OVERVIEW PERFORMANCE SUSTAINABILITY FINANCIALS APPENDIX Regulators Regulations (Examples) Accounting and Corporate Regulatory Authority • Business Names Registration Act 2014 National Environment Agency • Code of Practice on Environmental Health (“COPEH”) • Energy Conservation Act 2012 • Environmental Protection and Management Act 1999 • Environmental Public Health Act 1987 • Infectious Disease Act 1976 • Resource Sustainability Act 2019 • Smoking (Prohibition in Certain Places) Act 1992 • Carbon Pricing Act 2018 Ministry of Manpower • Employment Act 1968 • Employment Claims Act 2016 • Employment (Part-Time Employees) Regulations 1996 • Workplace Safety and Health (WSH) Act 2006 • Work Injury Compensation Act 2019 Urban Redevelopment Authority • Housing Developers (Control and Licensing) Act 1965 • Housing Developers (Anti-Money Laundering and Terrorism Financing) Rules 2023 Workplace Safety and Health Council • Code of Practice for Workplace Safety and Health Singapore Civil Defence Force • Fire Safety Act 1993 • Fire Code Relevant Laws for Properties in China • Law of the People’s Republic of China on Work Safety • Law of the People’s Republic of China on Prevention and Control of Occupational Diseases • Labour Law of the People’s Republic of China • Law of the People’s Republic of China on Promotion of Employment • Emergency Response Law of the People’s Republic of China • Environmental Protection Law of the People’s Republic of China • Fire Protection Law of the People’s Republic of China • Law of the People’s Republic of China on Energy Conservation • Law of the People’s Republic of China on Foreign Investment • Company Law of the People’s Republic of China • Water Pollution Prevention and Control Law of the People’s Republic of China Relevant Laws for Eldercare in China • Civil Code of the People’s Republic of China • Law on the Protection of the Rights and Interests of the Elderly of the People’s Republic of China • Guidelines on Administration of Eldercare Institutions • National Standards on Specifications for Service Safety of Eldercare Institutions • National Standards on Specifications for Service Quality of Eldercare Institutions • Food Safety Law of the People’s Republic of China • Food Hygiene Law of the People’s Republic of China Table 7: List of Regulators and Applicable Regulations Holdings’ risk management strategies. More details on Perennial Holdings’ CG practices can be found on pages 129 to 138 of the CG section of the Annual Report. To keep up with the dynamic business landscape, the Risk Management Team conducts an annual review of the Perennial Holdings’ identified risks and collaborates with relevant departments to implement mitigative actions if necessary. For more details on Perennial Holdings’ key risks, please refer to pages 142 to 144 of the Risk Management section of the Annual Report. Perennial Holdings is guided by the principles and provisions of the Code of Corporate Governance 2018. The Company consistently produces its CG report promptly within the Annual Report. Compliance with Laws and Regulations GRI [3-3] [2-27] Ensuring regulatory compliance in all business operations is critical for preserving Perennial Holdings’ operational licenses across all markets. Given its diverse business portfolio across multiple cities, Perennial Holdings gives high importance to understanding and following all local regulations concerning the environment, labour practices, health and safety. Non-compliance could adversely affect the Company’s reputation, lead to penalties, hinder growth strategies or even disrupt its operational abilities. Therefore, Perennial Holdings has established a robust compliance framework to ensure regulatory requirements are met in all countries of operation. Perennial Holdings sees compliance as a shared responsibility across different functions and engages with the regulatory bodies shown in Table 7. To continuously maintain compliance with relevant regulations, all functions are expected to keep abreast of any regulatory changes or updates by participating in relevant compliance training and seminar sessions organised by regulatory organisations. The Company’s Legal department also offers support if additional assistance or advice is required. The Risk Management Team will report any known incidences of noncompliance to the Board every quarter. To date, Perennial Holdings has achieved its target of maintaining zero cases of noncompliance since FY2018 and will continue to upkeep this positive performance. 125 ANNUAL REPORT 2023
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