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