Corporate Governance procedures include, but are not limited to, risk assessment and mitigation, customer due diligence, reporting of suspicious transactions and record keeping. Training is also conducted to ensure employees remain up to date on relevant regulations. Code of Conduct and Code of Ethics A formalised Code of Conduct and Code of Ethics, approved by the Board, have been adopted and implemented throughout the Group. The Code of Conduct applies to all employees and sets out the principles to guide the conduct of business activities, both internally and externally. The principles covered in the Code of Conduct include, among others, conflict of interests, entertainment and gifts, misuse of position, insider trading, and confidentiality. It also defines the procedures for employees to report any violation of the Code of Conduct. The Code of Ethics sets out the moral and ethical standards of behaviour that are expected of employees of the Group when dealing with customers, suppliers, other business associates and colleagues, as well as when discharging their duties as employees of the Group. Details of the Group’s Code of Conduct and Code of Ethics are posted on the Group’s website, which is accessible by all employees and stakeholders. ENGAGEMENT WITH STAKEHOLDERS Stakeholder Rights A dedicated investor relations and corporate communications (“IRCC”) team that reports to the Executive Chairman and CEO effectively executes the Group’s IRCC policy which is published on the Group’s website. The IRCC team focuses on facilitating effective communication with the media, members of the public and various stakeholders to keep them abreast of the Group’s strategic plans and key developments, where relevant. The IRCC team also maintains a website which contains information on the Company, including press releases, annual reports and sustainability reports. The contact details of the IRCC team are listed on the Group’s website and disclosed in this report to facilitate any queries and feedback from various stakeholders. The Group communicates strategic business plans and operating performance, shares latest corporate and industry developments with relevant stakeholders, as well as gathers their views and feedback on a range of strategic and topical issues, where necessary. Such interactions allow Management to understand and consider the views and feedback before formulating key strategic decisions. The Sustainability Summary Report, from pages 92 to 128 of this report, sets out the Group’s approach to addressing stakeholders’ concerns and methods of engagement and also highlights the key areas of focus in relation to the management of stakeholders. Interested Persons Transactions The Group has established a formal Interested Persons Transactions (“IPT”) Policy, which defines the levels and procedures to obtain approval for IPTs. The IPT Policy ensures that all transactions with interested persons are (i) conducted on normal commercial terms and are not prejudicial to the interests of stakeholders and (ii) properly approved by the respective approving authorities and reported in a timely manner to the Board. The IPT Policy is circulated to all departments in the Group. All departments are required to be familiar with the IPT Policy and to report any IPT to the Board for review. The Group also maintains a register of all IPTs entered into by the Group. As stipulated in the Group’s IPT Policy, Management presents the IPT register, which contains all transactions with interested persons and the relevant details of each transaction, to the Board regularly. 138 PERENNIAL HOLDINGS PRIVATE LIMITED
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