174 WASCO BERHAD SECTION 5 COMMITMENT TO GOVERNANCE e. On 12 February 2026, the BSC reviewed the findings of the ABMS Internal Audit conducted on 9 departments/functions within WMS and noted that the findings recorded zero non-conformity/ opportunity for improvement. 4.4 Others During the financial year under review, the BSC amended and improvised the following Terms of Reference:- (i) The amendments to the Terms of Reference of the RMC were reviewed by BSC on 20 February 2025. The amendments made were to update and streamline the Terms of Reference of the RMC to be consistent with the current composition of the RMC and the recent amendments to the Main Market Listing Requirements of Bursa Malaysia Securities Berhad and the Malaysia Code on Corporate Governance 2021. (ii) The amendments to the Terms of Reference of SSC were reviewed by BSC on 27 August 2025. The amendments to the Terms of Reference of SSC were intended to streamline and realign with the Group’s existing practices, as well as to ensure consistency with other relevant policies and the terms of reference of other Committees. 5. AMENDMENT AND IMPROVISING EXISTING POLICY During the financial year under review, the BSC amended and improvised the following existing policies:- (i) The amendments to the Anti-Bribery and Corruption Policy (“ABC Policy”) were reviewed by BSC on 20 February 2025. The ABC Policy were amended to streamline the ABC Policy to be in line with the Conflict-of-Interest Policy (“COI Policy”) of the Group. The Anti-Bribery and Corruption Policy is available on the Company’s website at www.wascoenergy.com. (ii) On 27 August 2025, the Whistleblowing Policy was enhanced and reviewed and the Whistleblowing Flowchart was established to further strengthen and outline the escalation of any whistleblowing cases to the appropriate reporting channels. The policy reflects the Group’s commitment to provide a structured and transparent mechanism for reporting any actual or suspected misconduct committed by any employee, director, shareholder, or business associate of any company within the Group. The Whistleblowing Policy is available on the Company’s website at www.wascoenergy.com. (iii) The revised Principles of Business Conduct were reviewed by BSC on 27 August 2025. Amendments and new additions had been made to the Principles of Business Conduct, streamlined to be aligned with the existing ABC Policy and COI Policy to ensure consistency. Incorporated new sections on Fair Competition, Anti-Money Laundering, Data Protection, and Trade Restrictions to align with current rules, regulations, and Acts. The Principle of Business Conduct is available on the Company’s website at www.wascoenergy.com. 6. TRAINING AND DEVELOPMENT PROGRAMMES Throughout 2025, the BSC reviewed and implemented targeted training initiatives on ISO 37001 Standards, Anti-Money Laundering, Responsible Business Conduct, Human Rights Due Diligence and Women’s Leadership to strengthen governance, enhance regulatory and ethical awareness, foster a culture of integrity and accountability, and promote inclusivity and women leadership across the Wasco Berhad Group. 7. BOARD SUSTAINABILITY COMMITTEE REPORT On 6 April 2026, the BSC reviewed the Board Sustainability Committee Report for incorporation into the Company’s 2025 Annual Report accordingly. BOARD SUSTAINABILITY COMMITTEE
RkJQdWJsaXNoZXIy NDgzMzc=