Yinson Annual Report 2020

168 Yinson Holdings Berhad SECTION 6 GOVERNANCE & LEADERSHIP The Non-Audit services rendered by the external auditors were relating to the following: Group Level No. Description RM 1. Professional services rendered in connection with income tax compliance 162,562 2. Professional services rendered in connection with income tax advisory matters 57,710 3. Due diligence works rendered on business acquisitions and specific projects in certain countries 1,925,922 4. Professional services rendered for assisting the application for stamp duty refund 52,351 5. Accounting advice on application of new accounting standards 84,885 Company Level No. Description RM 1. Due diligence works rendered on business acquisitions and specific projects in certain countries 226,648 2. Accounting advice on application of new accounting standards 84,885 3. Professional services rendered in connection with income tax compliance 49,730 4. Professional services rendered in connection with income tax advisory matters 28,755 3. Material Contracts Involving Directors’ and Major Shareholders’ Interest During FYE 2020, none of the Company and/or its subsidiaries have entered into material contracts (not being contracts entered into in the ordinary course of business) involving interests of Directors and Major Shareholders of Yinson. 4. Recurrent Related Party Transactions of a Revenue or Trading Nature All recurrent related party transactions (“RRPTs”) are dealt with in accordance with the Bursa Securities MMLR and a summary of RRPT Register is tabled for AC’s review and monitoring on a quarterly basis. All relevant processes and procedures are for ensuring that all related party transactions are monitored and conducted in a manner that is fair and at arms’ length. The Directors and Major Shareholders who have interests in a transaction will abstain from deliberation and voting on said transaction at Board meetings and general meetings if required. The details of the RRPTs conducted during FYE 2020 between the Company and/or its subsidiaries with related parties are disclosed on pages 295 to 297 of the Audited Financial Statements contained in the Annual Report 2020. Corporate Governance Overview Statement