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SEE HUP SENG LIMITED
Annual Report 2012
24
Corporate Governance Report
Risk Management
The Board of Directors oversees the Group’s financial risk management policies. Where there are significant risks in
respect of the Group operations, appropriate risk management practices will be put in place to address these risks.
The details are outlined in Note 36 in the financial statements.
SECURITIES TRANSACTIONS
The Company has a clear policy on the trading of its share by directors and executives within the Group. The Company
has adopted its own internal Code of Best Practices on Securities Transactions (the “Securities Transactions Code”);
The Securities Transactions Code provides guidance to the directors and executives of the Group with regard to dealing
in the Company’s shares. It emphasizes that the law on insider trading is applicable at all times, notwithstanding the
window periods for dealing in the shares. The Securities Transactions Code also enables the Company to monitor such
share transactions by requiring employees to report to the Company whenever they deal in the Company’s shares.
The Group issues circulars to its directors, executives and employees informing them that they must not trade in the
listed securities of the Company one month before the announcement of the Group’s full year or two weeks before
quarterly results and ending on the date of the announcement of such results. They are also encouraged not to deal
in the Company’s securities on short-term considerations.
The directors are required to notify the Company of any dealings in the Company’s securities (during the open window
period) within two (2) business days of the transactions.
The Group has complied with the Securities Transactions Code.
INTERESTED PERSON TRANSACTIONS
The Company has established procedures to ensure that all transactions with interested persons are reported on
a timely manner to the AC and that the transactions are carried out on a normal commercial terms and will not be
prejudicial to the interests of the Company and its minority shareholders.
During the financial year ended 31 December 2012, the Company did not enter into any interested person transaction
which value exceeds $100,000 for each transaction.
MATERIAL CONTRACTS
There were no material contracts between the Company and its subsidiaries involving the interests of the CEO, director
and controlling shareholder that are still subsisting at the end of the financial year or if not then subsisting, entered
into since the end of the previous financial year.