Communication with Shareholders
In line with continuous disclosure obligations of the Company, pursuant to the SGX-ST Listing Manual and the Singapore Companies Act, Chapter 50 (the Act), the Board's policy is that Shareholders are informed of all major developments of the Group.
Information shall be communicated to Shareholders on a timely basis. Where there is inadvertent disclosure made to a selected group, the Company will make the same disclosure publicly as soon as practicable (CCG 2005, Guideline 14.2). Communication is made through:
- annual reports that are prepared and issued to Shareholders. The Board makes every effort to ensure that the annual report includes all relevant information about the Group, including future developments and other disclosures required by the Act and Singapore Financial Reporting Standards;
- quarterly results announcements comprising a summary of the financial information and affairs of the Group for the relevant period;
- notices of and explanatory memoranda for annual general meetings and extraordinary general meetings;
- press and analyst briefings for the Group's financial results as well as other briefings, as appropriate;
- press releases on major developments of the Group;
- disclosures to the SGX-ST; and the Group's website at http://www.parkwayholdings.com at which Shareholders can access information on the Group.
In addition, Shareholders are encouraged to attend the AGM to ensure a high level of accountability and to stay informed of the Group's strategy and goals. The AGM is the principal forum for dialogue with Shareholders. The chairpersons of the Audit & Risk Management Commitee, Nominating Committee and/or Remuneration Committee shall be present and available to address questions at general meetings. The external auditor shall also be present to assist the directors in addressing any relevant queries by Shareholders (CCG 2005, Guideline 15.3).
The notice of the AGM is despatched to Shareholders, together with explanatory notes or a circular on items of special business, at least 16 days before the meeting. The Board welcomes questions from Shareholders who have an opportunity to raise issues either informally or formally before or at the AGM (CCG 2005, Guideline 15.1).
Each item of special business included in the notice of the meeting is accompanied, where appropriate, by an explanation for the proposed resolution. Separate resolutions are proposed for substantially separate issues at the meeting (CCG 2005, Guideline 15.2).
Full report of The Corporate Governance Statements is available in PDF for your reading.
