KENANGA ANNUAL REPORT 2020

41 ANNUAL REPORT 2020 // KENANGA INVESTMENT BANK BERHAD CORPORATE GOVERNANCE OVERV I EW STATEMENT Management Committees THE BOARD OF DIRECTORS (“BOARD”) REGARDS CORPORATE GOVERNANCE AS VITAL TO THE SUCCESS OF THE BUSINESS OF KENANGA INVESTMENT BANK BERHAD (“KIBB” OR “THE COMPANY”) AND IS UNRESERVEDLY COMMITTED TO APPLYING THE PRINCIPLES NECESSARY TO ENSURE THAT THE PRINCIPLES OF GOOD GOVERNANCE ARE PRACTISED IN ALL OF ITS BUSINESS DEALINGS AND OPERATIONS. The Board understands that the responsibility for good corporate governance rests with them. Therefore, the Board strives to adopt the principles and best practices of corporate governance and ensures that KIBB complies with the various guidelines issued by Bank Negara Malaysia ( “BNM” ), Bursa Malaysia Securities Berhad ( “Bursa Securities” ) and the Securities Commission Malaysia ( “SC” ). The Board is also committed to continuously undertake the appropriate actions to embed the said principles and recommendations of the Malaysian Code on Corporate Governance ( “MCCG” ) into the Company’s existing policies and procedures. Stakeholders Audit Committee Group Chief Internal Auditor Group Credit Committee Group Business Continuity Management Committee Group Board Digital Innovation & Technology Committee Group Products Committee Staff Outreach Committee Group Governance, Nomination & Compensation Committee* Group Digital Innovation Technology Committee ~ Group Disciplinary Committee Employees’ Share Scheme Committee Group Risk Committee Building Committee Group Board Risk Committee Group Outsourcing & Procurement Committee Group Talent Committee Shariah Committee Group Operational Risk Committee Corporate Finance Senior Officer Committee CORPORATE GOVERNANCE FRAMEWORK Board of Directors Group Managing Director Group Executive Committee Group Company Secretary * Formerly Known as Group Nomination & Remuneration Committee. ~ Formerly Known as Group Information Technology Steering Committee.