Intended Outcome 11.0 Companies have an effective governance, risk management and internal control framework and stakeholders are able to assess the effectiveness of such a framework. The IA function of the Group is carried out through a co-sourcing engagement by both the in-house IA Department and EY, who reports directly to the AC. Internal compliance team will conduct half yearly audit on the anti-bribery system which is in line with ISO 37001 ABMS. The scope of work for the IA function is as set out in the Report on AC as found on pages 205 to 206 of the Annual Report 2022. PRINCIPLE C: INTEGRITY IN CORPORATE REPORTING AND MEANINGFUL RELATIONSHIP WITH STAKEHOLDERS Part I – Engagement with stakeholders Intended Outcome 12.0 There is continuous communication between the company and stakeholders to facilitate mutual understanding of each other’s objectives and expectations. Stakeholders are able to make informed decisions with respect to the business of the company, its policies on governance, the environment and social responsibility. The Board recognises the importance of being transparent and accountable to stakeholders and prospective investors. The communication channels between stakeholders and the Company include, but are not limited to the following: • M eetings with institutional shareholders and investment communities; • Q uarterly announcements on financial results to Bursa Securities; • R elevant announcements and circulars, when necessary; • A nnual and Extraordinary General Meetings (“EGM”); and • C ompany’s website at www.yinson.com which provides access to corporate information, annual reports, press releases, financial information, company announcements and share prices of the Company. Stakeholder Communication Policy & Procedure The Stakeholder Communication Policy & Procedure, a revision of which was approved by the Board in December 2020, promotes effective communication and provides stakeholders with complete and timely information that represent the Group fairly and accurately. This enables investors and potential investors to make proper informed investment decisions, and for other parties to have a balanced understanding of the Group and its objectives. Corporate Disclosure Policy & Procedure The Corporate Disclosure Policy & Procedure sets out how sensitive and material information is determined and disseminated to investors, stakeholders, local media, investing public and other relevant persons in accordance with applicable statutory and regulatory requirements. The Corporate Disclosure Policy & Procedure was reviewed and enhanced in December 2020, which included the following insertions: • e xceptional circumstances that the Company may withhold, or delay disclosure of material information temporarily, provided that complete confidentiality is maintained; • m easures to minimise leakage of information in ensuring that the Company maintain confidentiality at all times; and • p olicy on thorough public dissemination. The Company via its Investor Relations team, conducts periodic analyst briefings and issues press releases as and when necessary, including its quarterly financial results and major contracts. The press releases, announcements issued to Bursa Securities and corporate presentations are available on the Company’s website. The Company has dedicated the following electronic mails – info@yinson.com to which stakeholders can direct their queries or concerns, and ir@yinson.com for investor relations purposes – to maintain transparency and effectively address concerns. CORPORATE GOVERNANCE OVERVIEW STATEMENT 196 YINSON HOLDINGS BERHAD GOVERNANCE
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