DIVIDEND POLICY
In considering the level of dividend payments, the Board takes into account various factors, including the level
of cash available, the return on equity and retained earnings and set aside a certain percentage of the Group
net operating profits attributable to shareholders for payment of dividend.
DEALINGS IN SECURITIES
In line with the rules of the Listing Manual of the SGX-ST, the Company has in place a policy and guidelines
on dealings in the securities of the Company. This policy and guidelines restrict Directors and employees from
trading in the Company’s securities during the period falling two weeks before the announcement of the
Company’s financial statements for each of the first three quarters of its financial year and one month before
the announcement of the Company’s full year financial statements.
Additionally, Directors and employees of the Company are also reminded to be mindful of the insider trading
prohibitions and ensure that their dealings in securities do not contravene the laws on insider trading under
the Securities and Futures Act, and the Companies Act. The policy and guidelines also remind employees and
Directors of the Group that they should not deal in the Company’s securities on short term considerations.
Directors are required to report to the Company Secretary whenever they deal in the Company’s shares and the
Company Secretary will make the necessary announcements.
INTERESTED PERSON TRANSACTION POLICY
In general, the Company has established procedures to ensure that all Interested Person Transactions will be
undertaken on an arms’ length basis and on normal commercial terms, which are generally no more favourable
than those extended to unrelated third parties and will thus not be prejudicial to the interests of the Company
and the shareholders.
The Company has adopted an internal policy in respect of any transactions with interested persons and has
procedures established for the review and approval of the Company’s interested person transactions.
I N N O T E K L I M I T E D
A N N U A L R E P O R T 2 0 1 5
32
CORPORATE
GOVERNANCE REPORT
