66
BAKERTECHNOLOGYLIMITED
ANNUALREPORT2013
CorporateGovernance
sustain
TheGroupensures that shareholdershave theopportunity toparticipateeffectively inand voteat generalmeetings. The link to
SGX-ST’s investor guides “An Investor’sGuide toPreparing forAnnual GeneralMeetings”and“An Investor’sGuide toReading
Annual Reports” has been included on the Company’s website under “Investor Relations”with the aim of providing further
assistance to shareholders in their investment activities.
TheCompany’s Articles of Association currently does not allow investorswho hold shares through nominees such as CPF and
custodianbanks to appointmore than two proxies to vote at the general meetings.
Principle15: Communicationwith Shareholders
The Company is committed to engaging its shareholders and the investing community and providing pertinent and accurate
information about the Company in an effective, fair and timelymanner. The Company has put in place an Investor Relations
Policy that promotes this.
The Company does not practice selective disclosure. All material information including quarterly results announcement, is
disclosed regularly and in a timelymanner via SGXNet and the Company’s website. In addition, Management holds briefings
with analysts to coincidewith the releaseof theGroup’s half yearly and annual financial results topromotebetter appreciation
of theGroup’s performanceanddevelopments.Management also takes anactive role in communicationswith its shareholders
and the investing community, through face-to-facemeetings and email communications to address their queries or concerns
and toupdate them on the latest corporate developments.
TheCompany’swebsite at
is the key resource of information to shareholders. Among other things, it
contains corporate announcements, media releases, financial results, presentations and annual reports.
Further details on theGroup’s investor relations activities during the year canbe found in the Investor Relations sectionof the
Annual Report on page 34.
Principle16: Conduct of ShareholderMeetings
TheBoard supportsandencouragesactive shareholderparticipationatgeneralmeetings. TheCompany’sArticlesofAssociation
allow all shareholders to appoint up to two proxies to attend and vote on his/her behalf and a proxy need not be amember
of the Company. Voting in absentia by mail, email or fax has not been implemented due to concerns relating to issues of
authentication of shareholder identity and other related security issues.
The Board ensures that separate resolutions are proposed for approval on each distinct issue at general meetings. At general
meetings, shareholders are given the opportunity to express their views and ask questions regarding the Company and the
Group. All Directors, inparticular theChairmanof theBoardandChairpersons of BoardCommittees, and theexternal auditors
are present and available to address shareholder’s questions. Minutes of the AGM are prepared and available upon request,
which includes substantive comments or queries from the shareholders and responses from the Board andManagement.
For greater transparency and effectiveparticipation, theCompanywill put all resolutions to voteby poll at theupcomingAGM
and an announcement of the detailed results of the number of votes cast for and against each resolution and the respective
percentageswill bemade on the same day.
