MISC Integrated Annual Report 2020

MAINTAINING SOUND LABOUR RELATIONS MISC supports the workers’ rights to exercise freedom of association or collective bargaining. In 2020, MISC had a total of 1,326 unionised employees. We apply the principles of the Basic Conditions of Employment Act, International Labour Organisation (ILO) and the Maritime Labour Convention (MLC). These are reflected in our Human Rights and Modern Slavery Policies, as well as our Whistleblowing Policy and grievance procedure mechanism that is available to all employees on our company website. Our employees are also compensated fairly based on the remuneration structures which are also in compliance with the Minimum Wage Order 2016, as set by the government. To ensure the Group’s competitiveness in attracting external talents, whilst at the same time retaining internal talents, a benchmarking study on the Group’s remuneration package is conducted on an annual basis. In 2020, a total of 23 MLC audits were performed onboard vessels and there were no non-compliance observed on our vessels. We also recorded zero labour standard non-compliance issues. PEOPLE DEVELOPMENT MOVING FORWARD Our strategic priority will hone in on achieving talent excellence through talent development and retention, and building a performance-driven workforce in an engaging and inclusive work environment, which is in line with UNSDG and MISC Sustainability Agenda. Training and development remain at the forefront of MISC’s human capital strategy for the year ahead. The Group will continue to roll out the functional competency framework throughout all business units and subsidiaries. A more focused and structured leadership and functional curriculum will be developed to support the development needs of our talent pipeline. Towards strengthening MISC’s leadership and succession development agenda, a Graduate Development Programme (GDP) will be rolled out in the coming years. The objective of the GDP is to solidify the talent pipeline for future MISC leaders through a young talent acceleration programme. The 24-month programme is targeted towards young graduates to provide them an immersive and holistic career journey supported by comprehensive developmental programme, learning visits and ship boarding throughout job rotations. It covers both functional and leadership capability building facilitated by an effective support system. Talents who undergo the programme may then be channeled into the Group talent pipeline, to be developed and groomed for future leadership positions. In addition, focus will also be on managing the impact of the pandemic on the performance of our vessels. Moving forward, in line with the advancement of technologies, we will focus on building both our sea and shore employees’ capability to leverage on technology as an enabler towards best in class in Operations Excellence. ///// Sustainability / Financial Review / Business Review / Leadership / Governance /// MISC Berhad / Integrated Annual Report 2020 7 204 MISC Berhad / Integrated Annual Report 2020 7 205 /// Governance / Leadership / Business Review / Financial Review / Sustainability ///// Section Section