INTEGRATED ANNUAL REPORT 2024 166 167 SECTION 12: GOVERNANCE www.miscgroup.com MISC BERHAD Corporate Governance Overview Statement No. Training Attended by Director Presenter/Organiser Date Zahid Osman 1 Singapore Maritime Week 2024 Maritime and Port Authority of Singapore (MPA) 15-19 April 2024 2 Posidonia 2024 – The International Shipping Exhibition Posidonia Exhibitions S.A. 3-7 June 2024 3 MISC Group Directors’ Training FY2024 (Session 1) MISC Berhad 13 June 2024 4 MISC Group Directors’ Training FY2024 (Session 2) MISC Berhad 4 October 2024 5 MISC HSSE Partners Summit 2024 MISC Berhad 9 October 2024 6 Global Maritime Forum Annual Summit 2024 Global Maritime Forum 15-17 October 2024 7 Code of Conduct and Business Ethics (CoBE) E-Learning MISC Berhad October 2024 8 Abu Dhabi International Petroleum Exhibition and Conference 2024 (ADIPEC) dmg events 4-6 November 2024 9 MAP Part I Bursa Malaysia/ICDM 11-12 November 2024 10 North Field Expansion Project Shipping Safety Summit and Project Exhibition QatarEnergy LNG 17-18 November 2024 SUSTAINABILITY MISC’s sustainability governance is key to ensuring that sustainability principles are embedded into our business strategy, decision-making processes and operations. The Board sit at the apex of our sustainability governance structure and maintain strict oversight of the Group’s sustainability strategy and performance. The BSRC provides focused oversight on the effective implementation of the sustainability strategy. With regard to the sustainability agenda, the Board and BSRC are supported by the ELT and Sustainability Team under the Group Strategy & Sustainability Division. For more information on MISC’s sustainability initiatives in 2024, please refer to the MISC Sustainability Report 2024. ETHICS AND COMPLIANCE MISC observes its own Code of Conduct and Business Ethics (CoBE), including the Whistleblowing Policy and No Gift Policy. The CoBE is applicable to the Company, its Directors, employees and third parties performing work or services for and on behalf of the Company. It governs the desired standards of behaviour and ethical conduct expected from each individual to whom the CoBE applies. The MISC Anti-Bribery and Corruption Manual also serves to guide the Company in relation to such matters. Policies in relation to compliance to Critical Legal Areas (CLA) are in place: • Corporate Privacy Policy and its Master Guidelines • Sanctions and Export Control Guidelines • Competition Guidelines and its Protocols on Meetings & Information Sharing and Merger & Acquisition Transactions A Whistleblowing structure to review and manage any whistleblowing reports is in place, which includes a whistleblowing policy and management process. The Board, through the BAC, reviews the adequacy and effectiveness of the established whistleblowing management policy and procedure on a quarterly basis. Corporate Governance Overview Statement Appended below are MISC’s ethics and compliance initiatives in 2024: Governance/Policies/Procedures • Four (4) CLA-related Governance documents revised • MISC Berhad’s Regulatory & Legislation Register 2024 updated - newly identified applicable laws and regulations (Malaysia, Singapore, Brazil, and United Kingdom categories) • Advisories and reviews of compliance clauses related to CLAs • MISC Group Compliance and Ethics Survey launched Revised Procedures - Anti-Bribery and Corruption Manual - Master Guidelines to the Corporate Privacy Policy - CoBE Country Supplement: Brazil - Integrity Management System Manual Communication/Awareness/Training • Maritime Anti-Corruption Network (MACN) Seminar & Networking Reception’s CEO Panel (featuring Zahid Osman, President & Group CEO as one of the panel speakers) – Tackling Corruption in the Port & Maritime Sector: Learnings from Malaysia • Four (4) See.Speak.Support Awareness Sessions • Thirteen (13) bite-sized communications • One (1) CLA e-learning modules for employees, and four (4) for Board members • Integrity Time-Out Sessions and Compliance/Integrity Moment Sharing Session initiatives implemented - No to Sexual Harassment: Towards a Safe & Secure Workplace - Personal Data Protection – Communicating and Transacting in Cyberspace: Risk and Implications - Mind Over Matter: Overcoming Burnout and Stress - Lessons on Integrity: Offence by Commercial Organisation - Annual CoBE Training for Third Parties - CoBE Refresher Training for MISC Board members and employees - CoBE Trainings for new employees during HR onboarding programme - Trainings on CLA (including e-learning modules) - Anti-Bribery & Corruption Manual - Third Party Compliance Due Diligence in MISC - Sanctions - Personal Data Protection - Export Control - Competition Law - Human Rights Management
RkJQdWJsaXNoZXIy NDgzMzc=