80 Kenanga Investment Bank Berhad Annual Report 2021 Our Sustainability Approach About This Report We Are Kenanga Message From Chairman and GMD Board Reserved Matters The Board’s key activities during the financial year included amongst others, reviewing, deliberating, recommending and approving where appropriate, key matters as outlined below. • Budget and Business Plan for KIBB Group for the Financial Year Ending 31 December 2022 • Proposals on New Investments/ Business Collaborations/ New Business Initiatives/ New Joint Venture • Monthly Management Accounts • Quarterly Financial Results • Waiver of Intercompany Balance for Dormant Companies • Annual Assessment for Impairment of Assets for the Financial Year Ended 31 December 2020 • Audited Financial Statements for the Financial Year Ended 31 December 2020 and the Reports for the Directors and Auditors • Proposed Dividend for Financial Year Ended 31 December 2020 • Representation Letter to Ernst & Young PLT in Relation to the Audit for the Financial Year Ended 31 December 2020 • Re-Appointment of External Auditors • Report on Non-Budgeted Expenditure Exceeding RM100,000 • KIBB’s Credit Rating by Malaysian Rating Corporation Berhad • 2021 Equity Derivatives’ Business Plan and Proposed Market Risk Limits • Reports on Associate and Joint Venture Companies • Renewal of Solvency Statement in Relation to the Share Buyback Exercise • Provision of Financial Support and Contingency Funding for Subsidiaries • Update Group Investment Banking & Islamic Banking’s Deals • Proposed Increase in Issuance Limit from RM200 Million to RM250 Million for Tier 2 Subordinated Notes under the Tier 2 Subordinated Note Programme • KIBB’s Share Buyback Exercise • Status of Branch Rationalisation • Annual Impairment Assessment of Goodwill and Intangibles for the Financial Year Ended 31 December 2021 • Monthly Regulatory Reports and Compliance Report • Final Report on Inspection by Bursa Malaysia Berhad (“Bursa Malaysia”) on KIBB dated 2 December 2020 • Report on Survey on Ethics and Integrity Culture at Workplace 2020 • Review of Responses Received Pursuant to the Survey on Ethics and Integrity Culture at Workplace 2020 • Guidance on Conduct of Fraud and Corruption Risk Assessment • Assessment on Kenanga Group’s Compliance with the SC’s Observations and Good Practices Relating to Compliance with Corporate Liability Provision (Section 17A of the Malaysian Anti-Corruption Commission Act 2009) • BNM’s 2020 Composite Risk Rating Assessment and Supervisory Concerns • Extension of Targeted Assistance Post COVID-19 Moratorium of Temporary Restructuring and Rescheduling Guidelines • Monthly Share Margin Financing Report by Credit Equity Broking • Recovery Time Objectives and Maximum Tolerable Downtime of Critical Business Functions for 2021 and 2022 • Business Continuity Plan and Disaster Recovery Plan Test Matrix for 2021 and 2022 • Internal Capital Adequacy Assessment Process for 2020 • MY HORIZON 2020/Vol 4: BNM’s Operational Risk Report for Financial Industry • Operational Risk Capital Charge Assessment for 2020 • Internal Credit Risk Rating for Corporate Loans/Financings • Credit Proposals Recommended/Approved by the Group Credit Committee • Monthly Connected Parties Exposure Reports • Monthly Report on Recovery Status for KIBB Corporate Loans and Impaired Equity Accounts (With Impairment Provisions) • Clarification of Connected Party Transaction as per BNM’s Guidelines Strategy/Financials Risk, Compliance and Oversight
RkJQdWJsaXNoZXIy NDgzMzc=