|
|
|
Corporate Governance |
|
|
|
|
The Group firmly believes that good corporate
governance is essential to the long term
sustainability of the Company’s businesses and
performance. PEC is committed to maintaining a
high standard of corporate conduct and operates
in the spirit of the Singapore Code of Corporate
Governance 2005 (the “Code”)
The Group continues to place importance on its
corporate governance processes and systems so as
to ensure greater transparency, accountability
and protection of shareholders’ interests.
Whistle Blowing Policy
In line with good corporate governance practice
of the Group and its commitment to open
communication, the Company has implemented a
Whistle-Blowing Policy
with effect from 3 September 2009
This objective of the policy is to provide an
avenue for employees to raise concerns and
reassurance that they will be protected from
reprisals for whistle blowing in good faith.
The Whistle-Blowing Policy is intended to cover
serious concerns that could have a significant
impact on the Group, such as :
- Group’s accounting, internal controls or
auditing matters;
- Impropriety, corruption, acts of fraud,
theft and/misuse of the Group’s properties,
assets or resources;
- Conduct which is an offence or breach of
law;
- Serious conflict of interest without
disclosure;
- Breach of the Group’s policies or code
of conduct;
- Concealing information about any of the
above malpractice or misconduct:
- Financial or non-financial loss to the
Group, or damage to the Group’s reputation;
- Fraud or the making of fraudulent
statements; and
- Mislead, deceive, manipulate, coerce or
fraudulently influence any internal or
external accountant or auditor in connection
with the preparation, examination, audit or
review of any financial statements or
records of the Group.
Channel & Reporting Structure for
whistle blowing
Serious concerns relating to financial
reporting, unethical or illegal conduct should
be reported in the following way :
- Reports should be made in writing with the following information using the prescribed form provided below:
- Your contact details
- Department and/or location of the suspected
irregularity
- Suspect(s) involved
- Nature of the suspected irregularity
- Date in which the suspected irregularity has
occurred
Annex 3 : Whistle Blowing Report Form
-
Reports should be sent via email and addressed
to the Audit Committee
Email:
whistleblowing@peceng.com
|
|
|
|
