KENANGA ANNUAL REPORT 2019

K E N A N G A I N V E S T M E N T B A N K B E R H A D A n n u a l R e p o r t 2 0 1 9 40 CORPORATE GOVERNANCE OVERVIEW STATEMENT Board Reserved Matters The Board’s key activities during the financial year included amongst others, reviewing, deliberating, recommending and approving where appropriate, key matters as outlined below. Strategy/ Financials • Budget and Business Plan for KIBB Group for the Financial Year Ending 31 December 2020 • Investment Proposals/ Business Collaboration/ New Business Initiatives • Monthly Management Accounts • Quarterly Results • Annual Impairment Assessment of Goodwill and Intangibles for the Financial Year Ended 31 December 2019 • Audited Financial Statements for the Financial Year Ended 31 December 2018 and the Reports for the Directors and Auditors • Strategy Paper for Group Technology and Transformation • Proposed Interim Dividend for Financial Year Ended 31 December 2018 • Re-Appointment of External Auditors • Waiver of Intercompany Balance for Dormant Company • Report on Non-Budgeted Expenditure Exceeding RM100,000 • Reports on Associate and Joint Venture Companies • Renewal of Solvency Statement in Relation to the Share Buyback Exercise • Acquisition & Merger Updates on Libra Invest Berhad Risk, Compliance and Oversight • Quarterly Reporting by the Group Chief Regulatory and Compliance Officer without the presence of Management • Monthly Regulatory Reports • Gap Assessment on Readiness of KIBB Group to Comply with the Guidelines on Adequate Procedures Pursuant to Subsection (5) of Section 17A under the Malaysian Anti-Corruption Commission Act 2009 • Report on Survey on Ethics and Integrity Culture at Workplace and Group Business Ethics and Integrity Charter • Monthly Trading Liquidity Ageing Report for Bond Portfolios, Held-for-Trading and Available-for-Sale • BNM’s 2018 Supervisory Assessment on KIBB: 2018 Composite Risk Rating • Monthly Risk Management Reports • Business Impact Analysis — Reclassification of Criticality of the Corporate Email System • 2019 Group Outsourcing Plan and Transitional Requirements • KIBB’s Gap Analysis and Action Plan for Existing Outsourcing Arrangements • Business Continuity Management Framework • Outsourcing Risk Management Framework • Proposed Restructuring of Group Operational Risk Working Team to Group Operational Risk Committee • Enterprise Risk Management Framework Review 2019 • BNM’s Stress Testing Report • Internal Capital Adequacy Assessment Process for 2018 • Limits Framework Governing Equity Option Book • MY HORIZON Report 2018/ Volume 2: BNM Operational Risk Landscape Report for Banking Industry • Operational Risk Capital Charge Assessment for Year 2018 • Establishment of New Policies and Review of Existing Policies/ Framework • Reports on Recovery Status, Connected Party Exposure and Recovery on Impaired Equity Accounts • Credit Proposals as Recommended by the Group Credit Committee • Quarterly Cyber Security Updates • Results of the SC’s Capital Market Cyber Simulation 2019 • Group Level Business Continuity Plan • Pillar 3 Disclosure for 31 December 2018 • Appointment of KIBB as Participating Dealer and Market Maker • Half-Yearly Review on Shariah Committee’s Decisions • New Product Proposals on Exotic Options • Annual Attestation of Products Issued for 2019 • Annual Review of Contingency Funding Plan Governance • Appointments and Re-Appointments of Directors within KIBB Group • Establishment of the Group Board Digital Innovation & Technology Committee on 29 August 2019 • Review of Compositions of the Board, Board Committees and Management Committees • Key Observations on Corporate Governance (“ CG ”) Reports and CG Overview Statements of Listed Issuers and Findings of CG Monitor 2019