Our whistleblowing policy facilitates the in-confidence disclosures of possible impropriety or non-compliance. All reports, which may be made anonymously, are treated with strict confidentiality. Non-anonymous whistleblowers (with contactable details) are informed when investigations are concluded. All stakeholders, including employees, customers, suppliers and the general public, can report incidents through various reporting channels that are independently managed. View our whistleblowing reporting channels Whistleblowing Procedure Employees and other stakeholders may raise their concerns anonymously or otherwise and/or write to seek advice on the ST Engineering’s anti-bribery programme through the various whistleblowing communication channels (i.e. dedicated email account, postal address, 22 geographical toll-free telephone numbers, web and mobile reporting applications, hosted by an independent external provider). Concerns involving any member of the Board or the Senior Management or the Group Head, IA may be reported directly to the Chairman of the Board, the AC Chairman and the Group President & CEO via dedicated email at AC@stengg.com. The reporting channels are published on the Group’s website, intranet, and offices for accessibility and awareness. The Whistleblowing Policy and Procedures are reviewed by the AC from time to time to ensure that they remain relevant. Interested Person Transactions The Group has established policies and procedures for reviewing and approving interested person transactions (IPTs) in accordance with the general mandate from shareholders to ensure that such transactions are conducted fairly on an arm’s length basis and will not be prejudicial to the interest of the Company and/or its minority shareholders. The Group maintains a register of interested persons to facilitate the identification of IPTs. IPTs are reviewed by internal auditors and reported to the AC on a quarterly basis. Where any IPT requires shareholders’ approval, the interested person abstains from voting and the decision is made by other shareholders. The general mandate from shareholders is put up for approval at each AGM and stipulates the review procedures to ensure IPTs are undertaken on arm’s basis and on normal commercial terms consistent with the Group’s usual business practices and policies, which are generally no more favourable to the interested persons than those extended to unrelated third parties. Details of IPTs entered into by the Group for financial year 2021 are set out on page 281 of this annual report. SHAREHOLDER RIGHTS AND ENGAGEMENT Shareholder Rights and Conduct of General Meetings (Principle 11) Conduct of 24th Annual General Meeting Arising from the COVID-19 pandemic, ST Engineering’s 24th AGM was conducted in accordance with the alternative arrangements for general meetings prescribed by a ministerial order issued under the COVID-19 (Temporary Measures) Act 2020. The Annual Report, Notice of AGM and Proxy Form for the 24th AGM were made available via SGXNET and our corporate website. The meeting was conducted via electronic means whereby its shareholders attended via live audio-visual webcast or live audio-only stream. Shareholders submitted questions in advance upon registration for the attendance. The Company addressed the substantial and relevant questions received by publishing the answers via SGXNET and our corporate website before the meeting. Our Group President & CEO started the 24th AGM by recapitulating the Company’s growth strategy and aspiration, as well as the Group’s performance in 2020. He also provided an overview of the Group’s priorities in 2021, the Group’s operations amid COVID-19 and the mitigation factors for COVID-19 impact as well as the Group’s support to the local eco systems. The presentation material was also available on both SGXNET and our corporate website. The Chairman and President & CEO addressed all questions submitted live during AGM. CORPORATE GOVERNANCE REPORT 116 ST ENGINEERING ANNUAL REPORT 2021 GOVERNANCE → Corporate Governance Report View our whistleblowing reporting channels 75 ST ENGINEERING SUSTAINABILITY REPORT 2021 OVERVIEW OUR SUSTAINABILITY APPROACH ENVIRONMENTAL SOCIAL GOVERNANCE AWARDS INDEX
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