KIM HENG OFFSHORE & MARINE HOLDINGS LIMITED
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Corporate Governance Report
The internal auditors carry out their function in accordance with their global internal audit services methodology,
which is aligned to the Standards for the Professional Practice of Internal Auditing set by the Institute of Internal
Auditors. The ARC ensures that the Management provides good support to the internal auditors and provides them
with access to documents, records, properties and personnel when requested in order for the internal auditors to
carry out their function accordingly. The internal auditors also have unrestricted access to the ARC on internal audit
matters. The ARC reviews and endorses the internal audit plan and internal audit reports of the Group. Any material
non-compliance or failures in the internal audit function and recommendations for improvements are reported to the
ARC. The ARC will review the adequacy and effectiveness of the internal audit function annually.
SHAREHOLDER RIGHTS AND RESPONSIBILITIES
Shareholder Rights
Principle 14: Companies should treat all shareholders fairly and equitably, and should recognise, protect and
facilitate the exercise of shareholders’ rights, and continually review and update such governance
arrangements.
Communication with Shareholders
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.
Conduct of Shareholder Meetings
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.
The Group recognises the importance of maintaining transparency and accountability to its shareholders. The Board
ensures that all the Company’s shareholders are treated equitably and the rights of all investors, including non-
controlling shareholders are protected. In line with the continuing disclosure obligations of the Company pursuant to
the Catalist Rules and the Companies Act (Chapter 50) of Singapore, the Group is committed to providing shareholders
with adequate, timely and relevant information pertaining to the Group’s business developments, financial
performance and other factors which could have a material impact on the Company’s share price. The Company
communicates with shareholders and the investing community through the timely release of announcements via
SGXNET. Financial results of the Group will be released within 45 days from the respective quarter ended and 60 days
from the full financial year ended. In addition, the Annual Report 2015 is distributed to shareholders at least 14 days
before the AGM to be held on 26 April 2016.
The Board embraces openness and transparency in the conduct of the Group’s affairs, whilst safeguarding its
commercial interests. The Company does not practice selective disclosure and price sensitive information is publicly
disclosed on an immediate basis where required under the Catalist Rules. Material information on the Group has been
released to the public through the Company’s announcements via the SGXNET.
The Group strongly encourages shareholders’ participation during the AGM which will be held in Singapore.
Shareholders are able to proactively engage the Board and the Management on the Group’s business activities,
financial performance and other business related matters through dialogue sessions. The Group believes in regular,
effective and fair communication with shareholders and is committed to hearing shareholders’ views and addressing
their concerns.
