21
A N N U A L R E P O R T 2 0 1 6
CORPORATE
GOVERNANCE
DISCLOSURE TABLE FOR ANNUAL REPORT IN COMPLIANCE WITH THE CODE OF CORPORATE GOVERNANCE 2012 AND CATALIST
RULES
The Board of Directors (the ¡°
Board
¡±) of Old Chang Kee Ltd. (the ¡°
Company
¡± and together with its subsidiaries, the ¡°
Group
¡±) are committed to
maintaining high standards of corporate governance and places importance on its corporate governance processes and systems so as to ensure
greater transparency, accountability and maximisation of long-term shareholder value.
This report outlines the Company¡¯s corporate governance practices that were in place during the financial year ended 31 March 2016 (¡°
FY2016
¡±),
with specific reference made to the principles of the Code of Corporate Governance 2012 (the ¡°
Code
¡±). This report adopts the question-and-
answer format of the disclosure guide developed by the Singapore Exchange Securities Trading Limited (the ¡°
SGX-ST
¡±) in January 2015
(the ¡°
Guide
¡±).
Guideline
Code and/or Guide Description Company¡¯s Compliance or Explanation
General
(a) Has the Company complied
with all the principles and
guidelines of the Code?
The Company has complied with the principles and guidelines as set out in the Code,
where applicable.
If not, please state the specific
deviations and alternative
c o r po r a t e
go v e r n a n c e
practices adopted by the
Company in lieu of the
recommendations in the Code.
Appropriate explanations have been provided in the relevant sections below where there
are deviations from the Code.
(b) In what respect do these
a l t e r n a t i v e
c o r p o r a t e
governance practices achieve
the objectives of the principles
and conform to the guidelines
of the Code?
Not applicable. The Company did not adopt any alternative corporate governance
practices in FY2016.
