Fraser & Neave Holdings Bhd Sustainability Report 2021

CORPORATE GOVERNANCE GRI Index : GRI 102-16, GRI 205-3 Key Policies F&N’s governance system is supported by various policies and frameworks to ensure that relevant controls are established, and our processes are working as intended. F&N supports the UN Guiding Principles on Business and Human Rights, International Labour Organisation (ILO) guidelines, Thailand’s Labour Protection Act and Malaysia Employment Act 1955, and have extended these guidelines and legal requirements in our internal policies. The Board sets good principles of ethics and values for the Group, sets appropriate tone-from-the-top and desired organisational culture, ensures proper accountability within the Group and seeks to ensure that obligations to shareholders and other stakeholders are understood and met. The F&N Code of Business Ethics & Conduct holds principles upheld by F&N related to integrity, respect and excellence. This Code is communicated to our employees by email and is also made available on our intranet. It requires an annual acknowledgement and declaration to be completed by employees to disclose possible conflicts of interest with F&N, and the annual declaration is reviewed with new employees as part of their induction programmes. During the reporting year, training was delivered to F&NHB executives on issues includes risk management, ESG, anti-bribery, whistle-blowing and business ethics. F&N is also an apolitical company, and does not contribute in any way to any political party or activity. Policies are also communicated through F&N’s internal mobile app, intranet and training sessions. Any violation of Code can be reported via these mechanisms: 1 Email to [email protected] or 2 Email to [email protected] or 3 Any reporting mechanism provided in existing F&NHB’s policies publicly reported breaches of the code of conduct publicly reported case of corruption and bribery 0 0 We recognise our duty to pay annual tax to the government based on our income. We have policies and procedures to guide our tax management, ensuring compliance with all applicable standards, laws and regulations in the countries where we operate. Our tax management strategy is aligned with our business strategy and based on sound commercial considerations. F&N has established principles governing our tax policies and related tax practices which have been the result of a longstanding F&N experience and reviewed annually. These tax policies and related tax practices allow F&N’s business to be conducted according to its core business plans and in accordance with the law. The tax policies and related tax practices of F&NHB are set out as below: • Tax Compliance • Transfer Pricing • Tax Management • Relationship with Tax Authorities GRI 205-3 Confirmed incidents of corruption and actions taken There is no incident of corruption in the year. PERFORMANCE List of Policies • Anti-Bribery and Anti-Corruption Policy (ABC Policy) • Code of Business Ethics Conduct • Code of Business for Third Parties • Corporate Donation & Sponsorship Policy • Environment, Safety & Health Policy • Fraud Control Policy • Halal Policy • Human Rights Policy • Supplier Code of Practice • Whistleblowing Policy Read the codes and policies here. Read our “Tax Strategy” here. 046 RESPONSIBLE BUSINESS PRACT ICE