A N N U A L R E P O R T 2 0 1 6
54
CORPORATE
GOVERNANCE
Guideline
Code and/or Guide Description Company¡¯s Compliance or Explanation
The Company practises having separate resolutions at general meetings on each distinct
issue and will make available minutes of general meetings to shareholders upon their
requests.
All resolutions are put to vote by poll, and their detailed results showing the number
of votes cast for and against each resolution and the respective percentages will be
announced via SGXNET after the conclusion of the general meeting.
COMPLIANCE WITH APPLICABLE CATALIST RULES
Catalist
Rule
Rule Description
Company¡¯s Compliance or Explanation
712, 715 or
716
Appointment of Auditors
Ernst & Young LLP is the auditor of the Company and its Singapore incorporated subsidiary.
The overseas subsidiary and associated companies are not considered significant as
defined under Rule 718 of the Catalist Rules. Therefore, the Company is in compliance with
Rules 712 and 715 of the Catalist Rules in relation to its EA.
1204(8)
Material Contracts
Other than those disclosed in the Directors¡¯ Statement and the Financial Statements, the
Company and its subsidiary companies did not enter into any material contracts (including
loans) involving the interests of the Executive Chairman, CEO, Directors or controlling
shareholders which are either still subsisting as at the end of the financial year ended
31 March 2016 or if not then subsisting, entered into since the end of the previous financial
year.
1204(10)
Confirmation of adequacy of
internal controls
The Board and the AC are of the opinion that the internal controls are adequate to address
the financial, operational, compliance and information technology risks based on the
following:
(i)
internal controls and the enterprise risk management system established by the
Company;
(ii) work performed by the IA and EA;
