Baker Tech AR 2018 Full (28 Mar 2019)

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recognised professional bodies
including the Standards for the
Professional Practise of Internal
Auditing of the Institute of
Internal Auditors.
The AC reviews and approves the
internal audit plan and reviews
the scope and results of internal
audit procedures issued by the IA.
During FY2018, the IA completed
an internal audit review of
the Group on key processes
such as production efficiency,
workplace safety and health,
human resources and payroll
management and general control
environment. The findings and
recommendations of the IA,
Management’s responses and
implementations have been
reviewed and approved by
the AC.
SHAREHOLDERS RIGHTS AND
RESPONSIBILITIES
Principle 14:
Shareholder Rights
The Group recognises the
importance of maintaining
transparency and accountability
to its shareholders. The
Company endeavours to treat all
shareholders fairly and equitably
and the rights of all investors,
including non-controlling
shareholders are protected.
Shareholders are informed of any
changes in the Group’s business
that are likely to materially affect
the value of the Company’s
shares.
The Group ensures that
shareholders have the
opportunity to participate
effectively in and vote at
general meetings. The relevant
rules including the voting
procedures are set out in the
notice of general meetings.
The link to SGX-ST’s investor
guides “An Investor’s Guide to
Preparing for Annual General
Meetings” and “An Investor’s
Guide to Reading Annual
Reports” 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 and CPF Board which
purchases shares on behalf of
CPF investors, they are entitled
to appoint more than two
proxies pursuant to Companies
(Amendment) Act 2014
which came into force on
3 January 2016.
Principle 15:
Communication with
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 timely
manner. The Company has put in
place an Investor Relations Policy
that promotes this.
The Company does not practice
selective disclosure. All material
information including quarterly
results announcements, are
disclosed regularly and in a
timely manner via SGXNet and
the Company’s website. The
Chairman of the Board, Mr
Lim Ho Seng, spearheads the
Investor Relations function
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).
Sustainability
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B A K E R T E C H N O L O G Y
L I M I T E D