Yinson Annual Report 2018

Governance Corporate Governance Overview Statement (Cont’d) Selection and Appointment Process The Nominating and Remuneration Committee is entrusted by the Board to ensure proper screening and selection of candidates prior to appointment of new Director who is fit and able to complement to the current Board. The selection and appointment process for new Directors are as follows: Intended Outcome 5.0 Stakeholders are able to form an opinion on the overall effectiveness of the board and individual directors. The Nominating and Remuneration Committee conducted an annual performance evaluation on the Board, Board Committees, Directors’ Self and Peer Evaluation and Independent Directors’ Self-Assessment. In addition, the attendance of Directors at Board and Board Committees meetings, time commitment and trainings attended by the individual Directors were reviewed and considered. None of the Directors exceeded five (5) listed companies directorships and the attendance of the Directors for the financial year ended 31 January 2018 is near 100%. The Board is satisfied with the overall performance of individual Directors, Board and Board Committees for the financial year under review, with improvement seen for the performance of the Board and Board Committees. Areas of improvements identified from the assessment were (i) enhance communication between Management and Board on short, medium and long- term strategy; (ii) to improve on the key performance indicators to monitor executive and Senior Management’s performance; and (iii) implementation of succession plan. Directors Training program Lim Han Weng • Directors’ Continuous Learning Programme: The Companies Act 2016 – Challenges for Directors and Officers • Half-Day Enterprise Risk Management – Risk Awareness Session for Yinson Holdings Berhad • Invest Malaysia 2018 Lim Chern Yuan • Invest Asean 2017 • Directors’ Continuous Learning Programme: The Companies Act 2016 – Challenges for Directors and Officers • Forbes Asia Forum: The Next Tycoons – A Generation Emerges • Forbes Asia Forum: The Next Tycoons – Face-To-Face • Half-Day Enterprise Risk Management – Risk Awareness Session for Yinson Holdings Berhad • Invest Malaysia 2017 Taiwan • The CG Breakfast Series for Directors: Leading Change @ The Brain • Invest Malaysia 2018 Analyse and identify needs of the Board 01 Sourcing for candidate 02 Shortlist candidate for interview 03 Conduct interaction with candidate 04 Nominate candidate to Board 05 Board approval 06 Appointment process 07 Induction program 08 68 Yinson Holdings Berhad Annual Report 2018