TUNG LOK RESTAURANTS (2000) LTD / Annual Report
2016
29
Corporate Governance Report
SHAREHOLDER RIGHTS AND RESPONSIBILITIES
Principle 14: Shareholder Rights
Companies should treat all shareholders fairly and equitable, and should recognize, protect and facilitate the exercise of
shareholders’ rights, and continually review and update such governance arrangements.
14.1, 14.2 and 14.3
Company should facilitate
the exercise of ownership
rights by all shareholders;
Ensure all shareholders
have the opportunity to
participate and vote; Allow
corporations which provide
nominee or custodial
services to appoint more
than two proxies
The Group recognises the importance of maintaining transparency and accountability to its
shareholders. The Board ensures that all the Company’s shareholders are treated equitably
and the rights of all investors, including non-controlling shareholders are protected.
The Group is committed to provide shareholders with adequate, timely and sufficient
information pertaining to changes in the Group’s business which could have a material
impact on the Company’s share price.
The Group strongly encourages shareholder participation during the AGM which will be
held in a central location in Singapore, where relevant rules and procedures governing
the meetings are clearly communicated. Shareholders are able to proactively engage the
Board and Management on the Group’s business activities, financial performance and
other business related matters. All shareholders are entitled to vote in accordance with
the established voting rules and procedures. The Company will conduct poll voting for all
resolutions tabled at the general meetings.
The Company’s Constitution allows corporation holding licences in providing nominee and
custodial services and CPF Board which purchases shares on behalf of the CPF investors
(“
Relevant Intermediaries
”) to appoint more than two proxies to vote at the general
meetings.
Principle 15: Communication with Shareholders
Companies should actively engage their shareholders and put in place an investor relations policy to promote regular, effective
and fair communication with shareholders.
15.1 and 15.2 Company to
regularly convey pertinent
information to shareholders;
information should be
disclosed on timely basis
The Board is mindful of the obligation to keep shareholders informed of all major developments
that affect the Group in accordance with the Rules of Catalist. Price sensitive information is
publicly released via SGXNET.
Information is communicated to shareholders on a timely and non-selective basis through:
•
annual reports that are prepared and issued to all shareholders within the mandatory
period;
•
half-year and full-year financial statements containing a summary of the financial
information and affairs of the Group for the period, released via SGXNET;
•
public announcements via SGXNET;
•
press releases on major developments;
•
Company’s corporate website at
at which shareholders can access
information on the Group; and
•
notices of shareholders’ meetings advertised in a newspaper in Singapore.
