notes to the financial statements - Investor Relations

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CWT Limited 42 CORPORATE GOVERNANCE SHAREHOLDER RIGHTS AND RESPONSIBILITIES Shareholders’ Rights (Principle 14) CWT fully supports and encourages shareholder participation at AGMs. All shareholders of the Company receive the annual report and notice of AGM in advance of the AGMs. The notice is also advertised in newspapers and made available on the Company’s website. CWT ensures that shareholders have the opportunity to participate effectively in and vote at AGMs. Shareholders are informed of the rules that govern general meetings of shareholders. While CWT does not have a specific limit in the Articles on the number of proxy votes for nominee companies, there is a limit for the number of proxies. This is because CWT does not want to create separate classes of rights in shareholders. Also, under current law, on a show of hands, only one vote is counted. Communication with Shareholders (Principle 15) CWT is committed to maintaining high standards of disclosure and corporate transparency. The Company strives to convey to shareholders pertinent information in a clear, forthcoming, detailed, timely manner and on a regular basis, and take into consideration their views and inputs, and address shareholders’ concerns. The Company also monitors the dissemination of material information to ensure that it is made publicly available on a timely and non-selective basis. All financial results are made available to the public and all shareholders by publishing it through the SGXNET, and the Company’s website www.cwtlimited.com. All information on the Company’s new initiatives is first disseminated via SGXNET followed by a news release, which is also available on the website. The investor relations section of the Company’s website contains extensive investor-related information on CWT which serves as a one-stop resource platform for shareholders and investors to gain access to company, financial and stock data, assisting them in their investment decisions. The Company does not practise selective disclosure. Results and annual reports are announced or issued within the mandatory period and are available on the Company’s website. Conduct of Shareholder Meetings (Principle 16) At AGMs, shareholders are given the opportunity to air their views and ask Directors or Management questions regarding the Company. The Articles also allow a shareholder of the Company to appoint one proxy to attend and vote in place of the shareholder. The Articles presently do not provide for shareholders to vote at AGMs in absentia such as by mail, email or fax to ensure proper authentication of the identity of shareholders and their voting intent. The Company will consider implementing the relevant amendment to the Articles if the Board is of the view that there is a demand for the same, and after the Company has evaluated and put in place the necessary security and other measures to facilitate absentia voting and protect against errors, fraud and other irregularities.
CORPORATE GOVERNANCE Annual Report 2011 Each item of special business included in the notice of AGMs is accompanied, where appropriate, by an explanation for the proposed resolution. Separate resolutions are proposed for each separate issue at the meeting. Chairpersons of the AC and NRC as well as the external auditors will be present and available to address questions at AGMs. Additionally, all minutes of AGMs, and a summary of the questions and answers raised at AGMs are publicly available to shareholders upon request. SUPPLEMENTARY INFORMATION Share Dealing and Interested Person Transaction Policy Relevant Management employees of the Group have been advised of the guideline on Share Dealings, the implications of insider trading and the recommendations of the Best Practices Guide issued by the Singapore Exchange Limited. The Company has put in place an internal policy in respect of any interested person transactions of the Company (IPT Policy). All division heads are required to familiarise themselves with the IPT policy, and highlight any such transactions to the Company’s Corporate Services Division, where a register of the Company’s interested person transactions is maintained. The IPT policy also sets out the levels and procedures to obtain approval for applicable transaction. The transactions conducted for the year ended 31 December 2011 were as follow: Purchases C&P Capital Pte Ltd C&P Transport Pte Ltd Aggregate Value S$’000 858 582 43
Page 1 and 2: CWT Limited Annual Report 2011 Annu
Page 3 and 4: ABOUT THE CWT GROUP VISION To Be A
Page 5 and 6: GROUP FIVE-YEAR FINANCIAL SUMMARY F
Page 7: Largest warehouse operator in Singa
Page 10 and 11: CWT Limited CHAIRMAN’S STATEMENT
Page 12 and 13: CWT Limited BOARD OF DIRECTORS Loi
Page 14 and 15: CWT Limited EXECUTIVE TEAM Loi Pok
Page 17 and 18: ELEVATION Rising through resilience
Page 19 and 20: COMMODITY SUPPLY CHAIN MANAGEMENT C
Page 21: MIDDLE EAST Kuwait Kuwait UK Estoni
Page 24 and 25: CWT Limited OPERATIONS REVIEW “Am
Page 26 and 27: CWT Limited OPERATIONS REVIEW 1. Br
Page 29 and 30: CHARACTER Our identity and performa
Page 31 and 32: EHS activities and related awards E
Page 33 and 34: Investor Relations We regularly eng
Page 35 and 36: CORPORATE GOVERNANCE Annual Report
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Page 47 and 48: DIRECTORS’ REPORT YEAR ENDED 31 D
Page 49 and 50: STATEMENT BY DIRECTORS YEAR ENDED 3
Page 51 and 52: STATEMENT OF FINANCIAL POSITION AS
Page 53 and 54: Annual Report 2011 CONSOLIDATED STA
Page 55 and 56: CONSOLIDATED STATEMENT OF CHANGES I
Page 57 and 58: CONSOLIDATED STATEMENT OF CHANGES I
Page 59 and 60: CONSOLIDATED STATEMENT OF CASH FLOW
Page 61 and 62: NOTES TO THE FINANCIAL STATEMENTS Y
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NOTES TO THE FINANCIAL STATEMENTS Y
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STATISTICS OF SHAREHOLDINGS SHAREHO
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NOTICE OF ANNUAL GENERAL MEETING An
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NOTICE OF ANNUAL GENERAL MEETING An
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CWT LIMITED (Company Registration N
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CORPORATE DIRECTORY Loi Pok Yen Gro
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notes to the financial statements - Investor Relations

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