Past version: Effective up to 31 Dec 2004
Principle:
14 Companies should engage in regular, effective and fair communication with shareholders.
Guidance Notes:
14.1 Companies should regularly convey pertinent information, gather views or inputs, and address shareholders' concerns. In disclosing information, companies should be as descriptive, detailed and forthcoming as possible, and avoid boilerplate disclosures.
14.2 Companies should disclose information on a timely basis. Where there is inadvertent disclosure made to a selected group, companies should make the same disclosure publicly to all others as soon as practicable. This could be through the use of modern technology such as Internet websites.
Principle:
15 Companies should encourage greater shareholder participation at AGMs, and allow shareholders the opportunity to communicate their views on various matters affecting the company.
Guidance Notes:
15.1 Shareholders should have the opportunity to participate effectively and to vote in AGMs. They should be allowed to vote in person or in absentia, and equal effect should be given to votes whether cast in person or in absentia. In this regard, companies are encouraged to make the appropriate provisions in their articles of association to allow for absentia voting methods such as by mail, email, fax, etc, if the shareholders so consent.
15.2 There should be separate resolutions at general meetings on each distinct issue.
15.3 The chairpersons of the audit, nomination and/or remuneration committees should be present and available to address questions at general meetings. The external auditors should also be present to assist the directors in addressing any relevant queries by shareholders.
Members of the Corporate Governance Committee
Chairman: | Mr Koh Boon Hwee Chairman, Singapore Telecommunications Ltd |
Members: | Mr Basil Chan Chief Financial Officer, Datacraft Asia Ltd Mr Daniel Chan Chairman, Investment Management Association of Singapore and Managing Director, UOB Asset Management Ltd Mr Chew Heng Ching Chairman & President, Singapore Institute of Directors Ms Candice Koederitz Chief Executive Officer, Morgan Stanley Dean Witter Asia (Singapore) Pte [until end of Dec 2000] Dr Mak Yuen Teen Associate Professor, Deputy Head, Department of Finance and Accounting, National University of Singapore Mr Richard Price Partner, Shearman and Sterling Ms Juthika Ramanathan Registrar, Registry of Companies and Businesses Mr Teng Cheong Kwee Executive Vice President, Singapore Exchange Ltd [until end of Sep 2000] and Council Member of Singapore Institute of Directors COL (NS) David Wong Group Managing Director, Wearnes Technology Pte Ltd Mr Lawrence Wong Head, Investment Management Division, OCBC Ltd Ms Yeo Lian Sim Assistant Managing Director (Capital Markets), Monetary Authority of Singapore |
Secretariat: | Mr Mohammad Nizam bin Ismail Senior Assistant Director, Monetary Authority of Singapore Mr Neo Boon Sim Assistant Director, Monetary Authority of Singapore Miss Lynn Hew Ooi Lyn Officer, Monetary Authority of Singapore Miss Tan Li See Assistant Vice President, Singapore Exchange Ltd |