The Company recognises the importance of good corporate governance and is committed to ensure a high standard of corporate governance to enhance corporate performance and protect the interest of the shareholders. The Code of Corporate Governance 2012 (the "Code") is applicable to the Company in respect of its financial year ended 31 March 2016 ("FY2016").
The Company has endeavoured to observe and adhere to the principles and guidelines as set out in the Code in FY2016, and this Corporate Governance Report describes the Group's corporate governance practices and sets out the manner in which the Group has applied the principles and the extent of compliance with the guidelines as set out in the Code, and where applicable, the Listing Manual of Singapore Exchange Securities Trading Limited ("SGX-ST") (the "Listing Manual"). Where there have been deviations from the Code, appropriate explanations have been provided in this Corporate Governance Report.
In the opinion of the Board of the Directors of the Company (the "Board"), the Company has generally complied with all of the provisions as set out in the Code for FY2016.