KENANGA ANNUAL REPORT 2018

61 ANNUAL REPORT 2018 The Group’s continuous participation and enhancement in the FAW delineates the devotion and commitment towards thwarting fraud hence augments investors, regulators and the general public confidence vis-à-vis the Group’s seriousness in this matter. • Client Educational Explainer Video We believe that clients’ awareness itself is a critical component to ensure that they do not fall prey to fraudsters who are increasingly becoming more sophisticated in the technologically connected world of business. It is also important that clients who trade with us are apprised of the market regulations so that they do not engage in abusive practices that violate the laws. Taking this into cognisance, the Group has embarked on a client outreach programme in the form of Educational Explainer Videos to create awareness amongst our clients. The first (1 st ) video launched has been prominently played at the Group’s premises and disseminated to our large client network to enlighten and enhance their awareness on adopting safe and ethical trading practices when conducting business with us. MAINTAINING A HIGH LEVEL CORPORATE GOVERNANCE With a series of corporate governance codes and guidelines issued in recent years by the regulators and authorities to improve best practices aimed at strengthening Malaysian corporate culture, we have taken steps to drive and transform our corporate culture to be in line with these changes and standards: • Policy Document on Corporate Governance issued by BNM effective 3 August 2016; • Malaysian Code on Corporate Governance 2017 issued by the SC effective 26 April 2017; and • Third (3 rd ) edition of the Corporate Governance Guide issued by Bursa Malaysia Berhad on 14 December 2017. With regard to BNM’s Policy Document on Corporate Governance, GRCS in collaboration with Group Human Resource, has conducted a gap analysis on KIBB’s corporate governance standards and practices, Board operations, as well as, remuneration framework. Arising from the gap analysis, certain action plans have been implemented, thus enhancing KIBB’s status of compliance to the eighty-one (81) standards stipulated in the Policy Document on Corporate Governance from 87% to 89%. The balance of the standards is on track for implementation in accordance with the timeline set by BNM. KIBB’S STRATEGIC PRIORITIES FOR 2019 While we revolutionise the measures in managing compliance, and ethics and integrity practices, our aims remain to achieve the existing and embrace new strategic priorities. ETHICS AND COMPLIANCE STATEMENT Manage reputational, culture and conduct risks • We acknowledge the need to strengthen the regulatory framework and will remain vigilant to the regulatory developments in order to ensure proper planning in formulating viable and effective plans. Thus, we would continue to build and maintain positive relationships with all regulators to meet common objectives of creating compliance, ethical and integrity business environment. Meet regulatory compliance, ethics and integrity standards • We understand the demeaning impact, which may come with the developments of business. Thus, we will continue to promulgate the importance of subscribing to the required compliance, ethics and integrity values to avoid improper practices in the course of conducting business activities.