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COSCO Corporation (Singapore) Limited
All announcements will be disseminated via SGXNET timely in accordance with the Listing Manual. The Company currently
holds media and analyst briefings upon the release of its quarterly financial results. Management regularly receives visiting fund
managers to provide them an insight to the Company’s business and developments, as well as to better understand and address
their concerns. In addition to the media and analyst briefings, the Company has taken part in various road shows. This allows the
Board to understand the view of the shareholders about the Company.
The Company does not practise selective disclosure. Price-sensitive information is first publicly released via SGXNET, either
before the Company meets with any group of investors or analysts or simultaneously with such meetings. Subsequently, all
released announcements will be uploaded to the Company’s website at www.cosco.com.sg. Where there is inadvertent
disclosure made to a select group, the Company ensures it would make the same disclosure publicly to others as promptly as
possible.
All quarterly and full year results announcements, annual reports, dividend declaration and notice of book closure are
announced via SGXNET or issued within the prescribed period under Listing Manual.
DIVIDEND POLICY
The Company does not have a specific dividend policy. Nonetheless, the Management after reviewing the performance of the
Company in the relevant financial period will make appropriate recommendation to the Board. Any dividend declaration will be
communicated to shareholders via announcement through SGXNET.
The Board has recommended a first and final tax-exempt (one-tier) dividend of S$0.01 per ordinary share for the financial year
ended 31 December 2013 for the shareholders’ approval at the forthcoming AGM.
CONDUCT OF SHAREHOLDER MEETINGS
Principle 16
COSCO Corporation encourages shareholders to participate actively in general meetings. At general meetings of the Company,
shareholders are given the equitable opportunity to participate effectively in and vote at the meeting and express their views
and ask questions regarding the Company and the Group. The Company Secretary is present to brief the attendees the rules
govern the general meetings, including voting procedures, upon requested by the shareholder. The proceeding of the AGM is
properly recorded, including all comments or queries from shareholders relating to the agenda of the meeting and responses
from the Board and Management. All minutes of general meetings are opened to the inspection of shareholders within one
month after the general meeting was held when requested by any shareholder.
The Company’s Articles allow a shareholder entitled to attend and vote to appoint a proxy who need not be a shareholder of
the Company to attend and vote at the meetings.
The Board members and chairpersons of the Audit, Nominating, Remuneration, Enterprise Risk Management and Strategic
Development Committees are present and available to address shareholders’ questions at general meetings. The external
auditors are also present to address shareholders’ queries relating to the conduct of the audit and the preparation and content
of the auditors’ report.
CORPORATE
GOVERNANCE
Corporate Gover nance and Transparency
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