Yinson Annual Report 2020

160 Yinson Holdings Berhad SECTION 6 GOVERNANCE & LEADERSHIP Corporate Governance Overview Statement Selection and appointment process The NRC oversees the screening and selection of new directors as follows: In FYE 2020, the NRC has, via a special meeting, carried out a selection process to ensure the candidate is fit and proper and complies with the necessary requirements set out in the Act, the Main Market Listing Requirements (“MMLR”) of 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 NRC 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 were reviewed and considered. The Board has approved the engagement of an independent consultant, Boardroom Corporate Services Sdn Bhd, to provide Board Evaluation Services for the financial year under review. The objective is to form an objective and candid evaluation of the Board and Board Committees, which is facilitated through evaluation forms and one-to-one interviews. Results are tabled to the NRC which subsequently reports findings to the Board. None of the Directors exceed five (5) listed companies’ directorships. With the exception of a Director who did not attend one ad hoc Board meeting, all other Directors registered full attendance in the Board Meetings held in FYE 2020. 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. Conduct interaction with candidate Induction programme Analyse and identify needs of the Board Nominate candidate to the Board Source candidate Board approval Shortlist candidate for interview Appointment process