UOL Group Limited (the “Company”) is committed in its continuing efforts to achieve high standards of corporate governance and business conduct so as to enhance long-term shareholder value and safeguard the interests of its stakeholders.
This corporate governance report (“Report”) sets out the framework of corporate governance policies and practices that have been adopted by the Company with reference to the principles and guidelines of the Code of Corporate Governance issued by the Monetary Authority of Singapore on 2 May 2012 (the “Code”). Where there are deviations from any guidelines of the Code, an explanation has been provided within this Report.
The Monetary Authority of Singapore issued the revised Code of Corporate Governance in August 2018 (“Code 2018”) which applies to Annual Reports covering financial years commencing from 1 January 2019. The Singapore Exchange had also issued a transitional practice note 3 in November 2018 clarifying, inter alia, that (a) for any financial year commencing on or after 1 January 2019, an issuer must describe its corporate governance practices with specific reference to Code 2018 in accordance with the amended Rule 710 of the SGX Listing Manual and (b) for financial year commencing before 1 January 2019, an issuer may continue to describe its corporate governance practices with specific reference to the Code.
The Company will hence publish the Corporate Governance Report with reference to Code 2018 in compliance with the amended Rule 710 in the next Annual Report covering financial year 2019.
To view the full Corporate Governance Report, click here.