Yinson Annual Report 2020

158 Yinson Holdings Berhad SECTION 6 GOVERNANCE & LEADERSHIP MC • Overseen the Group’s day-to-day operations and business affairs towards achieving corporate objectives and goals • Reviewed the Group’s business strategies, plans, policies and frameworks • Identified the principal business risks faced by the Group and ensured appropriate internal controls and mitigating measures were implemented to manage such risks • Reviewed the Terms of Reference of the MC SC • Provided support and advice regarding embedding sustainability principles and practices throughout the Group’s overall business strategies, policies, processes and practices • Overseen sustainability-related management processes, standards and strategies towards achieving compliance with social and environmental responsibilities and commitments • Supported the Board in meeting stakeholders’ sustainability expectations • Steered the Company towards qualifying for Sustainability Index in Malaysia and globally Our sustainability-related achievements, direction and goals are captured within the ‘Our Capitals’ section of the Annual Report 2020, from pages 48 to 125. Intended Outcome 3.0 The board is committed to promoting good business conduct and maintaining a healthy corporate culture that cultivates that engenders integrity, transparency and fairness. The board, management, employees and other stakeholders are clear on what is considered acceptable behaviour and practice in the company. The Group’s Core Values The Group achieves its Vision and Mission through the implementation of a strong corporate culture that revolves around five Core Values: Reliable, Open, Adaptable, Decisive and Sustainable. Code of Conduct and Business Ethics (“COBE”) The Group’s COBE outlines the foundation and expectations in relation to ethical standards and personal conduct. The COBE, which includes other references such as the Group’s ABAC Policy, AML Policy and Whistleblowing Policy and Procedure, aims to guide employees and the Board on good corporate behaviour and how to resolve ethical dilemmas at work by: • Upholding the highest ethical standards of business conduct • Encouraging ethical decision-making and rewarding integrity • Being a role model and leading by example • Ensuring employees are given guidance to understand the ABAC Policy and other applicable policies • Creating a positive and transparent environment where questions and concerns may be raised comfortably • Ensuring those who raise genuine concerns do not suffer retaliation The Board recognises the importance of adhering to the COBE and has taken measures to ensure its compliance. The areas covered are as follows: • Work environment • Health and safety environment • Anti-bribery and anti-corruption • Anti-money laundering • Competition laws and regulations • Intellectual property and proprietary information Corporate Governance Overview Statement