Notes to the Financial Statements 30 June 2008 - Abterra

Corporate GovernanceThe Group has outsourced the internal audit function. At least once a year, the internal audit team will closelyexamine and evaluate the internal control systems of all major operating entities in accordance with the audit planas approved by the Audit Committee. The internal audit team will report to the Audit Committee on any materialnon-compliance and internal control weaknesses, and will recommend improvements, where necessary. TheAudit Committee oversees and monitors the implementation of any improvements thereto.Communications with ShareholdersPrinciple 14 - Regular, Effective and Fair Communication With ShareholdersThe Company takes a serious view of maintaining full and adequate disclosure, in a timely manner, of materialevents and matters concerning its business. All the necessary disclosures are made in public announcements,press releases and annual reports to shareholders.The Company’s website at www.abterra.com.sg also provides up-to-date information on the Group and itsbusinesses.Corporate GovernancePrinciple 15 - Shareholders Participation at Annual General MeetingsThe annual general meeting of the Company provides a principal forum for dialogue and interaction withshareholders. Members of the Board and the Company’s external auditors are present to address questionsraised by shareholders at Annual General Meetings.The Articles of Association of the Company provides for voting in person at the Annual General Meetings of theCompany.Issues or matters requiring shareholders’ approval are tabled in the form of separate and distinct resolutions.Dealing in SecuritiesThe Company has adopted an internal code on dealings in securities to govern dealings in its shares by thedirectors and the key employees of the Group. This internal code is modeled on the Best Practices Guide of theSGX-ST relating to dealings in securities and has been disseminated to the directors and the key employees ofthe Group.ABTERRAAnnual Report 200829