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Protection Against ReprisalSIAS recognises that the decision to report a concern can be a difficult one to make, not least, because of the fear of reprisal from those responsible for the alleged malpractice. SIAS will not tolerate harassment or victimisation and will take all possible action to protect anyone who raises a concern in good faith. However, SIAS does not condone frivolous, mischievous or malicious allegations and anyone making such allegations may face disciplinary act. ConfidentialitySIAS requires the whistleblower to identify himself/herself when raising a concern or providing information. All concerns will be treated with the strictest confidentiality. Exceptional circumstances under which information provided by the whistleblower could or would not be treated with confidentiality include: a. Where SIAS is under a legal obligation to disclose information provided. b. Where the information is already in the public domain. c. Where the information is given on a strictly confidential basis to legal or auditing professionals for the purpose of obtaining professional advice. d. Where the information is given to the police or other authorities for criminal investigation.ProceduresConcerns may be raised with information provided to: Private & Confidential For the Attention of Audit Committee Chairman Securities Investors Association (Singapore) 7 Maxwell Road #05-03 MND Building Annexe B Singapore 069111 Email Address: audit_committee@sias.org.sg Such reports are preferably made in writing, either in the form of a letter or email, and in detail setting out the background and history of events as well as the reason(s) for concern. Assessment of the concern or information shall be made with due consideration given to the following factors:a. Seriousness of the issue raised; b. Credibility of the concern or information; and c. Likelihood of confirming the concern or information from the attributable sources Depending on the nature of the concern raised or information provided, the investigation will be conducted, involving one or more of the following individuals or entities: a. The Audit Committee b. The External Auditor, and / or c. The Police or Commercial Affairs DepartmentThe amount of contact between the whistleblower and the person(s) investigating the concern raised or information provided will be determined by the nature and clarity of the matter reported. Further information may be sought from the whistleblower during the course of the investigation. When the investigation is completed, the investigating officer(s) will report the findings to the Audit Committee for its necessary action. If the whistleblower identifies himself/herself, the Audit Committee will look into the matter and will reply to the person within 2 weeks. If the message is anonymous there is no obligation for the Audit Committee to respond. The Audit Committee will decide if the report is deemed as whistleblowing based on the policy as stated above.Governance Report41 25TH ANNUAL REPORT | 2023 - 2024