Sustainability and Governance Report
Directors STATEMENT
Directors
Share options
There were no options granted during the financial year to subscribe for unissued shares of the Company or in any subsidiary.
No shares have been issued during the financial year by virtue of the exercise of options to take up unissued shares of the Company or any subsidiary.
There were no unissued shares of the Company or any subsidiary under share at the end of the financial year.
Audit Committee
The audit committee (AC) carried out its functions in accordance with section 201B (5) of the Singapore Companies Act, Chapter 50, including the following:
•
•
Reviewed the audit plans of external auditors of the Group and the Company, and the assistance given by the Group and the Company's management to the external auditors
Reviewed the balance sheet of the Company and the consolidated financial statements of the Group for the financial year ended 31 March 2020 before their submission to the
Board of Directors, as well as the external auditors' report on the balance sheet of the Company and the consolidated financial statements of the Group
Reviewed effectiveness of the Group and the Company's material internal controls, including financial, operational and compliance controls and risk management via reviews
carried out by the external auditor
• Met with the external auditor, other committees, and management in separate executive sessions to discuss any matters that these groups believe should be discussed
privately with the AC
•
Reviewed the nature and extent of non-audit services provided by the external auditor
•
•
Reviewed legal and regulatory matters that may have a material impact on the financial statements, related compliance policies and programmes and any reports received
from regulators
Recommended to the board of directors the external auditor to be nominated, approved the compensation of the external auditor, & reviewed the scope & results of the audit
• Reported actions and minutes of the AC to the board of directors with such recommendations as the AC considered appropriate
•
Reviewed the interested person transactions in accordance with the requirements of the Singapore Exchange Securities Trading Limited's Listing Manual
Other functions performed by the Audit Committee are described in the Report on Corporate Governance included in the Annual Report. It also includes an explanation of how
independent auditor objectivity and independence is safeguarded where the independent auditors provide non-audit services.
36View entire presentation