Annual Report 2016
CORPORATE
GOVERNANCE
REPORT
DividendPolicy
TheCompany does not have a formal policy on dividend distribution.
Principle 16:Conduct of ShareholderMeetings
TheBoardsupportsandencouragesactiveshareholderparticipationatgeneralmeetings.TheCompany’s
Constitutionallowsallshareholders toappointup to twoproxies toattendandvoteonhis/herbehalfand
aproxyneednot beamember of theCompany.Voting inabsentiabymail, email or faxhasnot been
implementeddue to concerns relating to issues of authenticationof shareholder identity information
andother related security issues.
TheCompany’sprincipal forumof dialoguewith shareholders takesplaceat itsgeneralmeetings.At
thesemeetings,shareholdersaregiven theopportunity toexpress theirviewsandaskquestionsregarding
theCompanyand theGroup.AllDirectors, inparticular theChairmanof theBoardandChairpersonsof
BoardCommittees,and theexternalauditorsarepresentandavailable toaddressshareholder’squestions.
Minutesof theAGMarepreparedandavailableuponrequest,which includessubstantivecommentsor
queries from theshareholdersand responses from theBoardandManagement.TheCompanyensures
that everymatter requiringapproval isproposedas a separate resolution.
Forgreater transparencyand toallow for amoreefficient voting system, theCompanyhasemployed
electronic poll voting for all resolutions put at theAGM since 2016. The results of each resolution
including thenumberofvotesfor,oragainsteachresolutionare instantaneouslydisplayedat themeeting
andannouncedviaSGXNet after theAGM.
DEALINGS INSECURITIES
The Group has adopted an internal guideline on dealings in the securities of the Company by
the Directors, officers and employees of the Company and its subsidiaries. The Group issues
quarterly reminders toDirectors, officers and employees on the restrictions in dealings in shares
of the Company during the period commencing two weeks before the announcement of the
Company’s financial results for each of the first three quarters of its financial year; and one
month before the announcement of theCompany’s full year financial results, and ending on the
date of the announcement of the relevant results. Directors and officers are also reminded not to
trade in securities of theCompany at any timewhile inpossessionof unpublishedprice sensitive
informationand to refrain fromdealing in theCompany’s securitieson short-termconsiderations.
In addition, theDirectors andManagement are expected toobserve the insider trading laws at all
timeswhen dealing in securitieswithin permitted trading period.
ADDITIONAL INFORMATION
InterestedPersonTransactionPolicy
All interested person transactions are subject to review by theAC.
SUSTAINABILITY
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Sustainability
