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JUMBO GROUP LIMITED
Corporate Governance
Report
Whistle-blowing Policy
The Company has implemented a whistle-blowing policy, which provides the Group’s employees and any other persons with well-defined and
accessible channels through which they may, in confidence, raise concerns about possible improprieties in matters of financial reporting or other
matters. Whistle-blowing concerns may be reported in person or in writing via electronic mail.
The Group is committed to a high standard of ethical conduct and adopts a zero tolerance approach to fraud. The Group will treat all information
received confidentially and protect the identity and the interest of all whistle blowers. Anonymous disclosures will be accepted and anonymity
honoured.
The AC reviews such policy to ensure that arrangements are in place for independent investigation of such matters and for appropriate follow-up
action.
Internal Audit
Principle 13: The Company should establish an effective internal audit function that is adequately resourced and independent of the
activities it audits.
We have engaged KPMG Services Pte. Ltd. (“KPMG”) as our internal auditors. KPMG has confirmed that it is a certified public accounting firm and
a member of the Institute of Internal Auditors (“IIA”). In performing the internal audit, KPMG applied the Standards for the Professional Practice of
Internal Auditing set by IIA.
The Board recognises that it is responsible for maintaining a sound system of internal controls to safeguard shareholders’ investments and
the Group’s business and assets. The AC approves the hiring, removal, evaluation and compensation of the internal auditors. The internal
auditors reports directly to the Chairman of the AC on audit matters and to the management on administrative matters, and has full access to
the documents, records, properties and personnel (including the AC) of the Group. The audit plan is submitted to the AC for approval prior to
commencement of the internal audit.
The AC reviews the adequacy and effectiveness of the internal audit function at least annually to,
inter alia
, ensure that (i) the internal audit
function is adequately resourced and has appropriate standing within the Group; (ii) the majority of the identified risks are audited by cycle; (iii)
the recommendations of the internal auditors are properly implemented; and (iv) the effectiveness and independence of the internal auditors.
SHAREHOLDER RIGHTS AND RESPONSIBILITIES
Shareholder Rights
Principle 14: Companies should treat all shareholders fairly and equitably, and should recognise, protect and facilitate the exercise of
shareholders’ rights, and continually review and update such governance arrangements.
Communication with Shareholders
Principle 15: Companies should actively engage their shareholders and put in place an investor relations policy to promote regular,
effective and fair communication with shareholders.
Conduct of Shareholder Meetings
Principle 16: Companies should encourage greater shareholder participation at general meetings of shareholders, and allow
shareholders the opportunity to communicate their views on various matters affecting the Company.
The Board is mindful of the obligation to provide regular, effective and fair communication with shareholders. Information is communicated to
the shareholders on a timely basis. The Company does not practise selective disclosure. Information will be publicly released via SGXNET and/
or our corporate website before the Company meets with any group of investors or analysts. The Group’s financial results and annual reports are
announced or issued within the period specified under the Catalist Rules, and are also made available to the public via the Company’s website.
The Board welcomes the views of shareholders on matters affecting the Group, whether at shareholders’ meetings or on an ad-hoc basis.
The Board will also engage in investor relation activities to allow the Company to engage shareholders as and when it deems necessary and
appropriate.
