61 Annual Report 2024 REPORT ON CORPORATE GOVERNANCE SHAREHOLDER RIGHTS AND ENGAGEMENT Shareholder rights and conduct of general meeting Principle 11 Engagement with shareholders Principle 12 Engagement with Stakeholders Principle 13 The shareholders of the Company have the opportunity to participate effectively and to vote at the Company’s AGM and any other general meetings. The Company has employed electronic polling since 2014. An independent scrutineer firm is also present to validate the votes at each general meeting. The results of all votes for and against each resolution is tallied and instantaneously displayed at the meeting. The voting results are announced via SGXNet following each general meeting. Shareholders are allowed to vote in person or by proxy if they are unable to attend the Company’s AGM. The Company’s Constitution allows a shareholder to appoint not more than two proxies to attend and vote in the shareholder’s place at the general meetings of shareholders. The proxy need not be a Member of the Company. Pursuant to the introduction of the multiple proxies regime under the Singapore Companies (Amendment) Act 2014, indirect investors who hold SGX shares through a nominee company or custodian bank or through a CPF agent bank may attend and vote at each general meeting of shareholders. Currently, the Company’s Constitution does not allow for shareholders to vote at general meetings in absentia. Information on general meetings will be disseminated through notices in the annual report or circulars, sent to all shareholders; announced on SGXNet; and advertised in local newspapers. The Company’s website at www.cse-global.com also provides updated information to shareholders and investors on its corporate development. The Company ensures that all material and price sensitive information which may affect the price or value of the Company’s shares is promptly disseminated to the public on a comprehensive, accurate and timely basis via SGXNet and is not selectively disclosed. On the rare occasion when such information is inadvertently disclosed to a select group, the Company will make the same disclosure publicly to all others as soon as practicable. There are separate resolutions at the general meetings on each distinct issue. All shareholders receive the Annual Report and the notice of AGM. The notice of AGM is also released via SGXNet, published in local newspapers and uploaded on the corporate website. At each general meeting, each distinct issue is proposed as a separate resolution. At the general meetings, shareholders are given the opportunity to air their views and direct questions to the Board on any matter relating to the Group’s business and operations or the resolutions tabled at the meeting. At each AGM, the CEO delivers a presentation to update shareholders on the Group’s performance over the past year. Directors and senior management are present at general meetings to address shareholders’ queries. The external auditors are also present at the AGMs of the Company to address queries about the conduct of audit and the preparation and content of the Auditors’ Report. The Company Secretary prepares minutes of general meetings, which incorporate substantial comments or queries from shareholders and responses from the Board and Management. These minutes are made available to shareholders on the Company’s website. Following the amendments to Rule 705(2) of the Listing Rules which came into effect from 7 February 2020, the Company is no longer required to release the Group’s unaudited financial statements on a quarterly basis. After due deliberation, the Board decided not to continue with quarterly reporting of the Group’s financial results and instead, release financial reports on a halfyearly basis. To supplement the half-year and full year financial reports which continue in the existing format prescribed by the Listing Rules, the Company has been providing business and financial updates for the Group’s first and third quarter performance. In addition, the Company conducts quarterly briefings with analysts based on the business and financial updates which are posted on SGXNet. At such briefings, Management openly communicates the Group’s financial and operational performances, business growth strategies as well as general business updates.
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