KENANGA ANNUAL REPORT 2023

93 OUR SUSTAINABILITY APPROACH HOW WE ARE GOVERNED FINANCIAL STATEMENTS SHAREHOLDERS’ INFORMATION ADDITIONAL INFORMATION DIRECTORS’ RESPONSIBILITY STATEMENT IN RESPECT OF THE PREPARATION OF THE AUDITED FINANCIAL STATEMENTS (Pursuant to Paragraph 15.26(a) of the MMLR of Bursa Malaysia) CORPORATE GOVERNANCE OVERVIEW STATEMENT Kenanga Group Sustainability Goals and Targets In April 2022, guided by the Group’s ESG Framework and Sustainability Plan, a ‘Group Sustainability Goals and Targets’ was presented to the GSMC by Group Marketing, Communications & Sustainability of KIBB, outlining the sustainability goals and target for the Group, which was approved by the Board of KIBB on 6 April 2022, upon recommendation of the GNC. Kenanga’s Sustainability Roadmap 2023-2025 Subsequently, in December 2022, upon the recommendation of the GSMC and the GNC, the Board of KIBB, had on 7 December 2022, approved the Group Sustainability Roadmap 2023-2025, outlining the sustainability goals and targets for the Group. Integration of ESG Targets and Metrics into the Employees’ Balanced Scorecards Following the approval of the Group’s Sustainability Roadmap 2023-2025, relevant ESG Key Performance Indicators (“KPIs”) were developed and incorporated into the Balanced Scorecards of relevant employees to track and monitor ESG performances. Kenanga Group’s Climate Change Risk Management Framework On 9 December 2021, the Board had approved Kenanga Group’s Climate Change Risk Management Framework (“CCRM Framework”) to facilitate the incorporation of climate change-related risk considerations into the governance process, business strategy and operations, reporting and disclosure, as well as risk management system of Kenanga Group. The climate change risk to be managed by the Group shall be governed by the existing risk governance structure that involves the Board, Board Committees, Management Committees, Business Units and Group Risk Management. The CCRM Framework serves as a guide to facilitate climate risk assessments of economic activities, and its impact on climate and the environment. The CCRM Framework also covers the strategy, principles, as well as initiatives in areas of climate risk management for Kenanga Group operations. The CCRM Framework was updated in 2023, to align it with BNM’s Policy Document on Climate Risk Management and Scenario Analysis issued in November 2022. The Board is fully accountable for ensuring that the Audited Financial Statements are prepared in accordance with the Companies Act 2016 and the applicable approved accounting standards set out by the Malaysian Accounting Standards Board so as to present a true and fair view of the state of affairs of the Group and of the profit and loss and cash flow as at the end of the accounting period. In preparing the Audited Financial Statements, the Directors are satisfied that the applicable approved accounting standards in Malaysia have been complied with reasonable and prudent judgment and estimates have been made. The Audited Financial Statements are also prepared on a going concern basis, as the Board has a reasonable expectation, after having made enquiries that the Group has adequate resources, to continue its operational existence in the foreseeable future. ADDITIONAL INFORMATION Audit and Non-Audit Fees The details of the audit and non-audit fees payable to the External Auditors, Ernst & Young PLT (“EY”) and its affiliates, for the Financial Year Ended 31 December 2023 are provided below. Group (RM) KIBB (RM) Statutory Audit 569,300 370,000 Audit/ Assurance Related 57,052 57,052 Non-Audit Fees – EY Assurance Team 74,000 32,000 Non-Audit Fees – EY Tax Team 0 0 Total Non-Audit 74,000 32,000 Grand Total 700,352 459,052

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