Creative 2012 Annual Report Download - page 14

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12
CREATIVE TECHNOLOGY LTD AND ITS SUBSIDIARIES
PRINCIPLE 13: INTERNAL AUDIT
The Internal Audit (“IA”) team is independent of the activities that it audits. The Head of IA’s primary reporting line is to the
Chairman of the AC with an administrative line of reporting to the Chief Financial Ofcer of the Company. The AC reviews the
annual IA plans and resources to ensure that the IA has the necessary resources to adequately perform its functions. The AC also
reviews the IA’s reports and activities regularly.
PRINCIPLE 14: COMMUNICATION WITH SHAREHOLDERS
The Company announces its quarterly and full year results within the regulatory periods. Material and price-sensitive information
is publicly released via SGXNET on a timely basis. All shareholders of the Company receive the annual report of the Company
and the notice of the Annual General Meeting, for which a notice is also advertised in the press and released via SGXNET.
Shareholders and investors can access information on the Company at its website at www.creative.com which provides, inter-alia,
corporate announcements, press releases and the latest nancial results as disclosed by the Company on SGXNET. From time to
time, the Company holds briengs with analysts and the media to coincide with the release of the Group’s results.
PRINCIPLE 15: GREATER SHAREHOLDER PARTICIPATION
At general meetings of the Company, shareholders are given the opportunity to communicate their views and ask the Directors
and management questions regarding matters affecting the Company. The Board, external auditors and senior management are
normally available at the Annual General Meeting to respond to, and to assist the Directors in responding to shareholders’ questions.
In accordance with the Articles of Association of the Company, shareholders may appoint not more than two proxies to attend
and vote on their behalf. A proxy need not be a member of the Company.
DEALINGS IN SECURITIES
In line with the recommended practices on dealings in securities set out in the SGX-ST Listing Rules, the Company provides
internal guidance with regards to dealing in the Company’s securities by its Directors and ofcers. These guidelines prohibit
dealing in the Company’s securities on short-term considerations and while in possession of unpublished material price-sensitive
information in relation to such securities, and during the period commencing two weeks before the announcement of Group’s
nancial statements for each of the rst three quarters of its nancial year and one month before the announcement of the Group’s
full year nancial statements.
CORPORATE GOVERNANCE
For the nancial year ended 30 June 2012