Yinson Annual Report 2018

Intended Outcome 10.0 Companies have an effective governance, risk management and internal control framework and stakeholders are able to assess the effectiveness of such a framework. The Internal Audit function of the Group is carried out by co-sourcing engagement by both in-house Internal Audit Department and Ernst & Young Advisory Services Sdn Bhd, whom report directly to the Audit Committee. The scope of work for the Internal Audit function are set out in the Report on Audit Committee as contained in page 84 of the 2018 Annual Report. The Audit Committee conducted a review on the performance of the Internal Audit function for the financial year ended 31 January 2018 and noted on the needs for in-house Internal Audit team to undertake specialised training to meet the enlarge scope of Internal Audit function from time to time. PRINCIPLE C : INTEGRITY IN CORPORATE REPORTING AND MEANINGFUL RELATIONSHIP WITH STAKEHOLDERS Part I – Communication with Stakeholders Intended Outcome 11.0 There is continuous communication between the company and stakeholders to facilitate mutual understanding of each other’s objectives and expectations. Stakeholders are able to make informed decisions with respect to the business of the company, its policies on governance, the environment and social responsibility. The Board recognises the importance of being transparent and accountable to the Company’s Shareholders and prospective investors. The Board adopted a new Stakeholder Communication Policy and Procedure in January 2018 which superseded the Shareholder Communication Policy adopted in February 2017, which focuses on promoting effective communication and provide stakeholders with complete and timely information about Yinson Group, to fairly and accurately represent the Group. This enables the investors and potential investors to make proper informed investment decisions and other parties to have a balanced understanding of the Group and its objectives. The Company via its Investor Relations team, conducts periodic analyst briefing and issues press release as and when necessary, including but not limited to its quarterly financial results and major contracts of the Group. The press release articles and corporate presentations are also published at the Company’s website www.yinson.com.my . To maintain a high level of transparency and to effectively address any issues or concerns, the Company has dedicated electronic mails, info@yinson.com.my to which stakeholders can direct their queries or concerns and ir@yinson.com.my for investor relations purpose. Corporate Overview Stewardship Governance Accountability 73 Yinson Holdings Berhad Annual Report 2018