Singapore Airlines 2010 Annual Report Download - page 43
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ANNUAL REPORT 2009/10
041
The Company was recognized as the “Most Transparent Company – Transport Storage Communication Category” by the
Securities Investors Association of Singapore (“SIAS”) in 2009 for the eighth time since the inception of SIAS Investors’ Choice
Award in 2000. In addition, the Company was the winner of the Golden Circle Award, an open category award for overall
recognition of transparency excellence across all sectors.
The Board members always endeavour to attend shareholder meetings where shareholders are given the opportunity to
raise questions and clarify issues they may have relating to the resolutions to be passed, with the Board. The Chairmen of
the various Board Committees or members of the Board Committees standing in for them, as well as the external auditors,
would be present and available to address questions at these meetings. Minutes of shareholders’ meetings are available on
request by registered shareholders.
Banking Transaction Procedures
Lenders to SIA are to note that all bank transactions undertaken by any Group Company must be properly authorised, including
the opening of new bank accounts and any proposed credit facilities. Each Group Company has its own approval limits and
procedures for every banking transaction, having regard to the nature of the transaction concerned. These approval limits and
procedures are updated from time to time and are available on request. The bankers of each Group Company should always
verify, in accordance with the verification process set out in the applicable procedures, that the transaction is properly authorised.