Yinson Annual Report 2019

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 directors who are fit and able to complement the current Board. The selection and appointment process for new directors is as follows: During the financial year under review, the Nominating and Remuneration Committee has, via a special meeting, carried out the abovementioned selection process to ensure the candidate is fit and proper and complies with the necessary requirements set out in the Companies Act 2016, the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (“Bursa Securities”) and the MCCG, prior to making any recommendations to the Board for approval. 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 evaluation on the effectiveness of the Board and Board Committees, evaluation of the individual performance of Directors, as well as a review on the independence of Independent Directors. In addition, the attendance of Directors at the 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 all Directors have achieved full attendance in the BoardMeetings for the financial year ended 31 January 2019. The Board is satisfied with the overall performance of individual Directors, Board and Board Committees for the financial year under review, with improvement seen in the performance of the Board and Board Committees. Areas of improvements identified from the assessment were (i) guidelines addressing the competing time commitments for directors who served on multiple boards; (ii) Boardroom diversity and steps to ensure that women candidates are sought as part of its recruitment process; and (iii) implementation of succession plan. Induction program Appointment process Board approval Nominate candidate to the Board Conduct interaction with candidate Shortlist candidate for interview Source candidate Analyse and identify needs of the Board Selection and appointment process for new directors 83 Yinson Group Overview Strategy and Sustainability Governance Accountability Annual General Meeting