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STAMFORD LAND CORPORATION LTD
DIRECTORS’ REPORT
4 CONTRACTUAL BENEFITS OF DIRECTORS
Since the beginning of the financial year, except as disclosed in the accompanying financial statements
and in this report, no director of the Company has received or become entitled to receive a benefit by
reason of a contract made by the Company or a related corporation with the director or with a firm of which
he is a member, or with a company in which he has a substantial financial interest.
5 OPTIONS EXERCISED
During the financial year, there were no shares of the Company or any subsidiaries in the Group issued by
virtue of the exercise of an option to take up unissued shares.
6 UNISSUED SHARES UNDER OPTION
At the end of the financial year, there were no unissued shares under option.
7 AUDIT AND RISK MANAGEMENT COMMITTEE (“ARMC”)
The members of the ARMC at the date of this report are as follows:
Mrs Lim Hwee Hua
(Chairman)
Dr Tan Chin Nam
Mr Mark Anthony James Vaile
Mr Douglas Owen Chester
The ARMC carried out its functions in accordance with Section 201B(5) of the Singapore Companies Act,
the SGX listing manual and the Code of Corporate Governance. Among others, it performed the following
functions:
•
Reviewed with the independent external auditors their audit plan;
•
Reviewed with the independent external auditors their evaluation of the Company’s internal accounting
control, and their report on the financial statements and the assistance given by the Company’s officers
to them;
•
Reviewed with the internal auditors the scope and results of the internal audit procedures;
•
Reviewed the financial statements of the Group and the Company prior to their submission to the
directors of the Company for adoption; and
•
Reviewed the interested person transactions (as defined in Chapter 9 of the Listing Manual of SGX).
