Annual Report 2012 - singapore land limited

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Singapore Land Limited - Annual Report 2012
DIRECTORS’ REPORT
For the fi nancial year ended 31 December 2012
Share options
There were no options granted in respect of unissued ordinary shares of the Company or any subsidiary during the
fi nancial year.
No shares have been issued during the fi nancial year by virtue of the exercise of options to take up unissued ordinary
shares of the Company or any subsidiary.
There were no unissued ordinary shares of the Company or any subsidiary under option at the end of the fi nancial year.
Audit committee
The Audit Committee comprises three non-executive directors, namely, Yang Soo Suan (Chairman), James L. Go and
Alvin Yeo Khirn Hai, majority of whom including the Chairman, are independent directors.
The Audit Committee carried out its functions in accordance with Section 201B(5) of the Companies Act. At a series
of meetings convened during the twelve months up to the date of this report, the Audit Committee reviewed reports
prepared respectively by the external and the internal auditors and approved proposals for improvements in internal
controls. The announcement of quarterly and full year results, the fi nancial statements of the Group and the Independent
Auditor’s Report thereon for the full year were also reviewed prior to consideration and approval of the Board.
Independent auditor
The independent auditor, PricewaterhouseCoopers LLP, has expressed its willingness to accept re-appointment.
On behalf of the directors
WEE CHO YAW
Director
LIM HOCK SAN
Director
8 February 2013