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Principle 15:
Companies should actively engage their shareholders and put in place an investor relations
policy to promote regular, effective and fair communication with shareholders.
The Company recognises the importance of actively engaging with stakeholders to promote effective and fair
communication.
The Board also acknowledges its obligation to furnish timely information to shareholders and ensure that full disclosure
of material information to comply with statutory requirements and the Listing Manual of the SGX-ST is made. Any price
sensitive information will be publicly released on SGXNET rst before being announced to any group of investors or
analysts.
To keep all stakeholders of the Company updated on the latest announcements, press releases, and stock details of
the Company, stakeholders have 24-hour access to the Company’s website (www.ofs.edu.sg). In addition, automated
email alert services on the latest announcements and press releases broadcasted to SGXNET by the Company can
be subscribed to by stakeholders through the Company’s website. Stakeholders can also post their enquiries to the
Company via email at ir@ofs.edu.sg.
The Company’s policy is to pay dividends of at least 50.0% of its net pro t after tax to shareholders for each nancial year.
The dividend policy may be subject to modi cation in the sole and absolute discretion of the Board.
Principle 16:
Companies should encourage greater shareholder participation at general meetings of
shareholders, and allow shareholders the opportunity to communicate their views on various
matters affecting the company.
Our shareholders are encouraged to attend the general meetings of shareholders to ensure a high level of accountability
and to be updated on the Company’s strategies and goals. Notices of general meetings are dispatched to shareholders,
together with explanatory notes or a circular on items of special business (if necessary), at least 14 clear calendar days
before the meeting for ordinary resolutions and/or 21 clear calendar days before the meeting for special resolutions.
The Board welcomes the views of shareholders who wish to raise issues concerning the Company, either informally or
formally before or during these general meetings. 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.
The Company prepares minutes of general meetings incorporating the substantial and relevant comments or queries from
shareholders that is relevant to the agenda of the meeting and responses from the Board and the Management. Such
minutes are available to shareholders upon request.
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 ows,
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.
CORPORATE GOVERNANCE REPORT
31
Overseas Education Limited AR 2013
INVESTING IN EDUCATION