KENANGA INVESTMENT BANK BERHAD INTEGRATED ANNUAL REPORT 2024 WE ARE KENANGA OUR SUSTAINABILITY APPROACH LEADERSHIP STATEMENT HOW WE ARE GOVERNED FINANCIAL STATEMENTS SHAREHOLDERS’ INFORMATION ADDITIONAL INFORMATION OUR VALUE CREATION APPROACH 91 90 In pursuit of applying Practice 5.9 of the MCCG, the Board had identified several potential women candidates as an INED and had on 7 December 2023, approved the appointment of Ms. Angeline-Ong Su Ming, subject to further approval from BNM. BNM had on 15 March 2024, approved the appointment of Ms. Angeline-Ong Su Ming and her appointment was formalised with effect from 4 June 2024. Subsequent to the appointment of Ms. Angeline-Ong Su Ming as an INED on 4 June 2024, the Board composition had fulfilled the requirement of 30% women Directors. Hence, KIBB has fully adopted Practice 5.9 of the MCCG. 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 with similar induction programme tailored to the scope of their appointments at the respective entities. In relation thereof, during the Financial Year 2024, in-house Induction Programme for Newly Appointed Non-Executive Directors had been provided for the following newly appointed Directors within the Group: Company Name of Newly Appointed Director Date of In-House Induction Programme KIBB Ms. Angeline-Ong Su Ming 9 and 10 July 2024 KIB Puan Norazilla Md Tahir 16 February 2024 Eq8 Capital Puan Norazilla Md Tahir 7 October 2024 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. CORPORATE GOVERNANCE OVERVIEW STATEMENT CORPORATE GOVERNANCE OVERVIEW STATEMENT Induction Programme for Newly Appointed Director 1 Directors’ Continuous Education and Development 2 In addition to completing the Mandatory Accredited Programmes I and II (“MAP I and II”)1 as required by Bursa Securities 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 2024, the Board members of KIBB and its subsidiaries, KIB and Eq8 Capital completed the mandatory training programmes required by the respective regulators as stated below. Training Programme Attendees Date MAP I • Norazilla Md Tahir • Angeline-Ong Su Ming 13 and 14 March 2024 10 and 11 June 2024 MAP II • Ismail Harith Merican • Angeline-Ong Su Ming • Norazilla Md Tahir 6 and 7 May 2024 26 and 27 August 2024 18 and 19 September 2024 CMDP Module 1: Directors as Gatekeepers or Market Participants • Norazilla Md Tahir • Angeline-Ong Su Ming 13 May 2024 5 August 2024 CMDP Module 2A: Business Challenges and Regulatory Expectations – What Directors Need to Know (Equities and Future Broking) • Angeline-Ong Su Ming 5 August 2024 CMDP Module 2B: Business Challenges and Regulatory Expectations – What Directors Need to Know (Fund Management) • Norazilla Md Tahir 15 May 2024 CMDP Module 3: Risk Oversight and Compliance – Action Plan for Board of Directors • Norazilla Md Tahir • Angeline-Ong Su Ming 16 May 2024 6 August 2024 CMDP Module 4: Emerging and Current Regulatory Issues in the Capital Market • Norazilla Md Tahir • Angeline-Ong Su Ming 17 May 2024 7 August 2024 As for the FIDE Core Programme i.e. Modules A and B, as well as IF4BOD, Ms. Angeline-Ong Su Ming has registered herself for the programmes and is expected to complete the same within the stipulated timeframe. Training Programme Date FIDE Core Programme – Module A 30 June to 3 July 2025 FIDE Core Programme – Module B 14 July to 17 July 2025 IF4BOD 9 and 10 July 2025 In facilitating the Directors’ education and development, the Group Company Secretary’s Office, in addition to monitoring the status of all mandatory training programmes to be completed by the Directors, also establishes an Annual Directors’ Training Calendar encompassing external training programmes available in the market and/ or recommended by the Board members, as well as in-house training programmes. This Annual Directors’ Training Calendar shall be tabled at the GNC and the Board for endorsement in the first (1st) quarter of each year to create awareness amongst the Directors of training programmes which are available for the year. Thereafter, the GNC and the Board will be updated on the status of Directors’ participation in these training programmes on a quarterly basis. 1 For a person who is appointed for the first time as a Director 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 2 To be completed within three (3) years of their respective appointments
RkJQdWJsaXNoZXIy NDgzMzc=