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STAMFORD LAND CORPORATION LTD
CORPORATE GOVERNANCE STATEMENT
The ARMC is given full access to, and receives full cooperation from management. The ARMC has
full discretion to invite any Director or management staff to attend its meetings. It is empowered to
investigate any matters relating to the Group’s accounting, auditing, internal controls and financial
practices that are brought to its attention.
Dealings in Company’s Securities
The Group has complied with the best practices in dealings in securities, as set out in the Listing Manual.
In this regard, the Group has issued and implemented internal guidelines, to provide appropriate
guidance to Directors and staff on dealings in the Company’s securities. All Directors and staff of the
Group are not allowed to trade in the Company’s securities during the two weeks before the release
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trading laws at all times, are also reminded not to deal in the Company’s securities on short-term
considerations, or whilst in possession of unpublished material price-sensitive information.
Principle 13: Internal Audit
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which reports to the Chairman of the ARMC on audit matters. Nexia plans the internal audit program
which includes a review of the Group’s risks assessments and the effectiveness of the Group’s material
internal controls to address the identified risks. This is done in consultation with, but independent of
the management.
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to undertake its activities independently and objectively.
Nexia performs detailed work to assist the ARMC in the evaluation of the Group’s operational,
compliance and legal, financial, investment and information technology controls based on an internal
audit plan approved by the ARMC. Any material non-compliance or weakness noted in internal controls,
including recommendations for improvements, are reported to the ARMC. The ARMC also reviews the
effectiveness of actions taken by management in response to recommendations made by Nexia.
