SINGAPORE WINDSOR HOLDINGS LIMITED
| Annual Report 2015
29
Year ended 31 March 2015
DIRECTORS’
REPORT
4.
Contractual benefits of directors
Since the beginning of the reporting year, no director of the company has received or become entitled to receive
a benefit which is required to be disclosed under section 201(8) of the Act by reason of a contract made by the
company or a related corporation with the director or with a firm of which he is a member, or with a company in
which he has a substantial financial interest except as disclosed in the financial statements.
5.
Share options
During the reporting year, no option to take up unissued shares of the company or any subsidiary was granted.
During the reporting year, there were no shares of the company or any subsidiary issued by virtue of the exercise of
an option to take up unissued shares.
At the end of the reporting year, there were no unissued shares of the company or any subsidiary under option.
6.
Audit committee
The members of the audit committee at the date of this report are as follows:
Wong Yen Siang
–
Independent Director, Chairman of Audit Committee
Wee Sung Leng
–
Independent Director
Fong Sing Chak Jack
–
Non-Executive Director
The audit committee performs the functions specified by section 201B(5) of the Act. Among other functions, it
performed the following:
z
Reviewed with the independent external auditors their audit plan;
z
Reviewed with the independent external auditors their evaluation of the company’s internal accounting
control, and their report on the financial statements and the assistance given by the company’s officers to
them;
z
Reviewed the financial statements of the group and the company prior to their submission to the directors of
the company for adoption; and
z
Reviewed the interested person transactions (as defined in Chapter 9 of the Singapore Exchange Securities
Trading Limited‘s Listing Manual).
Other functions performed by the audit committee are described in the report on corporate governance included
in the annual report of the company. It also includes an explanation of how independent auditor objectivity and
independence is safeguarded where the independent auditors provide non-audit services.
The audit committee has recommended to the board of directors that the independent auditors, RSM Chio Lim LLP,
be nominated for re-appointment as independent auditors at the next annual general meeting of the company.
7.
Independent auditors
The independent auditors, RSM Chio Lim LLP, have expressed their willingness to accept re-appointment.
