51 Performance Review In the global listing, Mr Yee retained his 45th ranking and was cited for steering MISC through a turbulent 2016 and positioning the Group for growth. In 2016, MISC emerged as the only As i an sh i pp i ng company t o be shortlisted in the Lloyd’s List Global Awards for the Class NK Tanker Operator of the Year award. The Lloyd’s List Global Awards are highly regarded as a global mark of recognition within the shipping industry. The list pinpoints companies that have shone brightly throughout the year, and have been able to demonstrate first class performance operationally or financially. UPHOLDING RESPONSIBLE CORPORATE PRACTICES MISC’s Board of Directors is committed to upholding and implementing the highest standards of corporate governance as well as robust risk management and internal control measures throughout the Group. As integral components of our business, these elements are helping to ensure sustainable business growth, bolster investor confidence, preserve our corporate reputation and uphold our ability to deliver continued shareholder value creation. In our efforts to uphold the highest corporate governance standards, we continue to subscribe to the principles, guidelines and recommendations set out in the Second Edition of the Corporate Governance Guide issued by Bursa Malaysia Securities Berhad and the Malaysian Code of Corporate Governance (MCCG) 2012. The details of our corporate governance measures and risk management practices are spelt out in the relevant sections of this Annual Report. S&Pupgradedour credit and bank loans ratings to solid, better than expected BBB+
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