KENANGA ANNUAL REPORT 2018

43 ANNUAL REPORT 2018 CORPORATE GOVERNANCE OVERVIEW STATEMENT • Reports on Associate and Joint Venture Companies; • Monthly Share Margin Financing Reports; • Information Technology Matters; • Recovery Time Objectives and Maximum Tolerable Downtime for Critical System; • Business Continuity Plan/ Disaster Recovery Plan Test Matrix; • BNM’s Operational Risk Landscape Report for Banking Industry; • Management Action Trigger for Liquidity Coverage Ratio; • Renewal of Structured Investments Programme with the SC; • Pillar 3 Disclosure for 31 December 2017; • Renewal of Solvency Statement; and • Review of KIBB’s Employees’ Share Scheme By-Laws. Governance • Re-appointments of Directors; • Annual Board, Board Committees and Individual Director’s Performance Evaluation for 2017; • Directors’ Training Calendar for 2018; • Review of the Composition of the Boards of KIBB and its Subsidiaries; • Directors’ Remunerations; • Implementation Status of Malaysian Financial Reporting Standard (“ MFRS ”) 9 – Financial Instruments; • Update on New MFRS 15 – Revenue from Contracts with Customers; • 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 ”). IZLAN IZHAB Chairman, INED DATUK SYED AHMAD ALWEE ALSREE Deputy Chairman, NINED LUIGI FORTUNATO GHIRARDELLO NINED DATO’ RICHARD ALEXANDER JOHN CURTIS NINED ISMAIL HARITH MERICAN NINED LUK WAI HONG, WILLIAM INED JEREMY NASRULHAQ INED NORAZIAN AHMAD TAJUDDIN INED KANAGARAJ LORENZ INED The Board’s 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 2018.