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Corporate Governance

At ecoWise, the Board of Directors (“The Board”) are committed to maintaining a high standard of corporate governance within ecoWise Holdings Limited and its subsidiaries (“The Group”). The Board recognises the importance of practising good corporate governance as a fundamental part of its responsibilities to protect and enhance shareholder’s value and financial performance of The Group.

Our Corporate Governance Report describes The Group’s corporate governance practices with specific references to the Code of Corporate Governance 2012. The report is available in our Annual Report.

 

Whistleblowing Policy & Procedure

Reportable Incidents

Some examples of reportable incidents covered by this policy include (but not exhaustive):

  • Serious Lapses in The Group’s accounting, internal controls or auditing issues.
  • Impropriety, fraud, corruption, bribery, theft and misuse of The Group’s properties, assets or resources.
  • Conduct which is an offence or breach of law or regulations.
  • Non-disclosure of serious conflict of interests.
  • Any effort to mislead, deceive, manipulate, coerce or fraudulently influence any internal or external accountant or auditor in connection with the preparation, examination, audit or review of any financial statements or records of The Group.
  • Any improper activities which may cause financial or non-financial loss, or damage to The Group’s reputation.
  • Deliberate concealment of any of the above malpractices or misconducts.

Reporting Mechanism

The whistleblower procedure is intended to be used for reportable incidents. Reportable incidents can be reported via the following channels:

Mailing Address
Chairman of the Audit Committee of ecoWise Holdings Limited
c/o 190 Middle Road
#15-08 Fortune Centre
Singapore 188979

Email Address:

All reports received will be treated with the utmost confidentiality and attended to by the Audit Committee directly.
When making the report, the whistleblower should provide as far as possible the following information:

  • Name, NRIC and contact details
  • Date, time and place of alleged improprieties
  • Circumstances leading to the improprieties and evidence, if any, of the impropriety
  • Any other information or documentation that would assist in the evaluation of the improprieties

Handling of Complaint

  • All complaints will be directed to the Chairman of the Audit Committee (“AC”) of the Company. The AC Chairman will review the information received, interview the Whistle Blower(s), if required, and exercise his own discretion or in consultation with the other AC members to determine whether the circumstances warrant an investigation. Some concerns may be resolved by agreed action without the need for investigation.
  • If investigation is necessary, the AC of the Company will direct an independent investigation to be conducted on complaint received. All Whistle Blowers have a duty to cooperate with investigations.
  • The investigation report will be submitted to the AC and, if appropriate, reviewed by the CEO, Deputy CEO and the CFO of the Group. A final report, with recommendations for changes, if desires, shall be produced by the top management for appropriate actions. The outcome and findings will be reported to the Board of Directors for follow-up actions.

Report to Complainant

  • Within 14 days from the date the concern has been raised, the Whistle Blower shall be informed whether the concern raised falls within the scope of reportable incidents covered by this policy.
  • When the concern raised does not fall within the scope of this policy, no further action will be taken, pending submission of new or relevant information. However, as a matter of record, the concern raised will be entered in a record book to be kept in the CEO’s office.