KENANGA ANNUAL REPORT 2018

78 KENANGA INVESTMENT BANK BERHAD The Group Competition Act Compliance Policy provides a comprehensive overview of practices that are prohibited under the Act such as anti-competitive agreements and the abuse of a dominant position. It also outlines the Group’s Compliance Framework including: The responsibility of all employees, heads, senior management and those in an advisory role Ways to report infringements and non-compliance Ensuring compliance with the Competition Act 2010 The consequence of these infringements and non-compliance SUSTAINABILITY STATEMENT Economic Our policies, procedures and frameworks on anti-money laundering, anti-corruption and unethical practices comply with Malaysia’s laws and regulations. Pertinent recommendations from relevant international bodies and organisations have also been considered in these documents. Reviews and assessments are periodically conducted to measure the adequacy of the policies, procedures and frameworks to ensure they remain relevant within the current regulatory landscape. We monitor the employees’ conduct and provide a safe platform for concerned individuals to raise concerns about unethical behaviour. A safe platform extends to how the Group is committed to raising awareness and preventing fraud – bolstering the con dence of investors, regulators, audit committee members and the general public vis-à-vis the Group’s integrity. Fraud has become more prevalent worldwide due to the advancement of technology and evolvement of fraudsters. Recognising this, Kenanga Group became the rst (1 st ) establishment in Southeast Asia to be accorded a Corporate Alliance Partner to the Association of Certi ed Fraud Examiners (“ ACFE ”) in 2015. In conjunction with the International Fraud Awareness Week by the ACFE, the Group organised its second (2 nd ) Fraud Awareness Week in 2018, which signi es its proactive role as an anti- fraud professional. This also aims to initiate discussions on the importance of fraud prevention, amongst the capital markets participants and nancial sector at large. The Group believes doing the right thing is what the Company is all about. We see the importance of this effort and want to ensure that we are at the forefront of raising fraud awareness. ANTI-COMPETITION A competitive market promotes healthy growth. We adhere to the Competition Act 2010 and have embedded its principles of integrity, credibility, professionalism and transparency in our daily operations. The Group Competition Act Compliance Policy (“ the Policy ”) applies to the Group; both Directors and Employees must adhere to its terms. The Policy provides a handy list of ‘Dos and Don’ts’ governing contact with competitors, clients, customers, distributors, suppliers and corporations deemed to be in a dominant position in the context of the Competition Act 2010.