ANNUAL REPORT 2014
43
OTHER GOVERNANCE PRACTICES
Investment Committee
The Investment Committee (“IC”) is headed by the Chairman of the Board and comprises two Executive Directors. The IC
meets bi-monthly to review the performance of the Group’s investments, funding requirements and key strategic issues of
each operating unit. As directed by the Board, the IC receives and reviews monthly the Group’s finances.
Interested Person Transactions
Management reports all interested person transactions to the AC. The Group does not have any general mandate from
shareholders pursuant to Rule 920 with regard to interested person transactions. The following are details of interested
person transaction during the year:
Name of Interested Person
Aggregate value of all Interested Person Transaction during 2014
(excluding transactions less than $100,000)
Wee Ee Lim
$787,200
During the financial year, Mr Wee who is a nominee director in an associated company, was granted shares options by an
associated company. Upon exercising the share options, the shares were sold to the Group at cost.
Material Contracts
Except as disclosed on page 91 (Note 22 - Related Party Transactions) of the Annual Report, there were no other material
contracts entered into by the Company or its subsidiaries involving the interests of the CEO, any director or controlling
shareholder of the Company.
Dealings in Securities
The Group adopts best practices with respect to dealings in securities set out in Rule 1207(19) of the Listing Manual of the
SGX-ST. It has a policy which prohibits its officers from dealing in the securities of the Company during the period commencing
two weeks before the announcement of the financial results for each of the first three quarters and one month before the
announcement of the full‑year results. The Company Secretary issues guidelines periodically to directors and employees to
remind them of the prohibitions in dealing with the Company’s securities on short-term considerations or while in possession
of material unpublished price-sensitive information, and to comply with the insider trading laws at all times. The Group
refrains from commenting in any way on the status of the current quarter’s financials and operations or giving guidance on
future earnings estimates, during the period before announcement of the financial results.
CORPORATE GOVERNANCE REPORT
(CONTINUED)
