124 Kenanga Investment Bank Berhad Annual Report 2021 Our Sustainability Approach About This Report We Are Kenanga Message From Chairman and GMD 2.3 In addition, separate private discussions were also held between the Chairman of the AC and/or the AC with the GCIA and between the AC and the External Auditors, Ernst & Young PLT, without the presence of Management. During the period under review, the AC met with the External Auditors without Management’s presence twice, i.e. on 24 February 2021 and 27 October 2021, after the tabling of the Audit Results in respect of the Financial Year Ended 31 December 2020 and the External Auditors’ 2021 Audit Plan respectively. During these meetings, the AC sought the feedback from the External Auditors with regard to the support provided by Management in terms of provision of timely and accurate information, as well as the adequacy of resources in the financial reporting functions. Based on the External Auditors’ feedback, Management was noted to have provided full cooperation to the External Auditors in the course of the External Auditors’ audit assignments. The External Auditors had also indicated that Management had been very pro-active in approaching them for any issues arising during the year, which contributed to an effective audit planning by the External Auditors. 2.4 In fulfilling its reporting responsibility to the Board, after each meeting, the Chairman of the AC reported the AC’s deliberations and recommendations to the Board. The Minutes of each AC meeting were recorded and tabled for confirmation at the following AC meeting and subsequently presented to the Board for notation. 2.5 AC Members’ Attendance at Meetings The details of the AC members’ attendance at its meetings held during the Financial Year Ended 31 December 2021 are as stated below. AC Number of Meetings Name of Member Held(1) Attended Percentage (%) Jeremy Nasrulhaq (Chairman) 7 7 100% Luk Wai Hong, William 7 6 86% Ismail Harith Merican (ceased to be a member of the AC with effect from 29 July 2021) 6 6(2) 100% Kanagaraj Lorenz 7 7 100% Note (1) Total number of meetings held was inclusive of one (1) joint meeting between the AC and Group Board Risk Committee (“GBRC”) held on 27 July 2021. (2) Attended all the six (6) meetings held up to 28 July 2021.
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