68 Additional Information We Are Kenanga Leadership Message Our Sustainability Approach How We Are Governed Financial Statements Shareholders’ Information CORPORATE GOVERNANCE OVERVIEW STATEMENT Board Reserved Matters The Board’s key activities during the Financial Year Ended 31 December 2022, included amongst others, reviewing, deliberating, recommending and approving where appropriate, key matters as outlined below. STRATEGY/ FINANCIALS • Budget and Business Plan for KIBB Group for the Financial Year Ending 31 December 2023 • Proposals on New Investments/ Business Collaborations/ New Business Initiatives/ New Joint Venture/ Corporate Exercises and Subsequent Updates • 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 2021 • Audited Financial Statements for the Financial Year Ended 31 December 2021 and the Reports for the Directors and Auditors • Proposed Dividend for Financial Year Ended 31 December 2021 • Representation Letter to Ernst & Young PLT in Relation to the Audit for the Financial Year Ended 31 December 2021 • Re-Appointment of External Auditors and Audit Fees for Financial Year Ended 31 December 2022 • Report on Non-Budgeted Expenditure Exceeding RM100,000 • 2022 Equity Derivatives’ Business Plan and Proposed Market Risk Limits • Reports on Associate and Joint Venture Companies • Proposed Increase in Quantum of Share Buyback and Renewal of Solvency Statement in Relation to the Share Buyback Exercise • Annual Revision of Contingency Funding Plan 2022 • Provision of Financial Support and Contingency Funding for Subsidiaries • Update on Utilisation of Treasury Shares for Settlement of Employees’ Share Option Scheme • Exercise of Call Option to Redeem Tranche 1 Under the Tier 2 Subordinated Note Programme • Call Option Placement Program – Subscriber • Annual Impairment Assessment of Goodwill and Intangibles for the Financial Year Ended 31 December 2022
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