SGX Rulebooks
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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