CORPORATE GOVERNANCE

At Denholm YAM, we position Corporate Governance as one of our most important management focuses. Seeking to realize sound corporate growth and development while also giving consideration to all our stakeholders, we work constantly to establish and ensure the efficient functioning of optimal management systems. We are committed to maintain globally accepted standards of corporate governance and business integrity. Our Corporate Governance framework aims to achieve an efficient allocation of resources and clear mechanisms for setting strategies and targets, in order to maximize and protect stakeholder interests. Denholm YAM strives to attain this goal by defining clear and efficient decision-making processes, fostering a climate of performance and accountability among managers and employees alike, and aligning employees’ remuneration with the long-term interests of stakeholders.

COMMITMENT TO ETHICAL BEHAVIOUR

The good reputation of our company is based on the excellence of its services and the respect of ethics in the conduct of business. Our ethical policy and procedures provide a binding framework for our employees and our stakeholders. They are a means of reaffirming the values of Denholm Yam to be shared and respected on a daily basis.

CORPORATE LEADERSHIP

The management team are experienced and have deep knowledge of the respective business and the industry. They embody the company’s high performance culture and uphold our corporate values while leading the attainment of our business objectives. Our corporate governance standards that promote the principles of integrity, transparency, and accountability will protect and likely enhance our stakeholder value. We believes in good business practices, transparency in corporate financial reporting, and the highest levels of corporate governance are essential components of the success.

RISK MANAGEMENT PRACTICES

WHISTLEBLOWING POLICY

ETHICAL POLICY STATEMENT

Given the region’s concerted emphasis on economic security, the concept of ‘whistleblowing’ has assumed an increased importance in the laws of the Middle East. We recognize the pivotal role played by employees in highlighting wrongdoing coming into focus, and the view that whistleblower protection enhance confidence in stakeholders and promote good corporate governance, by gaining an increasing acceptance among the interested parties.

Our Senior Management are responsible for the integration of risk management into key business planning processes. Every year, the management team assesses the risks faced by the Company and the adequacy of existing measures. To enable better decision-making responding to risks, the Company employs a comprehensive, integrated approach to identifying and articulating the risks to the business. This involves the active participation of various management levels throughout the company. This risk assessment process is supported by our Enterprise Risk Management (ERM) model. Our risk categorization process take into account of both “External” and “Internal” foreseeable risks.

HEALTH & SAFETY

Denholm Yam is committed to conducting its business in a manner that protects the health and safety of all employees, suppliers, customers, visitors and the public. We are committed to maintain a culture that fosters the development of a safe, efficient and environmentally sound workplace. We will comply with all applicable legal and statutory, requirements, standards requirements and apply reasonable standards where laws and regulations do not exist. Our governing Integrated Management System encompasses all aforementioned requirements.

Our Principles

Leadership, demonstrated through high expectations and personal ownership, responsibility and accountability for HSE performance.
Accountability, displayed by each employee by complying with applicable statutory and regulatory regulations. Employees will adhere to Denholm yam HSE policies & procedures.
Performance, promoted through effective consultation with people on a daily basis to achieve excellence.
Excellence, advanced through genuine care and compassion for our fellow humans and the environment leading to a strong Safety culture.
Culture, fostered through interpersonal relationships, teamwork and common beliefs; communicated repeatedly, consistently and accurately.
We are committed to promote and assure workplace safety and health while reducing workplace incidents, injuries and illnesses. We had ensured our compliance through various means, including inspections, consultation services, education, awareness campaigns, and cooperation with Regulatory agencies.

We are committed to utilizing our resources effectively to ensure that we maximize our effectiveness in HSE by assuring:

No accidents at worksites.
No harm to people.
No damage to the environment.
No damage to Denholm yam or Customer assets.
Leadership.

All Denholm staff members and interested parties shall have the RIGHT and the RESPONSIBILITY to STOP WORK without fear of reprisal for any activity that are considered to be an imminent danger (i.e. any condition or behavior that could reasonably be expected to cause an injury, ill health or an environmental harm).

OCCUPATIONAL HEALTH & SAFETY POLICY

QUALITY

Denholm YAM is committed to excel the needs and expectations of its valued customers and all interested parties by providing them with best value in products and services through a system of continual improvement. Our best value proposition includes the price, performance, quality, service and support we offer our customers.

Since the inception of our establishment, our commitment to the quality of our products and services has been one of the principal objective of our management system. We sustain to maintain this commitment every day.

The quality of our products and services are sustained by meeting the following objectives:

Optimizing the process by planning ahead for reducing delivery lead times.
Continually improving our manufactured products by continues analysis of the process involved.
Continuous monitoring of the product quality and service quality.
Embracing the technological advancement in the industry.
Maintaining a high level customer satisfaction as our fundamental objective.

QUALITY POLICY

ENV. & SOCIAL RESPONSIBILITY

Corporate Social Responsibility (CSR)

Corporate Social Responsibility (CSR), that is to say the adoption of a sustainable and responsible entrepreneurial practice, is an integral part of the corporate strategy and of the way Denholm YAM conceive the way of doing business. Operating in a responsible and sustainable manner is important to us. While we run our business in line with the expectations of diverse global stakeholders, we also see corporate responsibility as a discipline that helps us manage risks and maximize on the opportunities available to us in a changing world.

We are committed to understand, monitor and manage our social, environmental and economic impact to enable us to contribute to society’s wider goal of sustainable development. This commitment is deeply ingrained in our core values and we aim to demonstrate these responsibilities through our actions and within our corporate policies.

Denholm YAM is committed to protecting the health and safety of all individuals affected by our activities, including our employees, contractors and the public. Denholm YAM will provide a safe and healthy working environment, and will not compromise the health and safety of any individual. Our goal is to have no accidents and mitigate impacts on the environment by working with our stakeholders, peers and others to promote responsible environmental practices and continuous improvement.

Denholm YAM is committed to environmental protection and stewardship. Denholm YAM recognizes that pollution prevention, biodiversity and resource conservation are key to a sustainable environment, and will effectively integrate these concepts into its business decision-making. All employees and contractors are responsible and accountable for contributing to a safe working environment, for fostering safe working attitudes, and for operating in an environmentally responsible manner.

Social Aspects

Respecting fundamental human rights of our employees, those in our value chain, and the communities in which we operate.
Avoid negative impacts on the living conditions, livelihoods, and land tenure of communities.
Prohibit forced labour and child labour, prohibit discrimination, prohibit, and combat sexual harassment and support the freedom of association as welfare committee, the right to collective bargaining of workers.
Ensure reasonable working conditions and terms of employment, Protection for migrant, contract or temporary workers, Clean and appropriate accommodations.
Non-discrimination in hiring, promotion and compensation practices, Training, tools, and opportunities for advancement.
Transparent process for receiving and resolving worker and contracted workers and Community complaints.
Extension of labor policies to labor contractors, recruiting agencies and other third parties.
Develop clear and open communication channels between Management, employees, third party suppliers and communities in which we operate.
Extension of policies and monitoring of supply chain with respect to child labor, forced labor and worker safety to supply chain.
Establish and promote best practices in our operations to ensure continual improvement of our social performance.
Ensure that anyone who works for and on behalf of us including among other employees, suppliers, service providers and contractors is responsible for demonstrating acceptable environmental behaviors and reporting potential environmental and social risks.
Responsible sourcing throughout our value chain, all of our suppliers are required to adhere to company values and sign up to our Suppliers ‘Code of Conduct’.
Giving the utmost respect to and positively engaging with the local communities in which we operate.

CORPORATE SOCIAL RESPONSIBILITY (CSR) POLICY

ENVIRONMENTAL AND SOCIAL POLICY

IN COUNTRY VALUING (ICV)

ADNOC IN-COUNTRY VALUE PROGRAM

ADNOC’s ICV program was launched in January 2018 designed to encourage private-sector partnerships and opportunities resulting from the ADNOC’s 2030 growth strategy, catalyze socio-economic development, improve knowledge transfer and generate employment opportunities for UAE nationals. It reinforces ADNOC’s unwavering commitment to supporting local businesses and its role in driving economic diversification and GDP growth.

Denholm Yam remain committed to the development of the UAE economy through an optimised In-Country Value (ICV) program. We are delighted to be working together with ADNOC to implement this program. We strive for continuous improvement of ICV processes, procedures, execution and benchmarks in an efficient and sustainable manner.

EXTERNAL GRIEVANCES

The Denholm Yam External Grievance Mechanism provides a platform for individuals or organisations to submit grievances, about perceived or real instances of wrong or unfair treatment. All grievances will be reviewed by the Denholm Yam management committee, who will seek to find a fair, timely and objective resolution.

Grievances can be lodged by any individual or organisation that is relevant to Denholm Yam, meaning individuals from Denholm Yam, members or their business partners, service providers or stakeholders, including those with a formal mandate to represent individuals or communities directly affected by Denholm Yam activities and operations.The grievant should be able to provide information that is:

• Related to Denholm Yam services, their members and/or services providers.

• Factual and evidence-basedGrievances along supporting documents can be submitted to Grievances@dy.ae