CORPORATE GOVERNANCE OVERVIEW STATEMENT GOVERNANCE (1) Name of Directors Training Attended Organiser Date Mohd Yusri Mohamed Yusoff 1. CERAWeek 2021 IHS Markit 1-5 Mar 2021 2. International Petroleum Technology Conference iCEP 23 Mar-1 Apr 2021 3. Offshore Oil and Gas Business Market Outlook MISC Berhad 3 June 2021 4. Offshore Wind Industry Market Outlook MISC Berhad 8 June 2021 5. Oil Tankers, LNG Carrier and Marine Repair Markets Outlook MISC Berhad 9 June 2021 6. Global Energy Markets Outlook and Trends MISC Berhad 6 July 2021 7. Understanding Board Decision-Making Process Asia School of Business 13-14 Oct 2021 8. MISC Group Directors’ Training 2021 MISC Berhad 1 Dec 2021 Datuk Yee Yang Chien 1. Offshore Oil and Gas Business Market Outlook MISC Berhad 3 June 2021 2. Offshore Wind Industry Market Outlook MISC Berhad 8 June 2021 3. Oil Tankers, LNG Carrier and Marine Repair Markets Outlook MISC Berhad 9 June 2021 4. LNG and LNG Shipping Market Outlook MISC Berhad 10 June 2021 5. Digitalisation and Decarbonisation in the Maritime Industry MISC Berhad 11 June 2021 6. MISC Group Directors’ Training 2021 MISC Berhad 1 Dec 2021 (1) Dato’ Tengku Marina Tunku Annuar was appointed to the MISC Board on 1 January 2022. (2) Mr. Chew Liong Kim was appointed to the MISC Board on 1 September 2021. Sustainability MISC’s sustainability governance is key to ensuring that we continuously embed sustainability principles into our business strategy, decision making processes and operations. MISC’s Board of Directors sits at the apex of our sustainability governance structure and maintains strict oversight of the Group’s sustainability strategy and performance. The BGRC provides focused oversight on the effective implementation of the sustainability strategy. The Board and BGRC are supported by the Management Committee (MC), Sustainability Working Committees and Corporate Sustainability Team. In 2021, the Board launched the MISC Group Sustainability Strategy 2021 – 2025, which is underpinned by the three ESG pillars of Environment, Social and Governance, and complemented by the fourth Stakeholder Engagement Pillar. The fifth Financial Pillar was added as part of MISC’s financial sustenance to complete the Sustainability Strategy. For more information on MISC’s sustainability initiatives in 2021, please refer to the MISC Sustainability Report 2021. 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. A Whistleblowing structure to review and manage any whistleblowing reports is in place, which includes a whistleblowing framework and management process. The Chairman of the BAC is also the Chairman of the Whistleblowing Committee 1 (WBC 1). The WBC 1 reviews reports made against any member of Senior Management whereas the Whistleblowing Committee 2 (WBC 2) reviews reports made against any other employee of the Company. The Board, through the BAC, reviews whistleblowing reports on a quarterly basis. Appended below are MISC’s ethics and compliance initiatives in 2021: Policies and Procedures Revised Policies • Whistleblowing Policy • Anti-Bribery Corruption Policy Statement New Procedures • Compliance Management Framework • Conflict of Interest Management Procedure • Notification and Reporting Procedure • Grievance Mechanism Procedure Revised Procedures • Third Party Compliance Due Diligence Operational Guidelines • Raid Protocol • CoBE for Third Parties Others / Advisory • Modern Slavery Statement FY2021/2022 • Implementation of Corporate Privacy Policy • Sanctions / Competition-related analysis Communication and Training See.Speak.Support • Conduct Contrary to Serve Diligently • Bribery & Corruption at Sea • Misuse of MISC Corporate ICT Assets • Human Rights in Business Context (MISC and PETRONAS) Code of Conduct and Business Ethics (CoBE) • CoBE Training for Third Party Service Providers • CoBE Training and Refresher Courses for MISC Board members and employees • Training on Critical Laws: » Anti-Bribery and Corruption Manual » Personal Data Protection and Privacy Compliance » Third Party Risk Management » Sanctions » Competition Law MISC Berhad 242 Integrated Annual Report 2021 MISC Berhad Integrated Annual Report 2021 243
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