KENANGA INVESTMENT BANK BERHAD 120 INTEGRATED ANNUAL REPORT 2025 CORPORATE GOVERNANCE OVERVIEW STATEMENT Group Board Digital Innovation & Technology Committee The GBDITC comprises three (3) INEDs and one (1) NINED and is chaired by an INED other than the Chairman of the Board. The GBDITC was established on 29 August 2019 to support the Board in providing direction and oversight over technology related matters as set out in BNM’s Policy Document on Risk Management in Technology. In addition to providing oversight on technology-related matters, including risks, the GBDITC also reviews, evaluates and makes appropriate recommendations to the Board for approval, proposals on technology/ digital innovations put forward by Management, in line with KIBB Group’s medium and long-term business strategy which includes the digitalisation strategy for the Group. The functions and responsibilities of the GBDITC are set out in its Terms of Reference which is available on KIBB’s website at https://www.kenanga.com.my/investor-relations/corporate-governance/. Risk Management and Internal Control The Board is responsible for ensuring that KIBB has in place effective and comprehensive risk management policies, procedures and infrastructure to identify, measure, monitor and control the various types of risks undertaken by KIBB Group. In discharging this responsibility, the Board approves and periodically reviews the risk management capabilities of KIBB Group to ensure their ability to support KIBB Group’s business activities and any expansion thereof. It is important to emphasise that the ultimate responsibility for ensuring a sound internal control system and reviewing the effectiveness of the system lies with the Board. The Group’s inherent system of internal control is designed to manage, rather than eliminate, the risk of failure to achieve the Group’s corporate objectives, as well as to safeguard the Shareholders’ investments and the Group’s assets. The details of KIBB Group’s internal control system and risk management framework are set out in the SORMIC appearing on pages 139 to 143 of this Integrated Annual Report 2025.
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