KENANGA ANNUAL REPORT 2019

H OW W E A R E G O V E R N E D 1 2 3 4 5 47 6 7 Board Education and Development 1. Induction Programme for Newly Appointed Director KIBB has developed an induction programme for newly appointed Directors to familiarise them with the industry and KIBB’s business and operations, within three (3) months of their appointments. This induction programme, which is facilitated by the Group Company Secretary’s Office, will be by way of a briefing and discussion amongst the Senior Management with the newly appointed Director, on the Company’s vision and mission, its philosophy and nature of business, current issues, the corporate strategy of the Group, responsibilities and duties of the Board as a whole, an overview of the risks of the businesses, risk management strategy of KIBB, legal requirements, compliance and regulations, as well as, financial overview of the Group and the expectations of KIBB with regard to contributions from the Directors towards the Company’s achievement of its goals. During this induction programme, the newly appointed Director will also be briefed on the Company’s governance framework, the Board processes, as well as, their individual roles and responsibilities as a Board member. Non-Executive Directors appointed to the Boards of subsidiaries within the Group shall also be provided similar induction programme tailored to the scope of their appointments at the respective entities. 2. Directors’ Continuous Education and Development The Company, via the Group Company Secretary’s Office, facilitates the participation and attendance of Directors at appropriate external and in-house training programmes to ensure the Directors are kept abreast of new developments pertaining to the laws and regulations, the changing commercial risks, as well as technology and cyber security issues, which may affect the Board and/ or the Company and to ensure that they are fully equipped with the necessary knowledge to assist them in fulfilling their responsibilities as Directors of the Company. In addition to the Mandatory Accredited Programme as required by Bursa Securities, the Financial Institutions Directors’ Education (“ FIDE ”) Core Programme as required by BNM, as well as the Capital Market Director Programme (“ CMDP ”) as required by the SC for newly appointed Directors, Board members are also encouraged to attend training programmes conducted by highly competent professionals which are relevant to the Company’s operations and business. In order to facilitate this process, an Annual Directors’ Training Calendar encompassing external training programmes available in the market and/ or recommended by the Board members and/ or organised in-house, is developed and tabled at the NRC and the Board for endorsement in the first quarter of each year to create awareness amongst the Directors of training programmes available for the year. Thereafter, the NRC and the Board will be updated on the status of Directors’ participation in these training programmes on a quarterly basis. In developing the Annual Directors’ Training Calendar, feedback received from Directors during the Board evaluation process in terms of specific training needs required to enhance the Board’s effectiveness, was also taken into consideration. 3. Training Programmes Attended by Directors The training programmes attended by the Directors during the Financial Year Ended 31 December 2019 are as listed below. Title of Programme Attended By 1. A Boardroom Colloquium on Innovation Governance by MeLearn Global Jeremy Nasrulhaq (“ JN ”) 2. Blockchain for Accountants – Awareness Workshop by Malaysian Institute of Certified Public Accountants Kanagaraj Lorenz (“ RL ”) 3. Let's Get Real on Anti-Bribery by The Iclif Leadership and Governance Centre (“ ICLIF ”) JN 4. ASLI – Inaugural Malaysia Forum 2019 – Shaping Policy in an Interconnected World by Federation of Public Listed Companies (“ FPLC ”) Izlan Izhab (“ II ”) CORPORATE GOVERNANCE OVERVIEW STATEMENT