130 Kenanga Investment Bank Berhad Annual Report 2021 Our Sustainability Approach About This Report We Are Kenanga Message From Chairman and GMD 3.6 Related Party Transactions During its quarterly meetings, the AC also reviewed the related party transactions/ recurrent related party transactions entered into by the Company and/ or its group of companies to ensure compliance with the MMLR of Bursa Securities. 3.7 Disclosure for Annual Report 2020 Under its TOR, the AC was also tasked to review the accuracy and adequacy of the Chairman’s Statement in the Directors’ Report, corporate governance disclosures and internal control, interim financial reports and preliminary announcements in relation to the preparation of financial statements. In this regard, the AC at its meeting on 26 March 2021 had also reviewed and recommended to the Board of KIBB for approval, the disclosure of the following reports and/ or statements in KIBB’s 2020 Annual Report: • Audit Committee Report; • Statement on Risk Management and Internal Control; • Sustainability Statement; and • Corporate Governance (“CG”) Overview Statement and CG Report. The AC’s recommendation was subsequently approved by the Board of KIBB on 1 April 2021. At the same meeting, the AC had also granted its concurrence on the Chairman’s Statement and the Group Managing Director’s Management Discussion & Analysis for incorporation into KIBB’s 2020 Annual Report. 3.8 List of Disciplinary Actions Meted Out on Employees’ Misconducts within KIBB Group The list of disciplinary actions meted out on KIBB Group’s employees who had committed misconduct was tabled by Group Human Resource for the AC’s notation at its meetings held on 24 February 2021, 28 July 2021 and 27 October 2021.
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