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Annual Report 2014
D. SHAREHOLDER RIGHTS AND RESPONSIBILITIES
SHAREHOLDER RIGHTS
Principle 14
COSCO treats all shareholders fairly and equitably, and recognises, protects and facilitates the exercise of
shareholders’ rights and continually reviews and updates such governance arrangements. The Company strives for
timeliness and transparency in its disclosures to the shareholders and the public. All information on the Company’s new
initiatives will be disseminated via SGXNET to ensure fair communication with the shareholders and the public.
COMMUNICATION WITH SHAREHOLDERS
Principle 15
The Company has put in place an investor relations policy to promote regular and effective communication with
shareholders. All questions raised by the shareholders would be escalated to and addressed by the Senior
Management, General Manager of Investor Relations and/or relevant person-in-charge.
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 investor conferences. 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
. 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.
For the financial year ended 31 December 2014, the Board has recommended a First and Final tax-exempt (one-tier)
Dividend of S$0.005 per ordinary share 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 equitably 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 shareholder within one month after the general meeting was held when requested by
any shareholder.
Corporate Governance and Transparency
