Yinson Annual Report 2020

70 MANUFACTURED FINANCIAL NATURAL SOCIAL & RELATIONSHIPS HUMAN ORGANISATIONAL Yinson Holdings Berhad SECTION 4 OUR CAPITALS In line with our aim of fostering a culture of integrity across Yinson and our supply chain, we continue to implement Yinson’s COBE diligently. The COBE defines the foundation of our ethical standards and expectations for personal conduct. Yinson displayed a strong record of compliance to our COBE, with no fines, penalties or settlements imposed in FYE 2020. The COBE brings together Yinson’s main governance policies, including references to our other Group-wide policies. In addition, it sets the standards of operations for parties that have business dealings with Yinson, including business partners, third parties, international commercial representatives and vendors. In FYE 2020, a number of policies and procedures were enhanced and approved by the Board, including our Sustainability Policy and Whistleblowing Policy and Procedure. Our Anti-Bribery and Anti- Corruption (“ABAC”) Policy covers key areas of concern and outlines standards of employee behaviour towards ABAC issues. This includes areas such as the prohibition of political involvement on Yinson’s behalf, conflicts of interest, facilitation payments, hospitality and gifts, and entertainment. We have established a number of supporting programmes that aim to further strengthen Group-wide ABAC standards of behaviour. This includes the utilisation of our ABAC online training module. Set up in January 2019, the platform is designed to enhance employees’ understanding of the policy. The training module was successfully completed by more than 400 employees in the review period. Refresher courses are held yearly and are compulsory for all employees. Should any issues pertaining to ABAC arise, employees are encouraged to voice up through appropriate channels such as our independently managed Whistleblowing Hotline that is available 24/7. To increase employee awareness on whistleblowing, notices were displayed at high-traffic areas in our offices, encouraging employees to speak up and outlining various channels for blowing the whistle, whilst serving as a reminder that Yinson does not tolerate unethical behaviour. Yinson’s Code of Conduct and Business Ethics (“COBE”) Key Offshore Production-related certifications • International Safety Management (ISM) Code • International Ship and Port Security (ISPS) Code • ISO 9001:2015 • ISO 14001:2015 • OHSAS 18001:2007 Key Offshore Marine-related certifications • International Safety Management (ISM) Code • International Ship and Port Security (ISPS) Code • Maritime Labour Convention (MLC) 3 14