Kenanga-Sustainability-Report-2022

38 39 Environmental Stewardship About This Report Who We Are Progressing Towards A Sustainable Future Managing Our Sustainability Risks Good Governance Sustainable Economic Growth KENANGA INVESTMENT BANK BERHAD Sustainability Report 2022 Awards and Recognitions Empowering People and Communities GRI Content Index ESG Performance Data GOOD GOVERNANCE GOOD GOVERNANCE “We remain committed to combatting fraud and corruption through our ongoing efforts to strengthen our internal controls and working with stakeholders to promote transparency and ethical practices. As we work to further incorporate ESG criteria throughout our value chain, we continue to amplify the importance of accountability, integrity, and good governance and rally more people to join the fight against fraud.” MAHESWARI KANNIAH Group Chief Regulatory and Compliance Officer, Kenanga Investment Bank Berhad 6th Fraud Awareness Week (“FAW”) As part of Kenanga’s ongoing commitment to combat fraud in the financial industry, the Group organised its sixth (6th) annual Fraud Awareness Week (“6th FAW”) in collaboration with the Association of Certified Fraud Examiners’ (“ACFE”) International Fraud Awareness Week. This flagship campaign aligns with the UNGC’s 10th Principle to emphasise the need for businesses to work against corruption in all its forms. The month-long campaign, themed ‘Reaffirming Ethical and Moral Resilience for Good Governance,’ strived to raise awareness about the importance of fraud detection and prevention, as well as help shape corporate cultures to thrive in a constantly evolving regulatory landscape. The 6th FAW games recorded over 2,000 participations in FY2022, with attendees from notable regulatory, enforcement and professional bodies as well as other financial institutions, public listed companies and Kenanga’s third party vendors and suppliers. The delegates included participants from Securities Commission Malaysia, Bursa Malaysia, Employees Provident Fund, Petronas, Airasia, Nestle, and Deloitte Consulting Malaysia as well as our own employees. All programmes and game sessions were conducted virtually, and focused on delivering the message regarding the importance of combating all forms of fraud and corruption and preventing misdemeanours or scams for businesses. 7th Annual Regulatory Seminar 2022 The Group hosted the Annual Regulatory Seminar in 2022, where we reinforced our standards of conduct and procedures on a wide range of regulatory and ethical issues including conflicts of interest and corruption, as well as Anti-Money Laundering, Counter-Terrorism Financing, and Targeted Financial Sanctions (“AML/CFT/TFS”). In 2022, approximately 85% of our employees completed e-tests on ethics and compliance as well as the landscape and regulatory expectations on AML/CFT/TFS which was made mandatory to all our employees during the Annual Regulatory Seminar, with 97.5% achieving a score of 80% or higher. We also published quarterly issues of our ‘Capital Market Insight Newsletter’ to keep our employees abreast of recent regulatory developments and capital market updates. 7th Annual Regulatory Seminar Topics AML/CFT/TFS Landscape & Expectations Strengthening Compliance Culture Towards Good Governance Cyber Security: Top Trends in Malaysia Compliance with Adequate Procedures Under Section 17A of the MACC Act 2009 Conversation with a Whistleblower – The Fraud Of Theranos Exposing Wirecard: Investigation of a Billion-Dollar Fraud Ethics & Compliance Ethos - The Cornerstone of a Good Corporate Culture BOOSTING FRAUD AWARENESS AT KENANGA All new hires are required to complete an onboarding training session to familiarise themselves with the relevant framework, procedures, and policies whereas annual training are provided as refresher for existing employees. The sessions are delivered through blended format that includes reading materials and explainer videos on topics such as Anti-Bribery and Corruption, AML/ CFT/TFS, and Anti-Fraud practices. Compliance Training Summary E-Test Outcomes Number of Employees Participated 2022 1,161 2021 1,084 Number of Employees who Scored 80% and Above 2022 1,132 2021 987 Number of Employees Participated 1,397 2021 2022 1,134 Anti-Bribery and Corruption 1,132 1,134 AML/CFT/TFS 2021 2022 Anti-Fraud 1,145 1,134 2021 2022 Total Training Hours Recorded 1,757.5 584.9 2021 2022 Anti-Bribery and Corruption 2,835.0 6,236.5 AML/CFT/TFS 2021* 2022 5,613.3 6,037.0 Anti-Fraud 2021 2022 * The additional training hours in 2021, covers the biennial AML courses under Nature of Life which has four (4) different AML modules. Note: For Year-On-Year data of the compliance training, please refer to page 91 of this report.

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