Singapore Airlines 2014 Annual Report Download - page 61

Shareholder Rights and Responsibilities (Principles 14 and 15)
Singapore Airlines believes in timely and consistent disclosure of pertinent information to enable a transparent assessment of the
Company’s value. The Company values dialogue with shareholders, and holds analyst and media briefings when announcing
half-yearly and year-end results. Full transcripts of the proceedings are made available on SGXNet and our Company’s website at
www.singaporeair.com/investor.
All financial results, as well as price-sensitive information, are released in a timely manner through various media, including
press releases posted on the Company’s website and disclosure via SGXNet. The Company’s website is an important source of
information for shareholders and the investment community. Quarterly results announcements, news releases, presentation slides,
monthly operating statistics, annual reports, sustainability reports and other key facts and figures about the Company are available
on the Investor Relations website.
The Investor Relations Department meets with analysts and investors on a regular basis through investor conferences and
roadshows, as well as ad-hoc meetings and teleconferences. A dedicated investor relations email and hotline are maintained for
the investing community to reach out to the Company for queries.
The Company’s commitment to corporate transparency and investor relations was recognised in 2012, when Singapore Airlines
was inducted into the Hall of Fame in the Most Transparent Company Award Category at the 13th Investors Choice Awards
presented by the Securities Investors Association of Singapore (“SIAS”).
Conduct of Shareholder Meetings (Principle 16)
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 auditor, would
be present and available to address questions at these meetings. Minutes of shareholders’ meetings are available on request
by registered shareholders.
To enhance transparency in the voting process, the Company had, since FY2008/09, implemented full poll voting for all the
resolutions tabled at its shareholders’ meetings.
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.
059
ANNUAL REPORT FY2013/14