REPORT ON CORPORATE GOVERNANCE External Auditor The Board is responsible for the initial appointment of external auditor. Shareholders then approve the appointment at the Company’s AGM. The external auditor holds office until its removal or resignation. The ARC assesses the external auditor based on factors such as the performance and quality of its audit and the independence of the auditor, and recommends its appointment to the Board. Pursuant to the requirements of the Listing Rules, an audit partner may only be in charge of not more than of five consecutive annual audits and may then return after two years. Ernst & Young LLP (“EY”) has met this requirement, and the current EY’s audit partner for the Company took over from the previous audit partner with effect from the financial year ended 31 December 2024. In reviewing the nomination of EY for re-appointment for the financial year ending 31 December 2025, the ARC had considered the adequacy of the resources and experience of the audit engagement partners assigned to the audit, the size and complexity of the audit exercise for the Group, and the number and experience of the supervisory and professional staff assigned to the Group’s audit through a review of the curriculum vita of the EY audit team. The ARC had also considered the quality of discussions with the findings raised by EY, including the Audit Quality Indicators presented. On this basis, the ARC recommended the re-appointment of EY at the upcoming AGM of the Company. The Company has complied with Rules 712 and 715 of the Listing Rules in relation to the appointment of its auditor. 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. 58 CSE GLOBAL LIMITED
RkJQdWJsaXNoZXIy NTM2MDQ5