SingTel’s Full Financial Report for 2014 includes a Corporate Governance Report that describes SingTel’s main corporate governance practices with reference to the SGX and ASX principles of corporate governance and best practice recommendations. Unless otherwise stated in this Corporate Governance Report, those practices were in place for the financial year ended 31 March 2014. In developing and reviewing its corporate governance policies and practices, SingTel has sought to adopt a balanced approach by observing the spirit, and not just the letter, of the SGX and ASX corporate governance principles, taking into account its evolving needs as well as local and international developments.