111 KENANGA INVESTMENT BANK BERHAD Annual Report 2022 STATEMENT ON RISK MANAGEMENT AND INTERNAL CONTROL Governance The Board, through its appointed committees such as the Group Board Risk Committee (“GBRC”) and Group Board Digital Innovation & Technology Committee (“GBDITC”), ensures that the Group’s activities are consistent with its approved risk appetite, strategies and policies. 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 on the other hand, focuses on technologies and IT risk of the Group at the Board level and is supported by the Group Digital Innovation Technology 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 Securities; and the remedial measures or actions taken by Management in addressing the audit findings raised by the regulators. The Group Governance, Nomination & Compensation Committee (“GNC”) was established with the objective, among 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 Securities, 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 Governance, Nomination & Compensation Committee Shariah Committee Audit Committee Group Board Risk Committee Group Digital Innovation Technology Committee Group Talent Committee Group Disciplinary Committee Group Executive Committee Group Risk Committee Group Operational Risk Committee Group Business Continuity Management Committee Building Committee Corporate Finance Senior Officer Commitee Staff Outreach Committee Group Credit Committee Group Sustainability Management Committee Group Outsourcing & Procument Committee Group Products Committee Board Committee Management Committee
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