KENANGA ANNUAL REPORT 2017

Risk, Compliance and Oversight • Monthly Regulatory Reports; • Regulators’ Examination Reports; • Compliance Risk Assessment; • Monthly Risk Management Reports; • Enterprise Risk Management Framework; • Internal Capital Adequacy Assessment Process for 2016; • Establishment of new policies and review of existing policies; • Reports by Board Committees on matters discussed at the respective Board Committee meetings; and • Information Technology matters. Governance • Annual Board Performance Evaluation for the financial year ended 31 December 2016; • Directors’ Training Calendar for 2017; • Composition of the Board of KIBB and its subsidiaries; • Directors’ Remuneration; • Implementation Status of MFRS 9; • Establishment of the Employees’ Share Scheme Committee; • Directors and Officers’ Liability Insurance; and • Key Human Resource matters. Board Composition The Board of KIBB currently comprises nine (9) Directors, with five (5) Independent Non-Executive Directors (“ INED ”) and four (4) Non-Independent Non-Executive Directors (“ NINED ”) as listed below. 1. Izlan Izhab Chairman, INED 2. Datuk Syed Ahmad Alwee Alsree Deputy Chairman, NINED 3. Luigi Fortunato Ghirardello NINED 4. Dato’ Richard Alexander John Curtis NINED 5. Ismail Harith Merican NINED 6. Luk Wai Hong, William INED 7. Jeremy Nasrulhaq INED 8. Norazian Ahmad Tajuddin INED 9. Kanagaraj Lorenz INED The Board composition complies with the minimum one-third requirement of independent directors as stipulated in the Main Market Listing Requirements (“ MMLR ”) of Bursa Securities and the majority Independent Directors requirement stipulated in BNM’s Policy Document on Corporate Governance. The profile of each Director is available in this annual report. Board and Board Committee Meetings The Board is scheduled to meet ten (10) times a year with special Board meetings convened as and when necessary to consider urgent proposals or matters that require the Board’s expeditious review and consideration. All Directors attended more than 75% of Board meetings held during the financial year ended 31 December 2017. Annual Report 2017 37 corporate governance overview statement