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 56 The Board deliberates and in the process, assesses the viability of business propositions and corporate proposals, and the principal risks that may have significant impact on KIBB’s business or on its financial position, as well as the related mitigating factors. The Board aims to provide a clear, balanced and comprehensive assessment of the Group’s financial performance and prospects through the Audited Financial Statements and quarterly financial reports, as well as through material disclosure made in accordance with the MMLR of Bursa Securities. The AC assists the Board in overseeing the integrity of the Group’s financial reporting and part of this role involves the operation of the financial reporting processes. The processes are aimed at providing the assurance that the financial statements and related notes are completed in accordance with applicable legal requirements and accounting standards and give a true and fair view of the Group’s financial positions. During the year under review, two (2) sessions between the AC and the External Auditors were held in the absence of the Management, as part of the medium for greater exchange of views and opinions between both parties in relation to financial reporting. Investor Relations and Shareholder Communications The Board is committed to providing the shareholders, investors and other stakeholders with comprehensive, timely and equal access to information on the Group’s activities to enable them to make informed investment decisions. The Group employs a wide range of communication channels such as direct communication and publication of all relevant Group information on its website at www.kenanga.com.my. The Group utilises its corporate website as a means of providing information to its shareholders and the broader investment community. KIBB Group’s corporate website provides comprehensive and easy access to the latest information about the Group. The Group’s information on the corporate website includes information relating to inter alia, KIBB and its subsidiaries’ corporate profiles, Board, Senior Management, corporate governance related matters such as the Board Charter, as well as the Terms of Reference of the Board Committees, financial reports, annual reports and corporate news. Information relating to the procedures of whistleblowing is also available on the corporate website. General Meetings In line with its digital transformation efforts, the Company has focused on the dissemination of its Annual Report via its website at https://kenanga.com.my/investor- relations/AGM2020 in order to reach a wider spectrum of shareholders who are active internet users. Shareholders are encouraged to attend the AGM and any Extraordinary General Meeting (“ EGM ”) of the Company and to use these opportunities to raise questions and vote on important matters affecting the Group, including the election of Directors, the receipt of the Audited Financial Statements, as well as related party transactions and acquisitions. The External Auditors and advisers also attend the AGM and EGM and are available to answer any queries. Apart from the above engagement with stakeholders through Annual Reports and general meetings, the Company also makes announcements relating to the quarterly results and other relevant announcements to Bursa Securities via Bursa LINK to provide stakeholders with material key information which could affect their decision making, thus enhancing the level of transparency. The Board strengthens its line of communication with shareholders through the Senior Independent Director, Encik Izlan Izhab, who is also the Chairman of the Board, who takes heed of their concerns on matters related to corporate governance and the Group’s performance. CORPORATE GOVERNANCE OVERVIEW STATEMENT