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, before
the Company meets with any group of investors or analysts. 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.
The Board has resolved not to recommend payment of dividend for the financial year ended 31 December 2015 as the
company was not profitable.
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
governing the general meetings, including voting procedures, upon request 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.
The Company’s Constitution 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.
All resolutions at the Company’s general meetings will be voted on by way of poll to better reflect shareholders’ shareholding
interest. This is made pursuant to the Rules 730A (2) of the Listing Manual of the Singapore Exchange Securities Trading
Limited. The poll results will be announced to the shareholders at each respective general meeting after tabulation of the poll.
Corporate Governance and Transparency
CORPORATE
GOVERNANCE
48
COSCO Corporation (Singapore) Limited
Annual Report 2015
