REPORT ON CORPORATE GOVERNANCE
15. Strategy Committee
The members of the Strategy Committee at the date of this report comprise the following Directors :-
Non-executive Independent Directors:
Tan Hien Meng – Chairman
LimMing Seong
Lam Kwok Chong
The Strategy Committee was formed on 11 February 2015 and held its first meeting on the same date. Its primary function is to
provide assistance to the Board in the strategic direction of the Group by fostering in-depth discussions and consideration of the
Group’s long-term vision and strategy with senior management.
16. Communication with Shareholders
The shareholders of the Company have the opportunity to participate effectively and to vote at the Company’s Annual General
Meeting. They are allowed to vote in person or by proxy if they are unable to attend the Company’s Annual General Meeting.
There are separate resolutions at the general meetings on each distinct issue.
As part of the Company’s effort to provide regular, effective and fair communication with the shareholders of the Company, the
Board has adopted and commenced quarterly reporting of the Group’s operating and financial performance via SGXNET and
the press with effect from 2002. In addition to the above, the Managing Director conducts a briefing in respect of the Group’s
operating and financial performance for the financial year just ended to the shareholders of the Company during the Annual
General Meeting of the Company.
17. Securities Transactions
The Company has adopted and issued an internal compliance code entitled “Code of Best Practice on Securities Transactions
by Officers” to the Officers of the Group. The internal compliance code set out a code of conduct to provide guidance for the
Officers of the Group on their dealings with the Company’s securities, as well as the implications of insider trading.
The Company has advised its Directors and all key executives not to deal in the Company’s shares during the period commencing
two weeks prior to the announcement of the Company’s financial results for the first three quarters of the financial year, onemonth
prior to the announcement of full-year results and ending on the date of the announcement of the results. The Company has also
reminded its Directors and officers not to deal in the Company’s securities on short-term considerations.
The Company has complied with its Best Practices Guide on Securities Transactions.
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ANNUAL REPORT 2014
