32
ANNUAL REPORT 2015/2016
SHAREHOLDER RIGHTS AND RESPONSIBILITIES
Principle 14 : Shareholder Rights
Principle 15 : Communication with Shareholders
Principle 16 : Conduct of Shareholder Meetings
The Group is committed to treat all shareholders fairly and equitably to facilitate the exercise of the shareholders’
ownership rights and continually review and update such governance arrangements. The Group strives for timeliness and
transparency in its disclosures to the shareholders and the public and will continue to disseminate any price-sensitive
information on a comprehensive, accurate and timely basis through SGX-ST via SGXNET. Such information will be
simultaneously posted on our corporate website at
and investor portal,
The
Group has an internal investor relations team which contact and liaise with analysts and media upon release of its
quarterly financial results. An investor relations email account,
, led by the Group CFO, has
been set up to communicate with the analysts, media and shareholders.
Shareholders are invited to attend the general meetings to put forth any questions or share their views regarding the
proposed resolutions and the Group’s business and affairs. Shareholders are informed of shareholders’ meetings through
notices contained in annual reports or appendixes/circulars sent to all shareholders. In order to allow sufficient time
for shareholders to review, the Annual Report FY2015/2016, together with the Appendix and notice of Annual General
Meeting, are despatched to the shareholders at least 28 days in advance before the scheduled Annual General Meeting
date. These notices are also published in the Business Times and posted onto the SGXNET.
If any shareholder is unable to attend, the Constitution of the Company have made provisions for shareholders to appoint
a proxy or proxies to attend and vote on their behalf. The Company is, however, not implementing absentia voting
methods such as mail, e-mail or fax until the security, integrity and other issues have been addressed satisfactorily.
An email account,
, addressed to the Lead Independent Director has been set up to communicate
and solicit feedback from the shareholders.
At the shareholders’ meetings, separate resolutions are set for each distinct issue.
With effect from FY2013/2014 Annual General Meeting, the Company has put all resolutions to vote by poll. Shareholders
are allowed to vote in person or by proxy if they are unable to attend the Company’s Annual General Meeting.
The Board takes into consideration the Group’s financial performance, cash position, cash flow generated from operations
and other factors as the Board may deem appropriate in considering the form, frequency and amount of dividend
payments.
The Company did not declare any dividend during the financial year to the shareholders.
CORPORATE
GOVERNANCE REPORT
