Yinson Annual Report 2021

104 YINSON HOLDINGS BERHAD SECTION 05 : OUR CAPITALS PROGRESS IN FYE 2021 FOCUS FOR FYE 2022 GOVERNANCE Data protection and information security t %BUB 1SPUFDUJPO 0GmDFST i%10wT NPCJMJTFE BOE USBJOFE JO all country offices. t 1FSTPOBM %BUB 1SPUFDUJPO "DU i1%1"w OPUJmDBUJPOT BOE Privacy Notices updated on Yinson website. t %FWFMPQFE QMBO UP QFSGPSN HBQ BOBMZTJT PO DPVOUSZ specific data privacy compliance. t &YQMPSFE FOIBODFNFOUT GPS EPDVNFOU DPOUSPM TZTUFN t 0OHPJOH USBJOJOH GPS %10T t .BJOUFOBODF PG 1%1" OPUJmDBUJPOT BOE QSJWBDZ OPUJDFT PO Yinson website. t $PNQMFUF HBQ BOBMZTJT PO DPVOUSZ TQFDJmD EBUB QSJWBDZ compliance and begin implementing measures to address them. t 4USFOHUIFO DPSQPSBUF MFWFM EPDVNFOU DPOUSPM TZTUFN Offshore production governance t ,JDLFE PGG :JOTPO .BOBHFNFOU 4ZTUFN i:.4w Revitalisation project. t .BJOUBJOFE *40 BOE DFSUJmDBUJPOT for YMS and continually improved compliance with the standards. All audit programmes executed as planned. t 3FWJTFE BMM QPMJDJFT BOE SFWJTFE PS EFWFMPQFE TFWFSBM LFZ management system procedures. t &YFDVUFE $PSQPSBUF 4UBOEBSET 3FWJUBMJTBUJPO QSPKFDU XJUI most standards revised and republished. t .BJOUBJO *40 DFSUJmDBUJPOT BOE JNQSPWF DPNQMJBODF XJUI the standards. t &YFDVUF :.4 3FWJUBMJTBUJPO QSPKFDU JODMVEJOH FNQMPZFF training and familiarisation. ORGANISATIONAL STRUCTURE t FYJTUJOH FYQFSUT NPCJMJTFE UP OFX UFSSJUPSJFT UP encourage knowledge transfer and corporate culture adoption. Some transfers were delayed due to movement control orders in various countries. t *OUFSOBM FOUJUZ SFPSHBOJTBUJPO FYFSDJTF MBSHFMZ DPNQMFUFE t "QQPJOUFE (SPVQ )3 %JSFDUPS BOE (SPVQ $IJFG 'JOBODJBM Officer to Senior Management. t $POUJOVF UP NPCJMJTF PVS UBMFOU BDSPTT :JOTPO UP TVQQPSU knowledge transfer and career development. t $PNQMFUF JOUFSOBM FOUJUZ SFPSHBOJTBUJPO FYFSDJTF BUSINESS SYSTEMS AND PROCESSES Tax, Treasury and Finance t *NQMFNFOUFE 1IBTF PG 5SFBTVSZ .BOBHFNFOU 4ZTUFN t *NQMFNFOU mOBODJBM DPOTPMJEBUJPO TZTUFN 4JHNB UP improve reporting turnaround time. t *NQMFNFOU 1IBTF PG 5SFBTVSZ .BOBHFNFOU 4ZTUFN t *NQMFNFOU UBY EFBEMJOF NPOJUPSJOH EBTICPBSE BOE analytics. Enterprise Resource Planning t &OUFSQSJTF 3FTPVSDF 1MBOOJOH i&31w TZTUFN *'4 upgraded to latest version, enhanced and expanded to more sites. t 3PMM PVU CBSDPEF BOE PGnJOF TDBOOFS GVODUJPOT t *NQMFNFOU &31 JOUFHSBUJPO QMBUGPSN UP FOBCMF NPSF seamless connection with supporting systems. t (FBS VQ JOUFSOBM DBQBDJUZ BOE DBQBCJMJUZ UP TVQQPSU SBQJE growth of Renewables Division into new markets and geographical areas. t *NQMFNFOU &31 TZTUFN JO *OEJB INTELLECTUAL CAPITAL