118 YINSON HOLDINGS BERHAD | INTEGRATED ANNUAL REPORT 2023 Training & awareness We continue to provide training, upskilling and awareness campaigns to ensure that Yinsonites are able to practice the highest standards of corporate governance in their day-to-day roles. Awareness training sessions are conducted via our LMS, Learn@Yinson, which enables self-paced learning. All new employees undergo ABAC training as part of their onboarding process, while current employees receive annual refresher training. In FYE 2023, almost 65% of employees completed the annual refresher training, and we expect 85% of our workforce to complete this training by January 2024. In addition, we executed the following in 2022 and to date: • Incorporated the Conflict of Interest declaration and ABAC acknowledgement into the revised ABAC training module. • Introduced a refresher campaign on Gifts, Hospitality & Entertainment on YNet for all employees. • The internal legal team conducted monthly legal awareness webinars for Yinsonites, with topics such as the ‘Personal Information Protection Law of China’. Anti-bribery & anti-corruption Yinson has a strict policy of zero tolerance against bribery and corruption and supports the Malaysian government in fighting corruption in Malaysia and in other countries where we operate. Protecting Yinson from corruption and bribery continues to be a top priority in our organisation. Our management approach to combat bribery and corruption is guided by our ABAC Policy. In 2021, Yinson received ISO 37001 certification from Bureau Veritas for its ABMS. We will continue to conform to the procedures and processes in alignment with the ISO 37001 ABMS Standard. In 2022, YHB and YP went through their first ABMS Surveillance Audit, as a follow-up for the certification received for ISO 37001, conducted by Bureau Veritas. There were no Major nor Minor Non-Conformities found and Yinson was lauded for showing consistent improvements, complying with proper due diligence, practising clear and transparent ABMS internal communication, digitalisation initiatives of ABMS, providing good mechanisms for Whistleblowing and taking the initiative to provide multi-lingual ABMS documents. The audit also affirmed that Top Management, comprising Yinson’s Management Committee, as well as the Governing Body, comprising the BRSC, have fully supported Yinson’s ABMS efforts in 2022. Additionally, our ABAC Cautionary Notice Cards have been translated into Arabic, Bahasa Malaysia, Chinese, French, Hindi, Indonesian, Italian, Norwegian, Portuguese, Spanish, Tamil and Vietnamese and are available for viewing on YNet and Yinson’s website. Whistleblowing Yinson encourages its stakeholders to raise concerns as well as suspected or actual violations of Yinson’s COBE, inaccuracies in financial reporting, non-compliance with laws and regulations, policies and procedures, inappropriate conduct or malpractices via designated channels, without fear of reprisal or unfair treatment. In the reporting year, two whistleblowing cases were reported. One was related to the alleged bribery of a supplier, which was resolved after an extensive on-site investigation that concluded no evidence of bribery was involved. The other case was an employee grievance which was closed as the anonymous whistleblower did not provide adequate information to progress the investigation further. In addition, we incorporated whistleblowing information into Yinson’s ABAC Online Training Module to raise awareness of the importance of whistleblowing and continued to disseminate memos on Whistleblowing to our third parties Group-wide. Other than that, we have placed whistleblowing posters in common areas in global offices where Yinson operates and carried out surveys to third parties on our ABMS and Whistleblowing effectiveness. Corporate tax governance Yinson balances corporate tax governance with its business activities as well as ethical, social and development-related expectations. Our approach in this area is based on a ‘Compliance first’ philosophy and includes considerations for tax management, governance, tax strategy and our relationship with tax authorities. Our Whistleblowing Policy & Procedure has mechanisms for reporting tax-related malpractices. EMBRACING GOOD CORPORATE GOVERNANCE
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