KENANGA INVESTMENT BANK BERHAD 112 INTEGRATED ANNUAL REPORT 2025 CORPORATE GOVERNANCE OVERVIEW STATEMENT The outcomes of the assessment were then collated and compiled by the Company Secretary for tabling at the GNC meeting for deliberation. These outcomes were reviewed and discussed by the GNC by recognising the strengths and addressing the weaknesses of the Board as a whole, Board Committees and individual Directors and, where appropriate, the GNC would recommend to the Board appropriate action plans to be implemented to address any weaknesses or any areas of improvement identified. The results obtained from the individual Directors’ evaluation also served as one (1) of the criteria to be considered by the GNC and the Board when recommending and approving the re-appointments of Directors upon expiry of their respective terms of office as stipulated by BNM, as well as the annual re-elections of Directors at Annual General Meetings, under the retirement by rotation provisions in accordance with the respective Constitution of the companies within KIBB Group. With regard to the assessment conducted in respect of FYE 31 December 2025, based on the approved evaluation criteria, the overall rating of the Board, Board Committees and Individual Directors, were as provided below. Part I: Board and Board Committee Effectiveness Evaluation In terms of the effectiveness of the Board and Board Committees, based on the assessment of each of the evaluation criteria listed below, the Board had scored between 66.00% to 77.66% with an Overall Scoring of 38.09 out of the total marks of 52.00 or 73.25% in terms of its effectiveness. The lowest score given was in respect of Board Remuneration and Board Education where the scoring was 66.66%. Criteria 2025 2024 Average Scoring/ Total Scoring Scoring (%) Average Scoring/ Total Scoring Scoring (%) Section A: Overall Board Effectiveness 7.75/10.00 77.50 7.78/10.00 78.00 Section B: Board Responsibilities 2.13/3.00 71.00 2.26/3.00 75.33 Section C: Board Culture 2.16/3.00 72.00 2.23/3.00 74.33 Section D: Board Chair 2.14/3.00 71.33 2.29/3.00 76.33 Section E: Board Composition 2.13/3.00 71.00 2.32/3.00 77.33 Section F: Committees a. Board Committees Evaluation 2.23/3.00 74.33 2.32/3.00 77.33 b. Board Committees Self Evaluation i. Audit Committee 2.23/3.00 74.33 2.47/3.00 82.33 ii. Employees Share Scheme Committee 2.23/3.00 74.33 2.11/3.00 70.33 iii. Group Board Digital Innovation & Technology Committee 2.21/3.00 73.66 2.33/3.00 77.66 iv. Group Board Risk Committee 2.21/3.00 73.66 2.22/3.00 74.00 v. Group Governance, Nomination & Compensation Committee 2.33/3.00 77.66 2.22/3.00 74.00 Section G: GMD 2.21/3.00 73.66 2.41/3.00 80.33 Section H: Board Remuneration 2.00/3.00 66.66 1.89/3.00 63.00 Section I: Board Administration and Process 2.13/3.00 71.00 2.19/3,00 73.00 Section J: Board Education 2.00/3.00 66.66 2.11/3.00 70.33 Overall Scoring for Board 38.09/52.00 73.25 39.15/52.00 75.29 Overall, there is a slight decline in terms of the scoring from 75.29% for 2024 to 73.25% for 2025.
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