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 95 94 Title of Programme Attended By Sustainability and Environment, Social and Governance (“ESG”) 38. Masterclass 1: Boardroom Climate Essentials, Philippe Jourbet, Founder & CEO of Earth on Board - National Climate Governance Summit by Climate Governance Malaysia (“CGM”) AOSM 39. Masterclass 1: A Primer on Introducing Carbon Pricing in Malaysia, Taisei Matsuki, Senior Climate Change Specialist, World Bank Singapore by CGM AOSM 40. ESG Briefing by Ernst & Young Consulting Sdn Bhd CKC 41. Carbon Market: What Directors Need to Know by ASB (ICLIF Executive Education Centre) NAT 42. Board Ethics: Growing Concerns from New Technology, Stakeholder Interests & Conflict of Interest - Collaboration between Bursa Academy and ICDM JN 43. Setia Sustainability and Risk Management Masterclass by SP Setia Berhad TSAJ Legend • YAM Tan Sri Dato’ Seri Syed Anwar Jamalullail (“TSAJ”) • Encik Ismail Harith Merican (“IHM”) • Mr. Luk Wai Hong, William (“LWH”) • Encik Jeremy Nasrulhaq (“JN”) • Puan Norazian Ahmad Tajuddin (“NAT”) • Mr. Kanagaraj Lorenz (“RL”) • Mr. Choy Khai Choon (“CKC”) • Madam Chin Siew Siew (“CSS”) • Ms. Angeline-Ong Su Ming (“AOSM”) CORPORATE GOVERNANCE OVERVIEW STATEMENT CORPORATE GOVERNANCE OVERVIEW STATEMENT Training Programmes Attended by Members of Shariah Committee During Financial Year 2024 4 The training programmes attended by the Shariah Committee members during the Financial Year Ended 31 December 2024 are provided below. Title of Programme Attended By 1. 2nd Nadwah of Shariah Advisers in Islamic Capital Market 2024 by SC DGJ, DMF, DFM 2. ESG and Sustainability: Addressing Climate Change as Part of ESG Journey in Malaysia Capital Market by CHK Consultancy Sdn Bhd (“CHK Consultancy”) DGJ 3. Shariah Risk & Governance for Islamic Financial Institutions by REDmoney Events DGJ, DMF 4. Synergies of Tech Integration: Artificial Intelligence (AI), Fintech, Blockchain, Big Data, IoT, and Cloud in a Wealth Management Ecosystem by CHK Consultancy DMF 5. SCxSC FinTech Summit: SCxSC2024 by SC DMF 6. ESG and Sustainability – Green Finance and Green Economics by CHK Consultancy DFM 7. The Psychology of Finance and Investment Decisions by Asian Banking School DFM Legend • Dr. Ghazali Jaapar (“DGJ”) • Dr. Mohammad Firdaus Mohammad Hatta (“DMF”) • Dr. Fadillah Mansor (“DFM”) Succession Plan Board and Board Committee The Board had, in October 2015, formalised the Board Succession Planning Framework (“Framework”) which outlines the guiding principles for effective succession planning, as well as the detailed procedure in ensuring smooth transition in the Board’s process and functioning as existing Directors leave, and new ones come on board. This Framework is reviewed on a regular basis to ensure its alignment with the latest development in the relevant regulatory requirements, if necessary. Senior Management In July 2015, the Board had, upon the GNC’s recommendation, approved the Talent and Succession Management Framework and Methodology for the Group, which aims at ensuring ready successors for leadership positions capable of driving business growth and achieving the Group’s strategic business plan, ensuring a pool of qualified and competent staff prepared and ready to fill up critical positions within the Group as and when required; and ensuring effective development, engagement and retention of high potential employees. Non-Executive Directors’ Remuneration Framework The Company aims to set remuneration levels which are sufficient to attract and retain the Directors and Senior Management needed to operate the Company successfully, taking into consideration all relevant factors including the functions, workload and responsibilities involved, but without excessively overpaying to achieve its goal. Regarding the level of remuneration of the GMD and Senior Management personnel, it is deliberated by the GNC after giving due consideration to compensation levels of comparable positions of other similar companies in Malaysia. The GNC carries out the annual review of the overall remuneration policy for Directors, the GMD and Senior Management whereupon recommendations are submitted to the Board for approval. The GNC also reviews annually the performance of the GMD, Chief Executive Officers of the subsidiaries of the Company, as well as Senior Management and make appropriate recommendations to the Board for approval accordingly. The remuneration of GMD and Senior Management are made up of two (2) components i.e., fixed basic salary and a variable component comprising the annual discretionary performance bonus and share awards under the ESS. The share awards will only be vested upon the GMD and Senior Management meeting the agreed Key Performance Indicators (“KPIs”). Details of such share awards are set out in Note 55 of the Financial Statements section of this Integrated Annual Report 2024.
RkJQdWJsaXNoZXIy NDgzMzc=