Yinson Annual Report 2018

MATERIALITY – OUR AREAS OF FOCUS To identify and understand the issues that are most important, we held a series of engagements with relevant stakeholders. Their feedback, together with an assessment of industry trends and research formed the key areas on which the strategy was developed. These areas are: By getting employees to adhere strictly to the Code, a culture consistent with the values of the Company will grow throughout the Group. This in turn will lead to positive peer pressure to maintain a high level of work consistent with the values of the Group. The on-going initiatives in this area are: 1. Formalising and establishing an anti-bribery and anti- corruption (“ABAC”) Policy - we initiated the ABAC Policy development in January 2018 and finalised the Policy which was endorsed by the Board of Directors on 29 March 2018. Workshops are conducted to ensure that employees are aware of the ABAC Policy requirements. Yinson is also in the process of reviewing the Whistleblowing Policy to complement the ABAC Policy implementation. 2. Strengthening internal controls – Yinson initiated the review and enhancement of Standard Operating Procedures (“SOPs”) at the Group corporate department level in January 2018 which is expected to be completed in May 2018. 3. Implementing Enterprise Risk Management (“ERM”) framework – the ERM Policy and Framework was developed and formalised in November 2017. The Group Risk Management and Compliance department engaged with the various risk owners within the Yinson Group to identify significant risks and developed the relevant action plans to mitigate these risks. The key risks and action plans are reported on a quarterly basis to the Yinson Board Risk Management Committee who are responsible for overseeing the ERM implementation. 4. Moving forward, we are in the process of enhancing our core values, incorporating the principles of reliability, openness, adaptability, decisiveness and sustainability. We are committed to conduct our business according to good and effective corporate governance principles. How we conduct ourselves is key to our success, and as such we expect our employees to strictly conform to our code of conduct. The Yinson Code of Ethics – which consists of four core values: Trustworthiness, Integrity, Honesty and Social Responsibility – is a critical component of our sustainability journey and governs the conduct of our employees, as it: 1. Communicates to employees that they are part of a responsible company 2. Demonstrates to customers that we value integrity 3. Prevents intentional or unintentional violations of ethics 4. Provides a clear point of reference when enforcing corrective action Code of Conduct Promoting Health and Safety Protecting the Environment Developing Human Capital Investing in Local Communities CODE OF CONDUCT YINSON CODE OF ETHICS TRUSTWORTHINESS HONESTY INTEGRITY SOCIAL RESPONSIBILITY Corporate Overview Stewardship Governance Accountability Yinson Holdings Berhad Annual Report 2018 51