154
PERENNIAL REAL ESTATE HOLDINGS LIMITED
Annual Report 2015
CORPORATE GOVERNANCE
Guideline
Questions
How has the Company complied?
Guideline 12.6
a) Please provide a breakdown of the fees
paid in total to the external auditors for
audit and non-audit services for the
financial year.
b) If the external auditors have supplied a
substantial volume of non-audit services
to the Company, please state the bases
for the Audit Committee’s view on the
independence of the external auditors.
As at 31 December 2015, the aggregate
fees paid/payable to KPMG were
S$623,464 for their external audit services
and S$201,015 for their non-audit
services.
An assessment was carried out by the
ARC on the nature, extent and volume of
the non-audit services provided by the
external auditors and its affiliates, and the
fees paid for such services. For the
Period, non-audit fees accounted for
32% of total audit fees. The ARC has
confirmed that the provision of such non-
audit services by the external auditors
would not affect their independence.
Communication with Shareholders
Guideline 15.4
a) Does the Company regularly communicate
with shareholders and attend to their
questions? How often does the Company
meet with institutional and retail investors?
b) Is this done by a dedicated investor
relations team (or equivalent)? If not, who
performs this role?
c) How does the Company keep
shareholders informed of corporate
developments, apart from SGXNET
announcements and the annual report?
Yes. The Management meets with the
Shareholders and the Investment Community
regularly to communicate Perennial’s
strategic business plans and operating
performance, share latest corporate and
industry developments, and gather their
views and feedback. The Management also
addresses the Shareholders’ and the
Investment Community’s queries via phone
calls and emails.
Yes, Perennial has a dedicated investor
relations team which facilitates active
engagement and effective communication
with the Shareholders on a regular basis.
Perennial employs various platforms to
effectively engage the Shareholders and the
Investment Community, including phone
calls,
e-mail
communications
and
publication content on Perennial’s corporate
website. The CEO and the Management
also attended investors’ conferences and
seminars to engage with the Shareholders
and the Investment Community as well as
gather their views, feedback and concerns.
Guideline 15.5
If the Company is not paying any dividends
for the financial year, please explain why.
A dividend has been declared for the Period.
