Yinson Annual Report 2020

157 Annual Report 2020 During the financial year under review, key activities performed by the Board, Board Committees and Management-level Committees are as follows: Key activities of the Board, Board Committees and Management-level Committees Board • Approved Budget and strategic business plans • Reviewed, approved and received updates on business projects • Approved and reviewed various Charters, Terms of References, Policies and Procedures, and Limit of Authority • Approved Annual Report contents and CG Report • Approved declaration of interim dividends • Approved and reviewed Sustainability Policy and Strategies • Approved Board Evaluation and recommended re-election of Directors at AGM • Approved quarterly financial results • Approved Audited Financial Statements • Approved Enterprise Risk Management (“ERM”) plan and Risk Register • Approved Internal Audit Plan • Received Internal Audit Reports • Approved Key Risk Indicators and Action Plans of the top five (5) risks of the Group • Reviewed solvency position of the Company for dividend and share buy-back • Reviewed shares purchased pursuant to renewal of share buy-back authority • Established good CG practices AC • Reviewed Internal Audit Plan and Internal Audit Reports • Reviewed quarterly financial results • Reviewed Audit Planning Memorandum for external audit and External Auditors’ Report • Reviewed Audit fees • Reviewed and approved the Internal Audit Budget • Reviewed Audited Financial Statements • Reviewed Register on Recurrent Related Party Transactions • Conducted private sessions with external auditors and internal auditors without presence of the Executive Directors and Management • Evaluated performance of external auditors • Reviewed performance of Internal Audit Function • Reviewed the proposed revisions to the Internal Audit Charter • Reviewed risk profile • Verified criteria for allocation of share options to eligible employees for the FYE 2019 under the ESS BRMC • Reviewed status of the Risk Action Plan for top five (5) risks of the Group • Reviewed the Key Risk Indicators and Action Plans of the top five (5) risks of the Group • Reviewed Corporate Risk Profile of the Group • Reviewed Whistleblowing Policy and Procedure NRC • Reviewed annual performance of Individual Directors, Board and Board Committees • Reviewed re-election of Directors • Reviewed Directors’ fees and benefits • Reviewed remuneration package of the Executive Directors and Senior Management • Reviewed composition of Board Committees • Reviewed and assessed the appropriateness of new candidates of director ESSC • Reviewed and approved third and fourth Offer of Share Options