50
STAMFORD LAND CORPORATION LTD
4. COMMUNICATION WITH SHAREHOLDERS
Principle 14: Shareholder Rights
Principle 15: Communication with Shareholders
The Company places great emphasis on regular, effective and open communication with our shareholders.
The announcements of the Group’s results and material developments are released through SGXNET to the
SGX’s website in a timely manner to ensure fair disclosure of information.
All shareholders receive the annual report and the notices of shareholders’ meetings. The notices for such
meetings are also advertised in a local newspaper and made available on SGXNET. Shareholders are given
the opportunity to participate effectively and vote at general meetings of the Company, where relevant rules
and procedures governing the meetings are clearly communicated. The chairpersons of the various board
committees and the external auditors are invited to be present at the general meetings, to address any
queries from the shareholders.
In considering the level of dividend payments, the Board takes into account various factors including:
•
The level of available cash for its working capital;
•
The return on equity and retained profits; and
•
Projected levels of capital expenditure and other investment plans.
Principle 16: Conduct of Shareholder Meetings
General meetings are held in Singapore. At such meetings, shareholders of the Company are given the
opportunity to air their views and ask the directors questions regarding the Company.
For each substantially separate issue, the Company adopts separate resolution instead of “bundling”
resolutions unless the issues are interdependent and linked.
All directors are present at general meetings to address any questions that shareholders may have.
Minutes of general meeting are prepared accordingly and made available to shareholders upon their request.
The Company has adopted voting by poll for all resolutions this year.
CORPORATE GOVERNANCE STATEMENT
