CORPORATE GOVERNANCE STATEMENT
3.2.2 it is required by law, or by the order or directive of a court of law, regulatory body or by the Singapore
Exchange or such other body that has the jurisdiction and authority of the law to require such identity to be
revealed;
3.2.3 the AC with the concurrence of the Board of Directors opined that it would be in the best interests of the
Group to disclose the identity;
3.2.4 it is determined that the Complaint was frivolous, in bad faith, or in abuse of these policies and procedures
and lodged with malicious or mischievous intent; or
3.2.5 the identity of such complainant is already in the public domain.
PRINCIPLE 13: INTERNAL AUDIT
DG: Guideline 13.1
The Group has an in-house internal audit function (“Internal Audit”) that is independent of the activities it audits. The
Internal Audit is also staffed with persons of relevant qualifications and experience. The Internal Audit reports directly to
the AC chairman, and administratively to the Chairman and CEO. The internal auditors have unfettered access to all the
Group’s documents, records, properties and personnel, including access to the AC.
The key role of the Internal Audit is to promote effective internal controls in the Group and to monitor the performance and
effective application of internal controls procedures. The Internal Audit carries out its function according to the standard
set by internationally recognised professional bodies. The AC is satisfied that the Company’s internal audit function is
adequately resourced and effective.
SHAREHOLDER RIGHTS AND RESPONSIBILITIES
PRINCIPLE 14: SHAREHOLDER RIGHTS
All Shareholders are treated fairly and equitably to facilitate the exercise of their ownership rights.
In-line with continuous disclosure obligations of the Company, the Board’s policy is that Shareholders be informed promptly
of any major development that may have a material impact on the Group’s performance and affect the price or value of the
Company’s shares. Information is communicated to Shareholders on a timely basis, through annual reports that are to be
issued to all Shareholders within the mandatory period, quarterly financial statements announcements, press releases and
other relevant announcements via SGXNET. The Company does not practice selective disclosure.
All the general meetings of Shareholders are held in Singapore to ensure that Shareholders have the opportunity to participate
and vote at the general meetings. Shareholders are informed of the relevant rules including procedures that govern general
meetings of Shareholders.
YANLORD LAND GROUP LIMITED
ANNUAL REPORT 2015
152
