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CapitaLand Limited
Annual Report 2015
Overview
Sustainability
Business
Review
Portfolio
Details
Corporate
Governance &
Transparency
Financials &
Additional
Information
Internal Audit
Principle 13:
The company should establish an effective internal audit function that is adequately resourced and 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 the 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 United States of America (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 qualified
professional staff with the requisite skill sets and experience. For instance, CL IA staff who are involved in Information
Technology (IT) audits are Certified Information System Auditors and members of the Information System Audit and Control
Association (ISACA) in the USA. The ISACA Information System Auditing Standards provide guidance on the standards and
procedures to be applied in IT audits.
CL IA identifies and provides training and development opportunities for its staff to ensure their technical knowledge and
skill sets remain current and relevant.
(D) SHAREHOLDER RIGHTS AND RESPONSIBILITIES
Shareholder Rights
Principle 14:
Companies should treat all shareholders fairly and equitably, and should recognise, protect and facilitate the
exercise of shareholders’ rights, and continually review and update such governance arrangements.
The Company is committed to treating all its shareholders fairly and equitably. All shareholders enjoy specific rights under the
Constitution and the relevant laws and regulations. These rights include, among other things, the right to participate in profit
distributions. They are also entitled to attend general meetings and are accorded the opportunity to participate effectively
and vote at general meetings.
Communication with Shareholders
Principle 15:
Companies should actively engage their shareholders and put in place an investor relations policy to promote
regular, effective and fair communication with shareholders.
The Company is committed to keeping all its shareholders and other stakeholders and analysts informed of the performance
and changes in the Group or its business which would be likely to materially affect the price or value of the Company’s shares,
on a timely and consistent basis, so as to assist shareholders and investors in their investment decisions.
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 (Policy) to
promote regular, effective and fair communications with its shareholders. The Policy is uploaded on the Group’s
website at
.
The Group has a formal policy on corporate disclosure controls and procedures to ensure that the Company complies with
its disclosure obligations under the Listing Manual.
More information on the Company’s investor and media relations with shareholders can be found in the Investor & Media
Relations section on pages 53 to 54 of this Annual Report.
