Corporate Governance Report
The Board of Directors (“Board”) and the management (“Management”) of Hock Lian Seng Holdings Limited (the “Company”) and its subsidiaries (collectively referred to as the “Group”) are committed to achieve good standard of corporate governance and business conduct in order to protect the interest of shareholders. The Board and Management are mindful of the tenets of good governance that includes accountability, transparency and sustainability. The Company believes that embracing such efforts are more likely to engender investor confidence and achieving long-term sustainable business performance.
This report sets out the Company’s corporate governance practices and activities in respect of the financial year ended 31 December 2023 (“FY2023”) in relation to each of the principles of the Singapore Code of Corporate Governance 2018 (the “Code”) and where applicable, the Listing Manual of the Singapore Exchange Securities Trading Limited (“SGX-ST”). The Company seeks to comply with the best practices as outlined in the Code where applicable, feasible and practical to the Group any deviations from the Code are explained in this report.