78 WE ARE KENANGA LEADERSHIP MESSAGE VALUE CREATION MODEL KENANGA INVESTMENT BANK BERHAD ANNUAL REPORT 2023 CORPORATE GOVERNANCE OVERVIEW STATEMENT Board Education and Development KIBB has developed an induction programme for its newly appointed Directors to familiarise them with the industry and KIBB Group’s business and operations, within three (3) months of their appointments. This induction programme, which is facilitated by the Group Company Secretary’s Office, is conducted by way of a briefing and discussion amongst selected Senior Management with the newly appointed Director, on the Company’s vision and mission, its philosophy and nature of business, current issues, the corporate strategy of the Group, responsibilities and duties of the Board as a whole, an overview of the risks of the businesses, risk management strategy of KIBB, legal requirements, compliance and regulations, as well as financial overview of the Group and the expectations of KIBB with regard to contributions from the Directors towards the Company’s achievement of its goals. During this induction programme, the newly appointed Director will also be briefed on the Company’s governance framework, the Board processes, as well as his/ her individual roles and responsibilities as a Board member. Non-Executive Directors appointed to the Boards of subsidiaries within the Group shall also be provided similar induction programme tailored to the scope of their appointments at the respective entities. In ensuring that the Directors are kept abreast of new developments pertaining to the laws and regulations, the changing commercial risks, as well as, technology and cyber security issues, which may affect the Board and/ or the Company and to ensure that they are fully equipped with the necessary knowledge to assist them in fulfilling their responsibilities as Directors, the Company, through the Group Company Secretary’s Office, facilitates the participation and attendance of Directors at appropriate external and in-house training programmes. In addition to completing the Mandatory Accredited Programmes I and II (“MAP I and II”)1 as required by Bursa Malaysia under Paragraph 15.08 of the MMLR, the Financial Institutions Directors’ Education (“FIDE”) Core Programme and the Islamic Finance for Board Programme (“IF4BOD”) as required by BNM, and the Capital Market Director Programme (“CMDP”) as required by the SC for newly appointed Directors, the Board members are also encouraged to attend training programmes, conducted by recognised professionals/ providers, which are relevant to the Company’s operations and business. During 2023, the Board members of KIBB had completed the mandatory training programmes required by the respective regulators as stated below. Training Programme Attendees Date FIDE Core Programme • Ms. Chin Siew Siew 13 – 16 February 2023 (Module A) 16 – 19 October 2023 (Module B) IF4BOD • YAM Tan Sri Dato’ Seri Syed Anwar Jamalullail • Ms. Chin Siew Siew 6 – 7 June 2023 1 - 2 November 2023 CMDP Module 2B: Business Challenges and Regulatory Expectations – What Directors Need to Know (Fund Management) • Mr. Choy Khai Choon 21 August 2023 1 For a person who is appointed for the first time of a listed company, MAP I and II are required to be completed within four (4) and eighteen (18) months, from the date of appointment, respectively. Induction Programme for Newly Appointed Director Directors’ Continuous Education and Development
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