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CORPORATE GOVERNANCE
COMMUNICATION WITH SHAREHOLDERS
Principle 14: Companies should engage in regular, effective and fair communication with shareholders.
The Company firmly believes in high standards of transparent corporate disclosure, in line with the continuous obligations of the
Company under the SGX-ST Listing Manual and the Companies Act, the Board’s policy is that all shareholders should equally
and on a timely basis be informed of all major developments that impact the Group. Quarterly results will be published through
the SGXNET, news releases and the Company’s website. All information of the Company’s new initiatives are first disseminated
via SGXNET followed by a news release, which is also available on the website.
Where there is inadvertent disclosure made to a selected group, the Company will make the same disclosure publicly to all
others as soon as practicable.
The Company does not practice selective disclosure. Price sensitive information is first publicly released through SGXNET,
before the Company meets with any investors or analysts. All shareholders of the Company will receive the Annual Report with
notice of AGM by post and published in a newspaper within the mandatory period, which is held within four months after the
close of the financial year.
Principle 15: Companies should encourage greater shareholder participation at AGMs, and allow shareholders the
opportunity to communicate their views on various matters affecting the company.
Our shareholders are encouraged to attend the AGM to ensure a high level of accountability and to be updated on the Company’s
strategies and goals. Notice of the AGM is dispatched to shareholders, together with explanatory notes or a circular on items
of special businesses (if necessary), at least 14 clear calendar days before the meeting. The Board welcomes the views of
shareholders who wish to raise issues concerning the Company, either informally or formally before or during the AGM. The
Chairman of the AC, NC and RC are normally present and available to address questions relating to the work of their respective
committees at general meetings. Furthermore, the external auditors are present to assist our Board in addressing any relevant
queries by our shareholders.
The Board also notes that there should be separate resolutions on each substantially separate issue that may be tabled at the
general meeting.
RISK MANAGEMENT
The Company is continually reviewing and improving the business and operational activities to take into account the risk
management perspective. This includes reviewing management and manpower resources, updating work flows, processes
and procedures to meet the current and future market conditions. The Company will consider the need to establish a risk
management committee to assist the Board in carrying out its responsibility of overseeing the Company’s risk management
framework and policies when the need arises.
3 Overseas Education Limited AR 2012
Investing In Education
W130220-Overseas Education Limited AR 2012 Financial p25-92.indd 35 26/3/13