Name of Directors Training Attended Presenter/Organiser Date (1) Wan Shamilah Wan Muhammad Saidi 1. Introduction to Climate Related Disclosures EY/PETRONAS 22 March 2022 2. Introduction to Taskforce for Climate Related Financial Disclosures – Financial Management, Disclosures and Practical Applications Verisk Maplecroft/ PETRONAS 11-12 April 2022 3. Offshore Floating Production Market Rystad Energy/ MISC Berhad 9 June 2022 4. Ship Trends and Technology Developments Lloyd’s Register/ MISC Berhad 10 June 2022 5. Russia Sanctions and Potential Implications to MISC Steptoe & Johnson HK LLP/MISC Berhad 13 June 2022 6. Offshore Wind & Renewables Market Development IHS Markit/ MISC Berhad 13 June 2022 7. Geopolitical Risks Facing The Marine Environment Willis Towers Watson/ MISC Berhad 22 June 2022 8. The Future of Seafarers in the Decade of Transformation DNV/MISC Berhad 23 June 2022 9. Global Energy Markets Outlook and Trends PETRONAS/ MISC Berhad 28 June 2022 10. Sustainable Finance University of Cambridge 12 October-12 December 2022 11. MISC Group Directors' Training FY2022 MISC Berhad 12 December 2022 (2) Captain Rajalingam Subramaniam 1. MISC Berhad's Integrated Annual Report 2021 (IAR2021) Plan MISC Berhad 28 January 2022 2. Finance Lease Accounting Treatment for MERO 3 Project EY/MISC Berhad 30 March 2022 3. Gas and LNG carrier markets outlook Wood Mackenzie/ MISC Berhad 7 June 2022 4. Offshore Wind & Renewables Market Development IHS Markit/ MISC Berhad 13 June 2022 5. Global Energy Markets Outlook and Trends PETRONAS/ MISC Berhad 28 June 2022 6. International Directors Program – Certificate in Corporate Governance INSEAD November 2022 (1) Cik Wan Shamilah Wan Muhammad Saidi was appointed to the MISC Board on 1 June 2022. (2) Captain Rajalingam Subramaniam was appointed as President/Group CEO of MISC on 1 October 2022. Sustainability MISC’s sustainability governance is key to ensuring that sustainability principles are embedded into our business strategy, decision making processes and operations. MISC’s Board of Directors 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 Management Committee (MC), Sustainability Working Committees and Corporate Sustainability Team. In 2022, the Board had approved the following carbon targets and commitment for the MISC Group: • Medium-term: 50% Greenhouse Gas intensity reduction by 2030; and • Long-term: Net zero Greenhouse Gas emissions by 2050. Pursuant thereto, MISC has embarked on various sustainability initiatives to achieve its medium and long-term carbon targets and commitment. For more information on MISC’s sustainability initiatives in 2022, please refer to the MISC Sustainability Report 2022. 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 2022: Policies and procedures New Procedures • LCSC Corporate Data Privacy Procedure Revised Procedures • Third Party Compliance Due Diligence Operational Guidelines Revised Advisory • Annual Regulatory and Legislation Register review and update • MISC Group Compliance and Ethics Survey 2022 • Modern Slavery Statement 2022 • Advisories and reviews of compliance clauses related to the following Critical Legal Areas: » Ethics and Integrity » Personal Data Protection » Sanctions » Export Control » Competition » Human Rights and Modern Slavery CORPORATE GOVERNANCE OVERVIEW STATEMENT 189 188 Governance Governance MISC Berhad Integrated Annual Report 2022
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