SHAREHOLDERS RIGHTS AND RESPONSIBILITIES
Principle 14 – Shareholders to be treated fairly and equitably
Principle 15 – Regular, effective and fair communication with Shareholders
Principle 16 – Greater shareholder participation at Annual General Meetings (“AGMs”)
The Company discloses to its shareholders pertinent information in a clear, forthcoming and timely manner on a
regular basis. The quarterly financial results are published through the SGXNET, news releases and the Company’s
corporate website. The Company also retained an investor relations firm to assist in its dissemination of material
information and organize press and analyst briefings. The Company has been holding analyst briefings after its
results announcement. The Company monitors the dissemination of material information to ensure that it is
made publicly available on a timely and non-selective basis.
The Company does not practice selective disclosure. Price-sensitive information is first publicly released through
SGXNET, either before the Company meets with any investors or analysts or simultaneously with such meetings.
The results are published through the SGXNET, news releases and the Company’s website and Share Investor. All
shareholders of the Company receive the annual report, and notice of AGM, which is held within four months
after the close of the financial year. The notice is also advertised in the newspapers. The annual report is also
available on the Company’s corporate website,
Whilst shareholders have a right to appoint up to two proxies to attend and vote at General Meetings on their
behalf, the Articles currently do not provide for shareholders to vote at General Meetings in absentia such as
by mail, email or fax. Such voting methods will need to be carefully reviewed for feasibility to ensure there is
no compromise to either the integrity of the information or the proper authentication of the identity of the
shareholders.
On 3 January 2016, the legislation was amended, among other things to allow certain members, defined as
“relevant intermediary” to attend and participate in general meetings without being constrained by the two-
proxy requirement. Relevant intermediary includes corporations holding licenses in providing nominee and
custodial services and CPF Board which purchases shares on behalf of the CPF investors.
At General Meetings, shareholders are given the opportunity to communicate their views on matters relating to
the Group, with the Board members, Board Committees, the Company Secretary as well as the external auditors
in attendance at the AGMs.
The minutes of general meetings, which include substantial comments or queries from shareholders and
responses from the Board are available to shareholders upon written request.
To promote greater transparency and effective participation, the Company has conducted the voting of all its
resolutions by poll at its general meetings. The detailed voting results, including the total number of votes cast
for or against each resolution tabled, were announced immediately at the general meetings and via SGXNET.
I N N O T E K L I M I T E D
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CORPORATE
GOVERNANCE REPORT
