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independent of the activities it audits.
The Company has an Internal Audit Department (CL IA) which reports directly to the AC and administratively to the
GCFO. CL IA plans its internal audit schedules in consultation with, but independently of, Management and its plan is
submitted to the AC for approval prior to the beginning of each year. The AC also meets with CL IA at least once a year
without the presence of Management. CL IA has unfettered access to the Group’s documents, records, properties and
employees, including access to AC.
CL IA is a corporate member of the Singapore branch of the Institute of Internal Auditors Inc. (IIA), which has its
headquarters in the USA. CL IA subscribes to, and is guided by, the International Standards for the Professional
Practice of Internal Auditing (Standards) developed by the IIA and has incorporated these Standards into its audit
practices.
To ensure that internal audits are performed by competent professionals, CL IA recruits and employs suitably qualimed
professional employees with the requisite skill set and experience. For instance, CL IA employees who are involved in
Information Technology (IT) audits are Certimed Information System Auditors and members of the Information System
Audit and Control Association (ISACA) in the United States of America. The ISACA Information System Auditing
Standards provide guidance on the standards and procedures to be applied in IT audits.
CL IA identimes and provides training and development opportunities for its employees to ensure that their technical
knowledge and skill set remain current and relevant.
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The Company is committed to treating all its shareholders fairly and equitably. To assist shareholders, investors, analysts
and other stakeholders in their investment decisions, the Company makes disclosures on a timely and consistent basis
on its performance and any changes which would likely materially affect the price or value of the Company’s shares.
The Company provides accurate and timely disclosure of material information on the SG9Net.
All shareholders are entitled to attend general meetings and are accorded the opportunity to participate effectively
and vote at general meetings. All shareholders are also informed of the rules, including voting procedures,
governing such meetings.
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The Company has in place an Investor Relations department and a Group Communications department which facilitate
effective communication with the Company’s shareholders, analysts, fund managers and the media.
The Company actively engages with its shareholders and has put in place an Investor Relations Policy to promote
regular, effective and fair communications with its shareholders. The Policy is uploaded on the Group’s website at
.
Corporate Governance & Transparency
