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TELECHOICE INTERNATIONAL LIMITED
2015 ANNUAL REPORT
CORPORATE
GOVERNANCE
The Head of Internal Audit presents the internal audit findings to the AC each quarter. The AC meets with the Head of Internal Audit
at least once a year, without the presence of Management. The internal auditors have unfettered access to all the Group’s documents,
records, properties and personnel, including access to the AC.
(D)
COMMUNICATION WITH SHAREHOLDERS
Principle 14: Shareholder Rights
Principle 15: Communication with Shareholders
Principle 16: Conduct of Shareholder Meetings
We believe in having regular communication with shareholders and also timely disclosure of information to shareholders through
SGXNET.
Our Investor Relations team manages investor relations and has arranged a series of events during the year to brief the media and
investment analysts on our performance.
For the release of the respective quarterly and year-end results, the announcement is first released via SGXNET together with our
press release. Thereafter, the media and investor analysts meet with Management for briefing(s) within the ambit of our SGXNET
announcements to ensure that there is fair and non-selective disclosure of information.
We support the Code 2012’s principle to encourage greater shareholders’ participation at general meetings of shareholders. Separate
resolutions are proposed on each separate issue at our general meetings. To enhance transparency in the voting process, the Company
has implemented poll voting for all resolutions tabled at its general meetings. A registered shareholder is entitled to vote in person
or by appointing up to two proxies to attend and vote at our general meetings. The Company’s Articles of Association do not allow
shareholders to vote in absentia at general meetings, except through the appointment of a proxy or proxies to cast their vote in
their stead. Hence, our shareholders have the opportunity to direct any queries regarding the resolutions proposed to be passed to
our Directors and Management who are present at our general meetings. Our external auditors are also invited to be present at our
AGMs to assist our Directors in answering questions from our shareholders relating to the conduct of the audit and the preparation
and content of the auditors’ report.
Since FY04, the Board has set a benchmark to declare and pay annual dividends of at least 30% of our annual net profit after tax, subject
to the Group’s earnings, cash flow and capital requirements. Our Company has consistently managed to perform this benchmark in
the last few financial years.
Financial and other information (including news releases and SGXNET announcements) are made available on our website at
, which is updated on a regular basis.
