11 KENANGA INVESTMENT BANK BERHAD Annual Report 2022 Promoting Ethics and Good Governance In FY2022, Kenanga Group held its sixth (6th) annual Fraud Awareness Week, which was held in conjunction with the International Fraud Awareness Week organised by the US-based Association of Certified Fraud Examiners. The event served as a platform to raise awareness on the importance of fraud detection and the need for a strong anti-fraud and anti-corruption culture. This year’s theme, ‘Reaffirming Ethical and Moral Resilience for Good Governance’, was highlighted through presentations and activities that engaged industry players and individuals. The event drew a record number of participants demonstrating the growing interest and commitment to combating fraud and corruption. In line with our commitment to ethics and good governance, Kenanga Group continues to invest in internal programmes and training to deepen our employees’ understanding of ethical conduct and corporate governance. Over the past two (2) years, employees have undergone more than 16,000 training hours in areas such as ethics, governance, and compliance. Anticipating what lies ahead, we remain committed to building a strong and resilient financial ecosystem through our efforts to combat fraud and corruption, and our continued investments in ethical and governance programmes. CHAIRMAN’S MESSAGE On the strength of these results, the Board is pleased to declare a dividend of 6.0 sen per share, amounting to dividends payable of RM43.6 million for FY2022. In the Management Discussion and Analysis, Group Managing Director, Datuk Chay Wai Leong will cover a comprehensive overview of the Group’s activities and performance. However, it is imperative that I highlight here, that the growth of Kenanga Group is not just limited to financial gains, but also encompasses a broader commitment towards making a positive difference to our people, communities and environment. Sustainability in Motion Recent years have seen the Group accelerating its sustainability agenda and placing Environmental, Social and Governance (“ESG”) considerations as part of its decision-making processes. Our commitment to sustainability is a key part of our growth story and has become one of the characteristics of the Kenanga brand. Over the course of 2022, I am proud to share that we made tremendous progress on the ESG front, which culminated in Kenanga Investment Bank Berhad’s inclusion onto the FTSE4Good Bursa Malaysia Index in December 2022. With that, we now join the 10% of public listed companies in Malaysia included on this index that is based on global ESG standards and benchmarks. Designed by global index provider FTSE Russell, the inclusion is a welcomed validation of our commitment to sustainability and responsible business practices. In the same year, we were heartened to receive multiple accolades at the UN Global Compact Network Malaysia & Brunei Sustainability Performance Awards, an event initiated to recognise continuous ESG efforts by its member participants. Kenanga Group was commended for our innovative approach to product development that integrates financial growth with social and community impacts; efforts in fostering partnerships and collaborations for financial inclusion; and raising awareness on sustainability issues. It was an honour to share the stage with some of the prominent sustainability stalwarts in the industry and take stock of how far we have come in a short period of time. As we move forward, the Board is dedicated to reinforce our sustainability agenda. We have developed a Three (3)-Year Sustainability Roadmap with specific goals and targets to strengthen our ESG footing, amplify our ESG impact, and improve our sustainability standards. Our steadfast commitment to sustainability will continue to guide our business as we work to create a better future for all. More information on our sustainability efforts can be found in our Sustainability Report 2022. Further information about our efforts in this area can be found in the Ethics and Compliance Statement on page 97 of this Annual Report.
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