53
A N N U A L R E P O R T 2 0 1 6
CORPORATE
GOVERNANCE
Guideline
Code and/or Guide Description Company¡¯s Compliance or Explanation
(b) Is this done by a dedicated
investor relations team (or
equivalent)? If not, who
performs this role?
(c) How does the Company keep
shareholders informed of
corporate developments, apart
from SGXNET announcements
and the annual report?
In addition, if the need arises, the Company may organise media/analyst briefings to
enable a better appreciation of the Group¡¯s performance and developments, which will
also act as a platform to maintain regular dialogue with its shareholders as well as to solicit
and understand the views of shareholders and investors. Instead of a dedicated investor
relations team, the Company¡¯s CEO and Group Financial Controller are responsible for the
Company¡¯s communication with its shareholders.
Apart from the SGXNET announcements and its annual report, the Company updates
shareholders on its corporate developments through its investor relations webpage at
/.
15.5
Does the Company have a dividend
policy?
Is the Company is paying dividends
for the financial year? If not, please
explain why.
The Company does not have a fixed dividend policy. Nonetheless, key management
personnel will review,
inter alia
, the Group¡¯s performance in the relevant financial period,
projected capital needs and working capital requirements and make appropriate
recommendations to the Board on dividend declaration.
Details of dividends declared to shareholders in respect of FY2016 are set out on page 135
of the Annual Report.
CONDUCT OF SHAREHOLDER MEETINGS
16.1
16.2
16.3
16.4
16.5
How are the general meetings of
shareholders conducted?
The Board believes in encouraging shareholder participation at general meetings.
AGMs of the Company are a forum and platform for dialogue and interaction with all
shareholders. The Board welcomes shareholders¡¯ feedback and questions regarding the
Group at the AGMs. The Company requires all Directors (including the Chairman of the
Board and the respective chairmen of the Board Committees) to be present at all general
meetings of shareholders, unless due to exigencies. The EA is also required to be present
to address shareholders¡¯ queries about the conduct of audit and the preparation and
content of the independent auditor¡¯s report.
