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bh global marine LIMITEDANNUAL REPORT 2012
CORPORATE GOVERNANCE REPORT (CONT’D)
Principle 14 and 15: Communications with Shareholders
(a) Shareholder rights and conduct of Shareholder meetings
At general meetings, shareholders of the Company will be given the opportunity
to present their views and to put questions regarding the Group to Directors and
Management. The Directors and Management will be present at these meetings
to address any questions that shareholders may have. The external auditors will
also be present to assist the Board in addressing queries by shareholders.
Guideline 15.1 and 15.3 of the Code:
Shareholders have the opportunity
to participate and vote at general
meetings. Committee chairman and
external auditors to be present at AGMs
The Articles of Association of the Company allows a member of the Company to
appoint up to two proxies to attend and vote at general meetings. For the time
being, the Board is of the view that this is adequate to enable shareholders to
participate in general meetings of the Company and is not proposing to amend
its Articles of Association to allow votes in absentia. Separate resolutions on each
distinct issue are tabled at general meetings and voting on each resolution is
carried out systematically with proper recording of votes cast and the resolution
passed.
Guideline 15.4 of the Code: Companies
encouraged to amend Articles to avoid
imposing limit on number of proxies for
nominee companies
(b) Communications with Shareholders
The Company has appointed an investor relation consultant, Financial PR Pte
Ltd, to support the Group in facilitating communication with shareholders and
the investment community. The Company also ensures that timely and adequate
disclosure of information on matters of material impact or signifcance relating
to the Group are made to shareholders of the Company, in compliance with the
requirements set out in the Listing Manual of the Singapore Exchange Securities
Trading Limited, with particular reference to the Corporate Disclosure Policy set
out therein.
Guideline 14.1 of the Code: Company
to regularly convey pertinent information
on a timely basis
ATTENDANCE AT BOARD & COMMITTEE MEETINGS
The number of Directors’ and board committees’ meetings and the record of attendance of each Director during the fnancial year
ended 31 December 2012 is set out below:
Types of Meetings Board
Audit
Committee
Nominating
Committee
Remuneration
Committee
Names of Directors
No. of
Meetings
Held
No. of
Meetings
Attended
No. of
Meetings
Held
No. of
Meetings
Attended
No. of
Meetings
Held
No. of
Meetings
Attended
No. of
Meetings
Held
No. of
Meetings
Attended
Alvin Lim Hwee Hong 4 4 – – – – – –
Vincent Lim Hui Eng 4 4 – – 1 1 – –
Patrick Lim Hui Peng 4 4 – – – – – –
Winston Kwek Choon Lin 4 4 4 4 1 1 1 1
Loh Weng Whye 4 4 4 4 1 1 1 1
David Chia Tian Bin 4 4 4 4 – – 1 1
ADDITIONAL INFORMATION
Dealings in Securities
The Company has procedures in place in line with Rule 1207(19) in relation to dealings in the Company’s securities by its offcers.
The Company has informed its offcers not to deal in the Company’s shares whilst they are in possession of unpublished material
price sensitive information and during the period commencing two weeks before quarterly announcement and one month before
the full year announcement, as the case may be, and ending on the date of announcement of such fnancial results. The Offcers
of the Company are discouraged from dealing in the Company’s securities on a short-term basis.