120 Kenanga Investment Bank Berhad Annual Report 2021 Our Sustainability Approach About This Report We Are Kenanga Message From Chairman and GMD The GBRC is supported by the Group Risk Committee (“GRC”) that provides a forum to address and review the management of credit, operational, market, liquidity, technology and other significant risks to enable effective oversight, accountability and responsibilities for risk-taking decisions. Assisting the GRC is the Group Operational Risk Committee and the Group Business Continuity Management Committee. The GBDITC focuses on technologies and IT risk of the Group at the Board level and is supported by the Group Digital Innovation Technology Committee (formerly known as Group Information Technology Steering Committee) which covers the Group’s technology plans and projects. Quarterly meetings are held by the Audit Committee (“AC”) together with Management to review issues highlighted in the reports by internal and external auditors, as well as audits conducted by regulators such as Bank Negara Malaysia (“BNM”), the Securities Commission Malaysia (“SC”) and Bursa Malaysia, in particular the actions taken to address issues. If required, the internal auditors will also assist the AC to periodically review the measures taken to address the AC’s concerns on any internal control system. The Group Governance, Nomination & Compensation Committee (“GNC”) was established with the objective, amongst others, to support the Board in the effectiveness and the enhancement of the Group’s governance structure, framework and policies and its compliance with the applicable statutory and regulatory requirements in relation thereof, including but not limited to, the MMLR of Bursa Malaysia, BNM’s Policy Document on Corporate Governance, the Malaysian Code on Corporate Governance and the Malaysian Anti-Corruption Commission Act 2009, as well as the relevant latest developments in the corporate governance area. BOARD OF DIRECTORS Employees’ Share Scheme Committee Group Board Digital Innovation & Technology Committee Group Digital Innovation Technology Committee Group Executive Committee Group Risk Committee Group Governance, Nomination & Compensation Committee Shariah Committee Audit Committee Group Board Risk Committee Board appointed Committee Management Committee Management Committees (“MC”) are established to oversee specific responsibilities based on defined terms of references. MC meetings are held regularly to ensure that business operations are executed in accordance with approved strategies, policies and business directions. The MCs are responsible for, amongst others: - reviewing the actual performance against expectations and budget; - addressing any internal control issues with the AC, GBRC, GBDITC, GNC, GIA, regulators and the external auditors; and - addressing any matters arising from the meetings of the Board, AC, GBRC, GBDITC and GNC; and ensuring that actions are taken in relation to these matters. Group Talent Committee Group Disciplinary Committee Group Operational Risk Committee Group Business Continuity Management Committee Group Credit Committee Group Outsourcing & Procument Committee Staff Outreach Committee Group Products Committee Building Committee Group Sustainability Management Committee Corporate Finance Senior Officer Commitee
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