97 KENANGA INVESTMENT BANK BERHAD Annual Report 2022 ETHICS AND COMPLIANCE STATEMENT OVERVIEW Kenanga Investment Bank Berhad and its subsidiary companies (“Kenanga”) is committed to ensure our business and operations are conducted professionally in compliance with the applicable laws and regulations while adopting the highest standards of ethical principles and integrity. We continuously emphasise on the importance of a strong governance framework and robust operational controls in our pursuit of business opportunities with the goal of maintaining sustainable presence. In Kenanga, we balance business performance with our motivation to preserve ethics and compliance, and this is reflected through the actions of our Board of Directors (“Board”), Senior Management and all other employees. We work in an environment where all are fully cognisance of the corporate culture of Kenanga and acknowledge their individual and collective accountability to meet compliance obligations that are consistent with our business risk tolerance. OUR ETHICS AND COMPLIANCE MANAGEMENT STRUCTURE Kenanga has established a strong ethics and compliance management structure to support the establishment of our governance framework. The structure sits within the Group Regulatory and Corporate Services (“GRCS”) Division providing oversight on ethics and compliance programs so that Kenanga meets the regulatory objectives and upholds the integrity in all business dealings. This would ultimately ensure the required good corporate governance for sustainability of Kenanga. The following six (6) departments within GRCS work together to carry out the overall responsibilities under the ethics and compliance structure: Manages the overall regulatory compliance issues in relation to the regulated activities as per the Licensing Handbook of the Securities Commission Malaysia Group Compliance Facilitates compliance with the applicable laws and regulatory requirements in relation to Anti-Money Laundering, Counter Financing of Terrorism and Targeted Financial Sanctions Group Financial Crime Compliance Manages consultations with the regulators and provides sound advice to ensure compliance with regulatory requirements and expectations as well as standard practices across Kenanga Group Prudential Supervision and Regulatory Affairs Develops and implements the applicable framework, policies and procedures towards promoting ethics and integrity in the business and operations of Kenanga Group Business Ethics and Integrity Ensures integrity of the governance framework and compliance of the Board with statutory and regulatory requirements as well as facilitates communication and implementation of Board’s decision. Group Company Secretarial Manages legal documentation and provides legal consultation towards mitigating legal risks Group Legal
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