BOARDMATTERS
Principle1:
Board’sConductofAffairs
Board’sRole
TheBoardoversees theoverall
management andbusiness affairs
of theGroup. TheBoard also sets
theGroup’s values and standards to
ensureobligations to shareholders
andother stakeholders are
understood andmet. Its primary
functions include approving the
broadpolicies, strategies and
financial objectives of theGroup
andmonitoring theperformance
ofManagement, considering the
sustainability issues as part of its
strategic formulation, overseeing
theprocesses for evaluating the
adequacyof internal controls, risk
management, financial reporting
andcompliance and assuming
responsibility for corporate
governance. TheBoarddelegates
the formulationof business policies
andday-to-daymanagement to
theExecutiveDirectors.
Independent Judgment
Indischarging their fiduciary
duties, all Directors are expected
to exercise independent judgment
andmake decisions objectively in
the best interest of theCompany.
ADirectorwho is interested
in a transactionor proposed
transactionwill declare his interest
and abstain fromdeliberation and
decisionmaking. Independence
B
aker Technology Limited
(the “Company” or “Baker
Tech”) and its subsidiaries
(collectively, the “Group”) are
committed toobservinghigh
standards of corporategovernance
andpromotingcorporate
transparency accountability and
integrity toenhance long-term
value for shareholders.
TheCompany received abronze
award for Best Annual Report for
companies under $300million in
market capitalisation at the2017
SingaporeCorporateAwards,
making it the sixth year that the
Grouphaswon an award in this
category. The award recognises
excellence in thepresentation
of financial reporting, high level
of corporatedisclosures and
transparency. TheCompanywas
also awarded theTransparency
Award for commendable standards
inDisclosure andTransparency
at the 18th SIAS Investors’ Choice
Awards 2017.
This report sets out theCompany’s
corporategovernancepractices
for thefinancial year ended31
December 2017 (“FY2017”), with
specific reference to theprinciples
andguidelines of theCodeof
CorporateGovernance2012
(the “Code”). TheCompanyhas
adhered tomost of theprinciples
andguidelines of theCode and
provided anexplanation for any
deviation from theCode, where
applicable.
CORPORATEGOVERNANCE
REPORT
Sustainability
BAKER
Technology
L IMI TED
THE BE ST
I N US
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