MISC Annual Report 2017

MISC BERHAD | Annual Report 2017 72 the Lloyd’s List Awards series recognises the industry’s successes, sets a benchmark for excellence, as well as rewards innovative ideas and concepts that have pushed the boundaries of what is possible. The judges lauded the Group’s impressive performance that demonstrated operational excellence above the INTERTANKO average as well as prioritising high Health, Safety and Environment (HSE) standards andgood environmental stewardship. UPHOLDING RESPONSIBLE CORPORATE PRACTICES MISC’s Board of Directors has an unwavering commitment towards upholding and implementing the highest standards of corporate governance as well as robust risk management and internal control measures throughout the Group. These integral components of our business help to ensure sustainable business growth, strengthen investor confidence, safeguard our corporate reputation and sustain our ability to deliver continued shareholder value creation. In our efforts to uphold the highest corporate governance standards, the Group subscribes to the principles, practices and guidance set out in the Malaysian Code on Corporate Governance (MCCG) 2017 issued by the Securities Commission of Malaysia and the Third Edition of the Corporate Governance Guide issued by Bursa Malaysia Securities Berhad. The finer details of our corporate governance practices and risk management measures can be found in the relevant sections of this Annual Report as well as our Corporate Governance Overview Statement. Business sustainability remains a priority on MISC’s agenda and we look to our five-year Sustainability Strategy to guide us. Aligned with our Vision, Mission and the MISC2020 Strategy, the Sustainability Strategy focuses on enhancing MISC’s social integrity, improving our environmental stewardship and creating economic value for our stakeholders. The strategy will serve as a manifesto of our sustainability commitments as we continue to conduct business as a responsible corporate citizen over the next few years. MISC’s sustainability journey has its roots in the year 2012 when we began to formally embed sustainability principles into our corporate strategies, structures and practices. We have made good strides forward these past few years and CHAIRMAN'S STATEMENT We rema i n opt i m i st i c t hat t he measures we have taken to streaml i ne and future- proof our bus i nesses, toget her w i t h t he Group's sol i d presence i n t he markets we operate i n , w i ll cont i nue to strengt hen our growt h momentum and propel us forward.