OVERVIEW PERFORMANCE SUSTAINABILITY FINANCIALS APPENDIX 131 ANNUAL REPORT 2024 practices, accepting gifts or engaging in insider trading. Furthermore, all employees are expected to treat their colleagues with respect and any form of discrimination or harassment will not be tolerated. It is the responsibility of the department heads to ensure that their teams adhere to this Code. Although the Code of Conduct is not publicly available, it has been endorsed by and remains under the purview of the Chief Executive Officer and Management. The Whistleblowing Policy offers guidance and a channel for employees to report any grievances or suspected illicit activities within the Company. This ensures that critical concerns are communicated to the Board, allowing for timely and appropriate action to be taken. The Whistleblowing Policy, which comes directly under the oversight of the Board, is accessible to all stakeholders, including employees, service providers and business partners. Stakeholders are encouraged to report any suspicions of malpractice, with assurances that the identities of whistleblowers will be protected throughout any subsequent investigations. For further details on this Policy, please visit https://www.perennialholdings.com/ whistle-blowing-policy.html. Perennial Holdings’ Policy on AntiMoney Laundering and Countering the Financing of Terrorism and procedures include risk assessment and mitigation procedures, customer due diligence, reporting suspicious transactions and record-keeping. The Policy outlines a risk-based approach to due diligence, specifying when to conduct simplified or enhanced due diligence and detailing the necessary forms to be completed. An escalation chain of command is established to guide the handling of suspected cases of money laundering and financing of terrorism. Regular training sessions are conducted to ensure employees are kept up-to-date on relevant regulations. These policies and procedures are circulated to Management and all employees annually, serving as a yearly reminder of the expected standards of business conduct and the seriousness of policy violations. Updates to the policies and procedures are made where relevant and communicated to all employees accordingly. How does Perennial Holdings manage this? • Employee Code of Conduct • Employee Code of Ethics • Whistleblowing Policy • Policy on Anti-Money Laundering and Countering the Financing of Terrorism • Interested Person Transactions Policy • HSS • Full compliance with relevant laws and regulations in countries of operation Who at Perennial Holdings oversees this? • HR • Legal and Corporate Secretariat • Risk Management Team • Perennial Health and Safety Committee • Finance Team • Designated AML Officer Highlights of FY2024 • Annual Circulation of Company’s Employee Code of Conduct, Employee Code of Ethics and Whistleblowing Policy Relevant UN SDG In FY2024, Perennial Holdings is pleased to report that there were no reported cases of fraud, corruption or unethical behaviour. Corporate Governance GRI [3-3] The development of a strong corporate governance culture and effective internal controls is essential for fostering economic growth, as it enhances investor confidence and bolsters the Company’s reputation. Since its inception, Perennial Holdings has prioritised the importance of good corporate governance through its annual corporate governance report and regular reviews of internal policies and guidelines. A comprehensive risk management system is embedded within the corporate governance framework to ensure that both actual and potential risks associated with Perennial Holdings’ business activities are diligently monitored and managed. This framework also takes sustainability risks into account, further enhancing the Company’s risk management strategies. More information on Perennial Holdings’ corporate governance practices can be found on pages 137 to 146 of the corporate governance section of the Annual Report. In response to the rapidly changing business landscape, the Risk Management Team conducts an annual review of the Company’s identified risks and works closely with relevant departments to implement necessary mitigative actions when required. For further information on the key risks faced by Perennial Holdings, please refer to pages 150 to 152 of the Risk Management section of the Annual Report. The Company is guided by the principles and provisions set forth in the Code of Corporate Governance 2018 and consistently ensures the timely production of its corporate governance report as part of the Annual Report.
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