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Food Empire Holdings Limited Annual Report 2013
48
M) COMMUNICATION WITH SHAREHOLDERS
- Principle 15: Regular, effective and fair communication with shareholders
Price sensitive information is first publicly released via SGXNET before any meeting with any group of investors or analysts. Results are
announced within the mandatory period on a quarterly basis to SGX-ST.
At general meetings, the shareholders are given the opportunity to express their views and ask questions regarding the Group’s performance.
N) GREATER SHAREHOLDER PARTICIPATION
- Principle 16: Shareholders’ participation at AGMs
All shareholders (except those who own the shares through Nominees) of the Company will receive Annual Report, circulars and notices
of General Meeting of the Company. The notices are also advertised in newspapers and available at SGX-ST’s website. The Articles of
Association of the Company allow a member of the Company to appoint one or two proxies to attend and vote at all general meetings on
his/her behalf.
Resolutions to be passed at general meetings are always separate and distinct in terms of issue so that shareholders are able to exercise
their right to approve or deny the issue or motion. Shareholders can also exercise their right to vote in absentia by the use of proxies.
The Chairpersons of the AC, NC and RC are present and available to address questions at the AGM. The external auditors are also present
to assist the Directors in addressing any relevant queries by shareholders.
SUPPLEMENTARY INFORMATION FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2013 (SGX-ST LISTINGMANUAL REQUIREMENTS)
(i) Dealing in Securities
The Company has in place an internal policy prohibiting share dealings by Directors and officers of the Group while in possession of
unpublished material or price sensitive information during the period commencing one month prior to the announcement of the Company’s
annual result, and 2 weeks before the announcement of its quarterly results and ending on the date of the announcement of the relevant
results. Directors and officers of the Group are expected to observe the insider trading laws at all times even when dealing in securities
within the permitted trading period.
The Directors and officers of the Group are strongly discouraged to deal in the Company’s securities on short-term considerations.
During the financial year ended 31 December 2013, the Company has complied with the best practices on dealing in securities in accordance
with Rule 1207(19) of the SGX-ST Listing Manual.
(ii) Material Contracts
Other than those disclosed in the financial statements, the Company and its subsidiary companies did not enter into any material contracts
involving interests of the Directors or controlling shareholders and no such material contracts still subsist at the end of the financial year.
corporate governance