Property - Guthrie GTS Ltd

More documents

Recommendations

Info

Corporate Information Board of Directors Mr Putra Masagung Non-Executive Chairman Mr Ben Yeo Chee Seong Group Managing Director Mr Harry Ong Kim Seng Deputy Group Managing Director Mr Ong Kin Bee Executive Director Mr Michael Leong Choon Fai Executive Director Dr Albert Hong Hin Kay Independent Director Mr Giam Chin Toon Independent Director Mr Philip Tan Yuen Fah Independent Director Mr Hartono Gunawan Non-Executive Director Mr Tan Hang Huat Non-Executive Director Mr Ernest Seow Teng Peng Independent Director Executive Committee Mr Ben Yeo Chee Seong Committee Chairman Mr Harry Ong Kim Seng Mr Ong Kin Bee Mr Michael Leong Choon Fai Audit Committee Mr Giam Chin Toon Committee Chairman Dr Albert Hong Hin Kay Mr Philip Tan Yuen Fah Nomination Committee Dr Albert Hong Hin Kay Committee Chairman Mr Putra Masagung Mr Giam Chin Toon Remuneration Committee Dr Albert Hong Hin Kay Committee Chairman Mr Giam Chin Toon Mr Philip Tan Yuen Fah Company Secretaries Mr Koh Yau Chai Mr Jerome Jansen Independent Auditor PricewaterhouseCoopers LLP 8 Cross Street #17-00 PWC Building Singapore 048424 Partner-in-charge of the audit: Mr Tan Boon Chok (with effect from financial year 2009) Share Registrar Boardroom Corporate & Advisory Services Pte. Ltd. 50 Raffles Place #32-01 Singapore Land Tower Singapore 048623 Tel: 6536 5355 Fax: 6536 1360 Registered Office 1 Fifth Avenue #02-06/07 Guthrie House Singapore 268802 Tel: 6466 2555 Fax: 6466 9447 Website: www.guthrie-gts.com 24
Corporate Governance Statement The Board of Directors (the “Board”) of Guthrie GTS Limited (the “Company”) is committed to maintaining a standard of corporate governance, transparency and disclosure of material information throughout the Company and its subsidiaries (the “Group”), consistent with the Singapore Code of Corporate Governance 2005 (the “Code”). This report describes the Company’s corporate governance practices with reference to the principles of the Code. A BOARD MATTERS The Board’s Conduct of Affairs Principle 1 Every company should be headed by an effective Board to lead and control the company. The Board is collectively responsible for the success of the company. The Board works with Management to achieve this and the Management remains accountable to the Board. 1. The principal functions of the Board are to: a ) set, review or approve corporate strategies, annual budgets, financial plans and monitor the performance of the Group; b ) review the adequacy and integrity of internal controls, including financial, operational and compliance controls and risk management systems of the Group, with the aid of the Audit Committee; c ) ensure the Group’s compliance with laws, regulations, policies, directives, guidelines and internal code of conduct; d ) consider and approve the nominations and recommendations of suitable candidates to the Board; e ) ensure accurate, adequate and timely reporting, and communication with shareholders; and f ) assume responsibility for corporate governance. 2. Matters which are specifically reserved for the Board’s consideration and decision include, but are not limited to, strategic corporate planning, material acquisitions and disposals of assets, corporate or financial restructuring, declaration of dividends and interested person transactions. 3. To assist the Board in the execution of its duties, the Board has delegated specific responsibilities to board committees, namely, the Executive Committee, the Audit Committee, the Nomination Committee and the Remuneration Committee. Each Committee has the authority to review and examine issues relevant to their terms of reference and where appropriate, to make recommendations to the Board for action. The ultimate responsibility for decisions on all matters still rests with the Board. The Executive Committee comprises of the four executive directors: Executive Committee Mr Ben Yeo Chee Seong Mr Harry Ong Kim Seng Mr Ong Kin Bee Mr Michael Leong Choon Fai Committee Chairman Member Member Member Guthrie GTS Limited Annual Report 2010 25
Page 1 and 2: Guthrie GTS Limited Annual Report 2
Page 3 and 4: Property Major developments include
Page 5 and 6: 1 1. nex, the largest shopping mall
Page 7 and 8: The Leisure Division as a whole, pe
Page 9 and 10: ALBERT HONG HIN KAY Independent Dir
Page 11 and 12: Guthrie GTS Group Operations Struct
Page 13 and 14: Operations Review Property The Divi
Page 15 and 16: 1. 1 1. Greeting the ‘Rabbit’ y
Page 17 and 18: 1 1. Tiong Bahru Plaza, Singapore 2
Page 19 and 20: Operations Review Engineering Despi
Page 21 and 22: Complementing our core engineering
Page 23 and 24: Operations Review Leisure The Leisu
Page 25: 1 1. Novotel Vientiane, Laos 2. Ind
Page 29 and 30: 4. Information about the Company an
Page 31 and 32: Access to Information Principle 6 I
Page 33 and 34: The remuneration of the top five ke
Page 35 and 36: (v) the scope and results of the in
Page 37 and 38: Guthrie GTS Limited (Incorporated i
Page 39 and 40: Directors’ interests in shares or
Page 41 and 42: Share options (continued) (f) Excep
Page 43 and 44: Statement by Directors In the opini
Page 45 and 46: Opinion In our opinion, the consoli
Page 47 and 48: Consolidated Statement of Comprehen
Page 49 and 50: The Group The Company Note 2010 200
Page 51 and 52: Attributable to equity holders of t
Page 53 and 54: Note 2010 2009 $’000 $’000 Net
Page 55 and 56: 2. Significant accounting policies
Page 71 and 72: 3. Critical accounting estimates, a
Page 73 and 74: 5. Expenses by nature The Group Not
Page 75 and 76: 8. Income tax expense The Group 201
Page 77 and 78:
10. Significant related party trans
Page 79 and 80:
12. Trade and other receivables - c
Page 81 and 82:
15. Derivative financial instrument
Page 83 and 84:
15. Derivative financial instrument
Page 85 and 86:
18. Deposits and prepayments The Gr
Page 87 and 88:
20. Financial assets, available-for
Page 89 and 90:
22. Investments in joint ventures (
Page 91 and 92:
24. Investment properties The Group
Page 93 and 94:
25. Property, plant and equipment (
Page 95 and 96:
25. Property, plant and equipment (
Page 97 and 98:
26. Deferred income taxes (continue
Page 99 and 100:
27. Trade and other payables - curr
Page 101 and 102:
28. Borrowings (continued) (c) Fair
Page 103 and 104:
31. Other payables and liabilities
Page 105 and 106:
33. Revaluation and other reserves
Page 107 and 108:
35. Dividends At the forthcoming An
Page 109 and 110:
38. Segment information (continued)
Page 111 and 112:
38. Segment information (continued)
Page 113 and 114:
40. List of joint ventures Principa
Page 115 and 116:
41. List of subsidiaries (continued
Page 117 and 118:
42. Investment properties (continue
Page 119 and 120:
43. Financial risk management (cont
Page 121 and 122:
Page 123 and 124:
Page 125 and 126:
Page 127 and 128:
Page 129 and 130:
45. New or revised accounting stand
Page 131 and 132:
SUBSTANTIAL SHAREHOLDERS (As shown
Page 133 and 134:
B Special Business To consider and,
Page 135 and 136:
EXPLANATORY NOTES TO SPECIAL BUSINE
Page 137 and 138:
Proxy Form 42 nd Annual General Mee
Page 139 and 140:
a C2 Design Studio production
show all

Property - Guthrie GTS Ltd

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?