143 INTEGRATED ANNUAL REPORT 2025 GOVERNANCE | STATEMENT ON RISK MANAGEMENT & INTERNAL CONTROL Whistleblowing Yinson encourages all stakeholders including business partners, the general public, employees, third parties and suppliers to raise genuine concerns about suspected or possible misconduct, namely violations of Yinson’s COBE, improprieties in matters of financial reporting, non-compliance with laws and regulations, non-compliance with Yinson’s policies & procedures as well as disclosing any improper conduct or other malpractices within Yinson without fear of unfair treatment or reprisal. The Whistleblowing Policy & Procedure was established in 2018 and has been regularly updated since then, with the latest revision in 2023. Yinson has enhanced the overall whistleblowing process by implementing the following initiatives: • Deploying an independent Whistleblowing Channel whereby a independent service provider that is unrelated to Yinson will receive all cases escalated by internal and external stakeholders. • Making the Whistleblowing Channel available in multiple languages to handle escalated reports. This is important as it ensures that whistleblowers can submit reports in languages other than English, preventing anyone from feeling unable to escalate issues. • Keeping the Whistleblowing Channel accessible 24 hours a day, seven days a week. This is important as Yinson operates globally. With this, whistleblowing reports can be escalated at any time. • Improving accessibility to employees within the Group’s intranet, YNet. • Hosting the Whistleblowing Policy & Procedure on our corporate website for our external stakeholders. • Incorporating whistleblowing information in Yinson’s ABAC Online Training Module, which is assigned to all employees. • Sending communication memos on whistleblowing to our third parties. • Placing whistleblowing posters in common areas around the offices in countries where Yinson operates. • Sending surveys to third parties relating to the Anti-Bribery Management System (“ABMS“), including whistleblowing awareness. Within three working days from the receipt of the complaint, the Whistleblowing Incident Report will be prepared and submitted to the AC Chairperson (the Senior Independent NonExecutive Director), who will review and evaluate the Incident Report independently and fairly concerning all parties involved and provide protection for those who report allegations in good faith. Below are the general steps that Yinson undertakes when a whistleblowing report is received: 1. The Prescribed Officer prepares the Incident Report and submits it to the AC Chairperson within three working days. 2. The AC Chairperson, also the Senior Independent, Non-Executive Director, reviews the Incident Report and decides the next steps, which may include conducting an investigation. 3. The Whistleblowing Investigation Team conducts the investigation and prepares an investigation report. 4. The AC Chairperson reviews the investigation report and makes the final decision. 5. Yinson undertakes the necessary actions per the final decision of the AC Chairperson. 6. The Prescribed Officer communicates the final decision to the whistleblower. The Independent Whistleblowing Channel is available on our corporate website for external stakeholders and Yinson’s employee intranet, YNet for internal stakeholders. Workplace-related grievances, typically employee complaints about workplace conditions, interpersonal relationships, or management decisions that are perceived to affect their welfare, are also received via the Independent Whistleblowing Channel. However, these are addressed through internal HR grievance mechanisms, which are designed to provide a structured approach for resolving such matters effectively and confidentially. ISO 37001:2016 ABMS recertification In August 2024, Yinson Holdings Berhad (“YHB”) and Yinson Production Offshore Pte Ltd (“YPOPL”) were successfully recertified with the prestigious ISO 37001:2016 ABMS certification by Bureau Veritas, one of the world’s leading internationally accredited certification bodies. Achieving this recertification reaffirms YHB and YPOPL’s unwavering commitment to integrity and transparency. It signifies that both entities have successfully implemented the required systems and processes to ensure full compliance with the ISO 37001:2016 standard–an internationally recognised benchmark for preventing, detecting, and responding to bribery. The ABMS framework ensures that Yinson’s operations are fortified with robust anti-bribery policies, controls, and procedures that extend across internal practices and external business relationships. This certification confirms that Yinson proactively safeguards against bribery and corruption, fostering a culture of ethical business practices across the organisation. This recertification is valid for a period of three years, from 2024 to 2027. INTERNAL AUDIT AND CONTROLS The Group maintains an independent IA Department that updates the Board, through the AC, on the adequacy and effectiveness of the Group’s internal control and management information systems. Internal audit engagements are conducted according to a mandated discipline audit cycle to attain business insights and gain access to competencies to support the control assessment needs of the Group. IA adopts a risk-based approach when formulating and executing the internal audit plan, covering the Group’s businesses and functions. IA reports the outcome of its audit and the status of management’s action plans to the AC quarterly.
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