General Announcement::CWT recognised for exemplary corporate governance and transparency

Issuer & Securities

Issuer/ Manager
CWT LIMITED
Securities
CWT LIMITED - SG1C20001063 - C14
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
03-Nov-2014 17:29:05
Status
New
Announcement Sub Title
CWT recognised for exemplary corporate governance and transparency
Announcement Reference
SG141103OTHRDI5J
Submitted By (Co./ Ind. Name)
Lye Siew Hong - Lynda Goh
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
SINGAPORE, November 3, 2014 CWT Limited today announced that it has won the Most Transparent Company award for the Industrials category at the Securities Investors Association (Singapore) ( SIAS ) 15th Investors Choice Awards (ICA), which honours and recognises public listed companies for their exemplary corporate governance and transparency practices throughout the year.

"At CWT, maintaining corporate governance and transparency is a top priority," said CWT Deputy Group CEO & Group CFO Lynda Goh, who received the award on behalf of CWT Group. "We remain committed to this cause backed by continued board guidance and strong support from management and staff."

The Most Transparent Company award acknowledges listed companies' efforts in ensuring timely and accurate information to the public. It takes into consideration transparency and disclosure based on the company s publicly available information of its performance and operations to help investors make informed decisions.

SIAS, together with Singapore Management University - Sim Kee Boon Institute for Financial Economics (SMU-SKBI) and Brendan Wood International, developed a new Scorecard based on international best practices (OECD) and Shareholder Confidence Index and not just the Singapore Corporate Governance Code. This new scorecard not only incorporates the voice of the shareholders, but is based on international standards.

Attachments

CWT_SIASAward_2014.pdf
Total size =102K