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Governance

governance
At Winking Studios, our Board of Directors is dedicated to maintaining exemplary corporate governance practices. We uphold the principles outlined in the Code of Corporate Governance 2018 with unwavering commitment.

This is evident in the diligent efforts of our Directors and Management to uphold high standards of transparency, accountability, and integrity in managing Winking Studios.

Our primary goal is to create sustainable value for all stakeholders while safeguarding the assets of Winking Studios, aligning closely with the Code's requirements.
Governance

Corporate Governance

Corporate Structure
Market Presence
Corporate Governance Report
governance-business-ethics

Buiness Ethics

Business Ethics
Anti-corruption
governance-accountability

Accountabiliy & Audit

Risk Management & Internal Controls
Whistle Blowing System
governance-information-security

Information Security & Data Policy

Information Security & Data Policy

Corporate Structure Overview

Corporate-Structure_EN

Market Presence

Winking Studios is committed to driving local economic growth and fostering social mobility by integrating its operations deeply within the communities it serves. Our management approach focuses on building long-term resilience through the following strategies:

◇ Local Talent Empowerment: We prioritize local hiring and the promotion of homegrown talent into leadership roles, enhancing our market understanding while ensuring organizational continuity.

◇ Competitive & Equitable Pay: We maintain wage parity for entry-level positions across all global hubs. In regions with statutory minimum wages, we intentionally offer rates above the prevailing average to support the local standard of living.

◇ Ethical Labor Standards: We uphold fair labor practices for both direct and non-direct employees, ensuring all compensation exceeds legal mandates to promote responsible and sustainable employment.

◇ Structured Career Progression: By focusing on internal development and recognizing skilled talent through promotions, we maintain a stable, motivated workforce that reinforces our leadership in the gaming industry.

Corporate Governance Report

Corporate Governance Report

Business Ethics

The Group’s anti-corruption and ethics approach is built around a formal ethical framework, organisation-wide communication, targeted training, third-party engagement, and safe reporting channels. The Group maintains a comprehensive ethical framework that is formally communicated to its governing bodies. Anti-corruption policies and procedures are communicated to all members of the Board.

Anti-corruption

The Group communicates its anti-corruption policies across its workforce to promote awareness and adherence to ethical guidelines. Beyond policy communication, the Group prioritises anti-corruption training for employee groups that are more likely to be exposed to corruption risks, equipping them to recognise, avoid and report improper conduct. The Group promotes ethical conduct across its business ecosystem by communicating its anti-corruption policies to suppliers and clients and encouraging adherence to the Group’s standards.

Risk Management & Internal Controls

The Board regularly reviews and improves its business and operational activities to identify areas of significant business risks as well as determine the Company’s levels of risk tolerance and risk policies as well as overseeing the Management in the design, implementation and monitoring of the risk management and internal control systems to control, manage and mitigate these risks. The Management reviews the risk management and internal control systems and highlights all significant matters to the Audit Committee and Board from time to time. The Board acknowledges that it is responsible to ensure that the Company maintains an adequate system of risk management and internal controls to safeguard the assets of the Group. In addition, it is essential to maintain adequate accounting records, develop and maintain an effective control environment within the Group.

The Board recognizes that all internal control systems contain inherent limitations and no system of internal controls could provide absolute assurance against the occurrence of material errors, poor judgment in decision-making, human error, losses, fraud or other irregularities. Nevertheless, the Board strives to identify key risk areas in every aspect of the Group and improve internal controls to mitigate such risks in order to achieve the overall business objective of the Group and enhance the long-term shareholders’ value. Winking had established the internal audit function before listing on the SGX-ST. The Group conducts and reviews the adequacy and effectiveness of the Group’s internal controls on a regular basis in light of the size and complexity of the Group’s operations. The Group regularly or irregularly reports to the audit committee and the board of directors.

In preparation for listing, the Company engaged Baker Tilly Consultancy (Singapore) Pte. Ltd. as the internal auditors and held discussions on internal controls. Following the listing, the Company was in the process of sourcing for a suitable internal auditor to conduct and review the adequacy and effectiveness of the Group’s internal controls on a regular basis in light of the size and complexity of the Group’s operations. The Audit Committee and the Board also review the effectiveness of the actions taken by the Management on the recommendations made by the internal auditors in preparation for the listing. The Audit Committee, with the participation of the Board, has reviewed the adequacy and effectiveness of the Group’s internal controls that address financial, operational, compliance and information technology risks and risk management systems for the type and volume of business that the Group currently operates. The Board would ensure that there is an on-going process for identifying, evaluating and managing significant risks covering financial aspects, compliance risks and other operational areas of the Group.

The Board recognizes that the risk management and internal control systems established by the Group provide reasonable, but not absolute, assurance that the Group will not be adversely affected by any event that can be reasonably foreseen as it strives to achieve its business objectives. The Board and the Audit Committee of the Company held the view that the review of the Group’s risk management and internal controls systems could be subsumed under the Audit Committee.

Whistle Blowing System

To safeguard the rights and interests of stakeholders, promote communication and most importantly, uphold corporate governance, Winking Studios formulated a whistleblowing reporting mechanism for anonymous reporting to not only handle any incidents of corporate governance violations, fraud, corruption, or criminal matters by the company personnel, but also receive suggestions to strengthen corporate governance. This encourages transparency, accountability, and ethical behavior while mitigating risk associated with misconduct or wrongdoing.

Information Security & Data Policy

The Group manages information security and data privacy through a combination of certification-led governance, preventive controls, testing and monitoring, incident response, and employee capability-building.

We have maintained our ISO 27001 certification from the British Standards Institution (“BSI”), reflecting a structured approach to information security controls and risk management. In line with this framework, the Group designs and implements a coherent suite of information security controls and applies appropriate risk treatments for any risks deemed unacceptable.

To safeguard our technology environment, the Group deploys anti virus software and firewalls across all company devices and conducts regular vulnerability testing to ensure that the security infrastructure remains robust and effective. An incident reporting protocol is in place to address potential cyber incidents and data breaches promptly and consistently. In addition, employees receive regular training to strengthen their ability to identify and respond to security and privacy risks, reinforcing a culture of vigilance and accountability.