97 ANNUAL REPORT 2024 PRINCIPLE A: BOARD LEADERSHIP AND EFFECTIVENESS (CONT’D) PART I: BOARD RESPONSIBILITIES (CONT’D) 3. Business Ethics and Integrity (Cont’d) As a complement to the Code and ABC Policy, the Group has also established a Whistle-Blowing Policy (“Whistleblowing Policy”) to reinforce the Group’s commitment to ethical and legal business operations. This Whistleblowing Policy aims to provide a secure channel for individuals with genuine concerns to disclose any suspected wrongdoings, frauds, business misconduct or malpractices without fear of discrimination, retaliation or harassment. Whistleblowers may report to the Whistle-Blowing Committee by filling the Whistleblowing Report Form (as annexed in Appendix I of the Whistleblowing Policy) and email the completed form at whistleblowing@keyfieldoffshore.com. Alternatively, whistleblowers may report directly to the Chairperson of ARMC via web-form available on the Company’s website at www.keyfieldoffshore.com/whistle-blowing-direct. Pursuant to Paragraph 15.01A of the MMLR, the Board has in place a Fit and Proper Policy to ensure that the Board is equipped with individuals of high calibre who possess the right character, experience, expertise, integrity, track record and qualifications. The Board, assisted by the NC, shall assess the candidates seeking for appointment or re-election based on the Fit and Proper Policy. Further, the Board has adopted a Corporate Disclosure Policy as a clear guidance for the Company to communicate material information to stakeholders, including investors, regulators and the public. The Company may utilise a variety of communication channels to effectively disseminate information, including Bursa announcements, general meetings, annual report, the Company’s website, press conferences/media releases, telephone, e-mail contact and post, and such other means of communication as may be deemed appropriate. The Code, ABC Policy, Whistleblowing Policy, Fit and Proper Policy and Corporate Disclosure Policy are publicly available on the Company’s website at www.keyfieldoffshore.com/corporate-governance. 4. Sustainability Governance The Board acknowledges the importance of sustainable business practices in generating long term value and enhancing business resilience. As stated in the Board Charter, the Board is responsible for overseeing the Group’s sustainability management as well as reviewing and approving strategic initiatives aligned with sustainability principles, covering environment, social and governance considerations. The Board is supported by the ARMC and Sustainability Steering Committee (“SSC”). The ARMC ensures the maintenance of a robust risk management and sustainability framework, while the SSC provides guidance to the Sustainability Working Committee (“SWC”) in implementing sustainabilityrelated strategies. The SWC, comprising Heads of Department, is responsible for the daily execution, data collection, and monitoring of sustainability initiatives. On top of that, the Board has designated Ms. Lim Kim Lee as the Chief Compliance and Costing Officer of the Company to lead the Group’s governance, risk management, compliance and sustainability initiatives. She is also a member of the SSC. In addition, the Board recognises the needs for regular engagement with both internal and external stakeholders in shaping sustainable strategies and priorities. These engagements enable the Group to have better understanding on the needs and expectations of stakeholders, thereby improving the Group’s sustainability. A detailed Sustainability Statement in this Annual Report would assist the stakeholders to understand the integration of ethical governance, environmental stewardship and social responsibility (“EES”) factors into the Group’s operation. CORPORATE GOVERNANCE OVERVIEW STATEMENT (cont’d)
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