Baker Technology Limited
TheAC isof theview that the internal auditorshaveadequate resources toperform its functions
and is independent of the activities that it audits.
DuringFY2016, the IAcompleted an internal audit reviewof theGrouponkeyprocesses such
asERM, production efficiency, projectmanagement and inventorymanagement. Thefindings
and recommendations of the IA,Management’s responses andManagement’s implementations
have been reviewed and approved by theAC.
SHAREHOLDERSRIGHTSANDRESPONSIBILITIES
Principle 14: ShareholderRights
The Group recognises the importance of maintaining transparency and accountability to its
shareholders. The Board ensures that all the Company’s shareholders are treated fairly and
equitably and the rights of all investors, includingnon-controlling shareholders are protected.
Shareholders are informedof any changes in theGroup’s business that are likely tomaterially
affect the value of the Company’s shares.
TheGroup ensures that shareholders have theopportunity toparticipate effectively in andvote
at generalmeetings. The link toSGX-ST’s investor guides “An Investor’sGuide toPreparing
forAnnualGeneralMeetings” and “An Investor’sGuide toReadingAnnualReports”has been
included on the Company’s website under “Investor Relations” with the aim of providing
further assistance to shareholders in their investment activities.
The Company’s Constitution allows all shareholders to appoint up to two proxies to attend
general meetings and vote on their behalf. In the case of shareholders who are relevant
intermediaries such as corporations holding licences in providing nominee and custodial
services andCPFBoardwhich purchases shares on behalf of CPF investors, they are entitled
to appointmore than twoproxies pursuant toCompanies (Amendment)Act 2014which came
into force on 3 January 2016.
Principle 15: Communicationwith Shareholders
The Company is committed to engaging its shareholders and the investing community and
providing pertinent and accurate information about the Company in an effective, fair and
timelymanner. TheCompanyhas put inplace an InvestorRelationsPolicy that promotes this.
The Company does not practice selective disclosure. All material information including
quarterly results announcements, are disclosed regularly and in a timelymanner via SGXNet
and the Company’s website. The Chairman of the Board, Mr LimHo Seng, spearheads the
Investor Relations team which comprises the Executive Directors and key management
personnel. Management takes an active role in communications with shareholders and the
investing community to address their queries or concerns and to update them on the latest
corporate developments.
The Company’s website at
is the key resource of information to
shareholders. Among other things, it contains corporate announcements, media releases,
financial results, presentations and annual reports. The Company’s shareholders can contact
the Company via the Company’s website (under Contact Us).
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Sustainability
