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AVIC International Maritime Holdings Limited (the “Company”, and together with its subsidiaries, the “Group”) is committed to maintaining a high standard of corporate governance and continues to strive towards a high standard of corporate governance and transparency. The Company believes that sound corporate governance provides an effective safeguard against fraud and financial manipulation, and helps to protect our stakeholders’ interests and contribute to the long term sustainability of the Company. This also helps the Company create long-term value and returns for our shareholders.
The Company is guided in its corporate governance practices by the applicable laws, rules and regulations, the Listing Manual Section B: Rules of Catalist issued by the SGX-ST (the “Catalist Rules”) and the principles and guidelines of the Code of Corporate Governance 2012 (the “Code”). The Board of Directors of the Company (“Board”) is pleased to report on the Company’s corporate governance processes and activities as required by the Code and the relevant sections of the Catalist Rules.
For the financial year ended 31 December 2016 (“FY2016”), the Group has complied in all material respects with the principles laid down by the Code, and where there is any material deviation, appropriate explanation has been provided within this Report. For easy reference, sections of the Code under discussion in this Report are specifically identified.
Shareholders are reminded that this Report should be read as a whole as other sections of this Report may also have an impact on the specific disclosures in any one section.Download Full Corporate Governance Report