FRENCKEN GROUP LIMITED
ANNUAL REPORT 2015
33
SHAREHOLDERS RIGHTS AND RESPONSIBILITIES
Principle 14 Companies should treat all shareholders fairly and equitably, and should recognise, protect and
facilitate the exercise of shareholders’ rights, and continually review and update such governance
arrangements.
Principle 15 Companies should actively engage their shareholders and put in place an investor relations policy
to promote regular, effective and fair communication with shareholders.
Principle 16 Companies should encourage greater shareholder participation at general meetings of shareholders,
and allow shareholders the opportunity to communicate their views on various matters affecting
the company.
The Company does not practise selective disclosure. In line with continuous obligations of the Company pursuant to the
Singapore Exchange’s Listing Rules, the Board’s policy is that all shareholders should be equally informed of all major
developments impacting the Group.
Information is disseminated to shareholders on a timely basis through:
• Company’s corporate website
• SGXNET announcements and news releases
• Annual Report prepared and issued to all shareholders
The Company has a dedicated investor relations team which focuses on facilitating communications with shareholders and
analysts on a regular basis and attending to their queries or concerns. The Company also conduct presentation to analyst
and investors to keep the market and investors apprised of the Group’s corporate development and financial performance.
At the Company’s Annual General Meetings, shareholders are given the opportunity to express their views and direct
questions to Directors and management regarding the Company. The Chairman of the Audit, Remuneration and Nominating
Committees will normally be present at Annual General Meetings and other general meetings of shareholders to assist the
Board in addressing shareholders’ questions. The External Auditors are also invited to attend the Annual General Meeting
to assist the Directors in answering any queries relating to the conduct of the audit and the preparation and content of the
auditors’ report.
The Company's Constitution currently allows a shareholder to appoint up to two proxies to attend and vote at general
meetings. On 3 January 2016, the legislation was amended, among other things to allow certain shareholders, defined
as "relevant intermediary" under Section 181(1C) of the Companies Act, Chapter 50, to attend and participate in general
meetings without being constrained by the two-proxy requirement. Relevant intermediary includes holding licences in
providing nominee and custodial services and CPF Board which purchases shares on behalf of the CPF investors.
Resolutions to be passed at general meetings are always separate and distinct in terms of issue and are consistent with the
Code’s recommendation that companies avoid ‘bundling’ resolutions unless the resolutions are interdependent and linked
so as to form one significant proposal.
All resolutions are put to vote by polls which are conducted in the presence of independent scrutineers. The detailed results
of the poll voting showing the number of votes casted for and against each resolution and the respective percentages are
published instantaneously at the general meeting.
The Company is not implementing absentia voting methods such as voting by mail, facsimile or e-mail until authentication
of shareholders identity information and other related security issues are satisfactorily resolved.
CORPORATE GOVERNANCE STATEMENT
(CONT’D)
