89 How We Are Governed Financial Statements Shareholders’ Information Additional Information Board Education and Development 1. Induction Programme for Newly Appointed Director KIBB has developed an induction programme for its newly appointed Directors to familiarise them with the industry and KIBB’s business and operations, within three (3) months of their appointments. This induction programme, which is facilitated by the Group Company Secretary’s Office, is conducted by way of a briefing and discussion amongst the Senior Management with the newly appointed Director, on the Company’s vision and mission, its philosophy and nature of business, current issues, the corporate strategy of the Group, responsibilities and duties of the Board as a whole, an overview of the risks of the businesses, risk management strategy of KIBB, legal requirements, compliance and regulations, as well as, financial overview of the Group and the expectations of KIBB with regard to contributions from the Directors towards the Company’s achievement of its goals. During this induction programme, the newly appointed Director will also be briefed on the Company’s governance framework, the Board processes, as well as, his/ her individual roles and responsibilities as a Board member. Non-Executive Directors appointed to the Boards of subsidiaries within the Group shall also be provided similar induction programme tailored to the scope of their appointments at the respective entities. As a new NINED of the Company, Mr. Choy Khai Choon had completed the in-house Induction Programme for Newly Appointed Director on 20 January 2022. 2. Directors’ Continuous Education and Development The Company, via the Group Company Secretary’s Office, facilitates the participation and attendance of Directors at appropriate external and in-house training programmes to ensure the Directors are kept abreast of new developments pertaining to the laws and regulations, the changing commercial risks, as well as, technology and cyber security issues, which may affect the Board and/ or the Company and to ensure that they are fully equipped with the necessary knowledge to assist them in fulfilling their responsibilities as Directors of the Company. In addition to completing the Mandatory Accredited Programme as required by Bursa Securities, the Financial Institutions Directors’ Education (“FIDE”) Core Programme and the Islamic Finance for Board Programme as required by BNM, and the Capital Market Director Programmed (“CMDP”) as required by the SC for newly appointed Directors, the Board members are also encouraged to attend training programmes, conducted by highly competent professionals, which are relevant to the Company’s operations and business. To date all the Board members of KIBB had completed the mandatory training programmes required by the respective regulators as aforementioned, except for Mr. Choy Khai Choon who had been registered for the CMDP and expected to complete it within the timeframe stipulated by the SC. All matters pertaining to Directors’ training requirements are facilitated by the Group Company Secretary’s Office, including but not limited to, monitoring the status of all mandatory training programmes to be completed by the Directors. As part of this process, an Annual Directors’ Training Calendar encompassing external training programmes, available in the market and/ or recommended by the Board members and/ or in-house training programmes, is developed and tabled at the GNC and the Board for endorsement in the first (1st) quarter of each year to create awareness amongst the Directors of training programmes which are available for the year. Thereafter, the GNC and the Board will be updated on the status of Directors’ participation in these training programmes on a quarterly basis. In developing the Annual Directors’ Training Calendar, feedback received from Directors during the annual Board evaluation process in terms of specific training needs required to enhance the Board’s effectiveness and skill set, was also taken into consideration.
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