FY 2011 Annual Report - Sheng Siong
FY 2011 Annual Report - Sheng Siong
FY 2011 Annual Report - Sheng Siong
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Material Contracts<br />
<strong>Sheng</strong> <strong>Siong</strong> <strong>Annual</strong> <strong>Report</strong> <strong>2011</strong><br />
Corporate Governance<br />
Save as disclosed above, no other material contracts, which involve the interests of any Director and/or<br />
controlling shareholder, were entered into by the Group during <strong>FY</strong><strong>2011</strong>.<br />
(D) COMMUNICATION WITH SHAREHOLDERS<br />
Principle 14: Companies should engage in regular, effective and fair communication with shareholders.<br />
Principle 15: Companies should encourage greater shareholder participation at AGMs, and allow shareholders<br />
the opportunity to communicate their views on various matters affecting the company.<br />
The Company endeavours to maintain regular, timely and effective communication with its shareholders. The<br />
Company disseminates all price-sensitive information to its shareholders on a non-selective basis. Quarterly<br />
and annual financial results are published through the SGXNET and press releases.<br />
All shareholders receive the Company’s annual report and notice of AGM. The notice of AGM is also advertised<br />
in the newspaper. The Company welcomes the views of shareholders on matters concerning the Group and<br />
encourages shareholders’ participation at AGMs. All Directors, including the Chairman of each of the AC, NC<br />
and RC, and Management are in attendance at the general meetings to allow shareholders the opportunity to<br />
air their views and ask Directors or Management questions regarding the Group. The external auditors are also<br />
invited to attend the AGMs to assist the Directors in answering queries relating to the conduct of the audit and<br />
the preparation and content of the auditors’ report.<br />
Dealings in securities<br />
The Company has adopted an internal policy on dealings in the Company’s securities, which is in line with the<br />
requirements of the Listing Manual.<br />
The Directors and the Company’s officers are prohibited from dealing in securities of the Company during the<br />
periods commencing two (2) weeks before the release of the quarterly results and at least one (1) month before<br />
the release of full year results and at all times.<br />
The Directors and the Company’s officers are also expected to observe insider-trading laws at all times even<br />
when dealing in securities within a permitted trading period.<br />
Directors and officers are also prohibited from dealing in the Company’s securities on short-term<br />
considerations.<br />
Statement of Compliance<br />
The Company has generally complied with the principles and guidelines of the Code.<br />
Utilisation of proceeds from IPO<br />
Unless otherwise defined, all capitalised terms used in this section shall have the meanings ascribed to them<br />
in the prospectus of the Company registered by the Monetary Authority of Singapore on 4 August <strong>2011</strong>.<br />
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