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Download PDF - Keppel Land

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Investor Relations<br />

Maintaining High Standards of<br />

Corporate Governance<br />

In the wake of the Enron debacle and the exit of the<br />

California Public Employees’ Retirement System<br />

(Calpers) from several countries in the region citing<br />

reasons including lack of transparency, there have<br />

been calls for higher standards of corporate disclosure<br />

and governance to protect shareholders.<br />

As one of the largest Singapore-listed property<br />

companies, and a component stock on the Morgan<br />

Stanley Capital Index Singapore Free and the<br />

Straits Times Index (STI), <strong>Keppel</strong> <strong>Land</strong> is mindful of its<br />

responsibilities to its shareholders, which include<br />

Singapore and overseas investors.<br />

People Count<br />

38<br />

As part of the STI, <strong>Keppel</strong> <strong>Land</strong> also became a<br />

component stock of the STI tracker fund or exchangetraded<br />

fund called streetTracks which started trading<br />

on the Singapore Exchange in April 2002.<br />

Apart from holding interim and full year results briefings,<br />

top management adopts an open door policy and<br />

meets up with analysts and fund managers regularly.<br />

In addition, management has presented updates on<br />

the Company’s strategy at investor conferences and<br />

meetings overseas. In 2001, management met with<br />

fund managers and shareholders in the Netherlands<br />

and Hong Kong.<br />

Director, Corporate Services, Choo Chin Teck, receives the Grand Award<br />

from Senior Minister of State Tharman Shanmugaratnam.<br />

Recognition for Efforts<br />

The Company’s efforts at corporate disclosure have<br />

been recognised by several reputable organisations. In<br />

January 2002, <strong>Keppel</strong> <strong>Land</strong> took the Grand Award for<br />

the second year in running at the Annual Report Award<br />

competition which judges the standards of voluntary<br />

disclosure, among other criteria. The Grand Award is<br />

given to a company whose annual report wins the best<br />

award for the third consecutive year.<br />

This is the eighth time that the Company has won the<br />

Grand Award in the 28 years that the competition has<br />

been held. The competition, which aims to raise<br />

standards of timely and high standards of disclosure<br />

and presentation, is organised by the Institute of<br />

Certified Public Accountants of Singapore, the<br />

Singapore Institute of Management, the Singapore

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