Corporate Governance

The Board of Directors of Boustead Projects Limited is committed to maintaining a high standard of corporate governance and transparency within the Company and its subsidiaries, in line with the principles and provisions set out in the revised Code of Corporate Governance 2018 (“Code”).  This establishes and maintains a legal and ethical environment in the Group to preserve the interests of all shareholders and stakeholders.

The Board is pleased to present its FY2020 Corporate Governance Report which outlines the Company’s corporate governance practices for the financial year ended 31 March 2020 (“FY2020”) with specific reference made to the principles and provisions of the Code and accompanying Practice Guidance issued on 6 August 2018 and updated as of 7 February 2020, which forms part of the continuing obligations of the Listing Rules of the Mainboard of the Singapore Exchange Securities Trading Limited.

Except where specifically stated, the Company has adhered to the principles and provisions as set out in the Code for FY2020.  Where the Company’s practices vary from any provisions of the Code, these variations are identified together with an explanation of the reason for the variation and an explanation on how the practices which the Company has adopted are consistent with the intent of the relevant principle.