Yinson Annual Report 2018

Governance Corporate Governance Overview Statement (Cont’d) Board Meeting and Access to Information Directors are suppliedwith relevant information and reports on financial, operational, corporate regulatory, business development and audit matters for decisions to be made on an informed basis and effective discharge of the Board’s responsibilities. Meetings of the Board and Board Committees are scheduled in advance before the beginning of each financial year to enable Board members to plan and coordinate the timing of each members. The Board and Board Committees papers are disseminated via email and/or hardcopies at least seven (7) days prior to the respective meetings. This enables Directors to have sufficient time for review, consider and to be prepared for the meetings. The deliberations and decisions of the Board are properly recorded in the minutes and circulated to the Board and attendees for proper meeting recording in a timely manner. The Board have direct access to the Senior Management and may obtain independent professional advice, if necessary, in accordance with established procedures set out in the Board Charter. The attendance of the Directors at the Board and Board Committee meetings during the financial year under review with attendance of at least 90% and above, are tabled as below: Name Type of Meetings Board *Audit and Risk Management Committee Nominating and Remuneration Committee Employees’ Share Scheme Committee General Meeting Lim Han Weng 10/10 – – 1/1 2/2 Lim Chern Yuan 10/10 – – 1/1 2/2 Bah Kim Lian 9/10 – – – 2/2 Lim Han Joeh 10/10 – – – 2/2 Dato’ Mohamad Nasir bin Ab Latif 10/10 – – – 2/2 Datuk Syed Zaid bin Syed Jaffar Albar 10/10 8/8 2/2 1/1 2/2 Dato’ Wee Hoe Soon @ Gooi Hoe Soon 10/10 8/8 2/2 1/1 2/2 Datuk Raja Zaharaton binti Raja Zainal Abidin 10/10 8/8 2/2 1/1 2/2 * During the financial year ended 31 January 2018, it was a combined Audit and Risk Management Committee. The Committee was subsequently segregated into the Audit Committee and the Board Risk Management Committee on 10 January 2018. Intended Outcome 2.0 There is demarcation of responsibilities between the board, board committees and management. There is clarity in the authority of the board, its committees and individual directors. A clear demarcation of responsibilities between the Board, Board Committees and Management are defined in the Board Charter. The Board Charter was reviewed in April 2017 and uploaded to the Company’s website. The Board Charter spells out the governance structure, authority and reserved matters for the Board whilst the respective Board Committees and Management-level Committees roles and responsibilities are spell out in their respective terms of references. The delegation of responsibilities of respective Board Committees are as defined below: • The Audit Committee assists the Board in overseeing the integrity of financial reporting, internal control and riskmanagement processes, review and monitor internal audit functions and external auditors. • The Board Risk Management Committee assists the Board in identifying principal risks and ensuring implementation of an effective risk management system and reviewing the adequacy and integrity of the Group’s internal control and management information system. 64 Yinson Holdings Berhad Annual Report 2018