page
57
Overview Our Business
Strategic Review
Corporate Governance
Financial Statements
Other Information
Summary of Principles / Recommendation
Status of
Compliance
(Yes / No)
Pages
of CG
Statement
3
Reinforce Independence
3.1 Undertake an assessment of its Independent Directors annually
Yes
51
3.2 Tenure of an Independent Director to not exceed a cumulative of nine years. Upon completion of
nine years, the Independent Director may continue to serve on the Board subject to the Director’s
re-designation as a Non-Independent Director
Not
applicable
3.3 Justify and seek shareholders’ approval in the event it retains an Independent Director who has
served for more than nine years
Not
applicable
3.4 Positions of Chairman and CEO should be held by different individuals, and the Chairman must be a
non-executive member of the Board
Yes
52
3.5 The Board must comprise a majority of Independent Directors where the Chairman of the Board is
not an Independent Director
Not
applicable
4
Foster Commitment
4.1 The Board should set out expectations on time commitment for Board members and protocols for
accepting new directorships
Yes
47
4.2 Ensure Board members have access to appropriate continuing education programmes
Yes
52
5
Uphold Integrity in Financial Reporting
5.1 Audit Committee should ensure financial statements comply with applicable financial reporting
standards
Yes
59
5.2 Audit Committee should have policies and procedures to assess the suitability and independence of
external auditors
Yes
60
6
Recognise and manage risks
6.1 The Board should establish a sound framework to manage risks and disclose in the annual report the
main features of the Company’s risk management framework and internal control systems
Yes
61 - 66
6.2 The Board should establish an internal audit function which reports directly to the Audit Committee
Yes
58
7
Ensure timely and high quality disclosure
7.1 The Board should ensure the Company has appropriate corporate disclosure policies and procedures
Yes
54
7.2 The Board should encourage the Company to leverage on information technology for effective
dissemination of information
Yes
47
8
Strengthen Relationship between Company and Shareholders
8.1 The Board should take reasonable steps to encourage shareholder participation at general meetings
Yes
54, 55
8.2 The Board should encourage poll voting
Yes
55
8.3 The Board should promote effective communication and proactive engagements with shareholders
Yes
54
Corporate Governance
