05 / HOW WE ARE GOVERNED 01 02 03 04 06 07 08 09 99 The Board’s composition complies with the minimum one-third (1/3) requirement of Independent Directors as stipulated in the Main Market Listing Requirements (“MMLR”) of Bursa Malaysia and the majority of Independent Directors requirement stipulated in BNM’s Policy Document on Corporate Governance. Whilst always ensuring a balance of skills set for the Board, in terms of gender diversity, age and ethnicity, the Board had also achieved its target for the Board to comprise at least 30% women Directors. At the moment, the Board is represented by three (3) or 37.5% women Directors, namely Puan Norazian Ahmad Tajuddin, Madam Chin Siew Siew and Ms. Angeline-Ong Su Ming. Tenure of Independent Directors In compliance with BNM’s Policy Document on Corporate Governance and as set out in KIBB’s Board Charter, the tenure of an INED should not exceed a cumulative term of nine (9) years. Upon completion of nine (9) years, an INED may continue to serve on the Board as a NINED subject to BNM’s prior approval being obtained. Based on the current Board composition, none of the INED’s tenure exceeds nine (9) years. Notwithstanding the aforementioned, as deliberated by the Board of KIBB at its meeting on 29 July 2021 on the application and adoption of Practices and Step Up Practices of the revised MCCG, moving forward and in the spirit of the MCCG, Clause 3.3 of KIBB’s Board Charter which allows for extension of an INED’s tenure beyond the nine (9) years, had been revised to incorporate a formal policy which limits the tenure of an INED to nine (9) years without further extension in line with the MCCG’s Step Up Practice 5.4. In this regard, the Group Governance, Nomination & Compensation Committee (“GNC”) and the Board have always been cognisant of the need for the compositions of the Board and Board Committees of entities within KIBB Group to be periodically reviewed for purposes of succession planning and Board refresh. The profile of each Director is available on pages 76 to 83 of this Integrated Annual Report 2025. CORPORATE GOVERNANCE OVERVIEW STATEMENT 0 1 2 3 4 5 Number of Independent Directors under Different Tenure Less than Two (2) years More than Five (5) years but Less than Nine (9) years Tenure of Independent Directors as at 31 March 2026 More than Two (2) years but Less than Five (5) years 16.7% 66.6% 16.7% 0 1 2 3 4 5 Ethnicity Malay Indian Ethnicity of Directors as at 31 March 2026 Chinese 50% 12.5% 37.5% 0 1 2 3 4 5 Number of Directors under Different Tenure Less than Two (2) years More than Nine (9) years Tenure of Directors as at 31 March 2026 More than Two (2) years but Less than Five (5) years More than Five (5) years but Less than Nine (9) years 12.5% 12.5% 25.0% 50.0% 0.00% 50.00% 100.00% 150.00% Skills and Experiences Commercial & Marketing Digital & Technology Finance, Securities & Banking Risk & Governance Accounting & Audit Management & Leadership 25.00% 62.50% 25.00% 50.00% 100.00% 62.50%
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