24
CORPORATE GOVERNANCE REPORT
The Board is satisfied that Directors who have multiple board representations have devoted sufficient time and attention
to the affairs of the Group. Their multiple board representations do not hinder their abilities to carry out their duties
as Directors of the Company. Accordingly, the Board has decided not to fix a maximum number of listed company
board representations which any director may hold. The Board would continue to review from time to time the board
representations and other principal commitments of each Director to ensure that the Directors continue to meet the
demands of the Group and are able to discharge their duties adequately.
Apart from the Group, below is the list of the Directors’ principal commitments, present and past directorships in other
listed companies:
Director
Present Directorships
in Other Listed
Companies
Past Directorships
in Other Listed
Companies Held Over
the Preceding 3 Years
Principal
Commitments
Kuah Kok Kim
–
–
–
Kuah Boon Wee
– The Hour Glass Limited
–
–
Nicholas Campbell Cocks
–
–
Mr. Cocks is the Chief Executive
Officer of Readymix Group
and ResourceCo Asia. He also
sits on the board of Forest
Adventure Pte Ltd.
Chew Soo Lin
– Asia-Pacific Strategic
Investments Limited
– Duty Free International
Limited
– Khong Guan Flour Milling
Limited
–
Mr. Chew is the Executive
Chairman of Khong Guan Flour
Milling Limited and sits on the
board of certain subsidiaries
of Khong Guan Flour Milling
Limited.
Christopher Ho Han Siong
–
–
Mr. Ho is the Senior Vice
President for Investments in
Tai Tak Securities Pte Ltd and
sits on the board of certain
subsidiaries of Tai Tak Group.
Huang Yuan Chiang
– Hwa Hong Corporation
Limited
– Mercator Lines (Singapore)
Limited
–
–
Ong Choo Eng
– Hwa Hong Corporation
Limited
– Singapore Reinsurance
Corporation
–
Mr. Ong is the Group Managing
Director of Hwa Hong
Corporation Limited.
Article 91 of the Company’s Articles of Association requires one-third of the Directors to retire by rotation at every
Annual General Meeting. Each Director is required to retire at least once every three years. In addition, all new Directors
must submit themselves for re-election at the next Annual General Meeting of the Company immediately following
their appointment.
Pursuant to Section 153(6) of the Companies Act, Cap. 50, a Director of over the age of 70 years, may, by ordinary
resolution passed at the Company’s Annual General Meeting be appointed or re-appointed as a director of the Company
to hold office or be authorised to continue in office as a director of the Company, until the next Company’s Annual
General Meeting.
