CORPORATE GOVERNANCE STATEMENT
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Principle 14: Shareholder Rights
Principle 15: Communication with Shareholders
Principle 16: Conduct of Shareholder Meetings
Corporate Strategy and Communications Committee
The CSCC of the Company comprise the following members:
Leow David Ivan
Chairman, Independent Director
Sim Soon Ngee Glenndle
Member, Executive Chairman and Chief Executive Officer
Wong Boon Huat
Member, Executive Director
The primary role of the CSCC is to assist the Board in discharging its responsibilities to shareholders
through:
a)
The development and oversight of the Group’s corporate strategy by reviewing the strategic plans
and initiatives that management shall be responsible for, including the setting of annual and multi-
year goals and proposed major corporate and business initiatives of the Group, including financial
and capital market activities and;
b)
The communication as appropriate of the Group’s corporate strategy and initiatives to external
stakeholders, including current and potential investors, business partners, financial institutions and
intermediaries, media and the public.
The CSCC reviews and provides recommendations to management and the Board with respect to the
Group’s corporate strategy and external communications. The CSCC also assists management and
the Board with the review of individual proposals made by management as required by the Board as
appropriate.
The Company’s corporate governance practices are designed to promote the fair and equitable treatment
to all shareholders. To facilitate shareholders’ ownership rights, the Company ensures that all material
information is disclosed on a comprehensive, accurate and timely basis via SGXNET, especially information
pertaining to the Group’s business development and financial performance which could have a material
impact on the share price of the Company, so as to enable shareholders to make informed decisions about
the Company.
.
The Board also endeavours to maintain regular, timely and effective communication with Shareholders
and investors. Full year and quarterly results and information on material matters required by the Listing
Rules are promptly disseminated to Shareholders through announcements made via the SGXNET followed
by a news release. Such releases are also made available for future viewing on the Company’s website at
.
The Board welcomes the view of Shareholders on matters affecting the Group. Shareholders are
informed of meetings through notices published in the newspapers and reports or circulars sent to all
Shareholders.
The Company takes steps to engage investors or shareholders and solicit and understand the views of
the shareholder through various corporate presentations where the Company briefs shareholders and
other relevant stakeholders on its financial performance and business. Time is set aside for a Question &
Answer session at every briefing.
At general meetings, Shareholders are given the opportunity to pose any questions to the Directors or
management relating to the Group’s business or performance. The general meeting is the principal forum
for any dialogue the shareholders may have with the Directors and management of the Company. It is the
Company’s policy that all Directors, including the Chairman of the AC, NC, RC and CSCC as well as the
Independent Auditor are present at the general meetings to receive shareholder feedback and address
shareholders’ queries.
