24
ANNUAL REPORT 2015/2016
Principle 4 : Board Membership
Principle 5 : Board Performance
The Company does not have a Nominating Committee. The Board retains the responsibility for the identification, review
and appointment of suitable candidates to join the Board as its members, taking into consideration (a) the candidate’s
skill, experience and ability to perform, (b) the needs of the Board, (c) the candidate’s other commitments and (d) the
independence of the candidate. When a need for a new Director arises, either to replace a retiring Director or to enhance
the Board’s strength, the Board will source for new candidates with the desired competencies. External help may be
engaged to source for potential candidates if considered necessary. Where necessary, the Board may also tap on its
networking contacts to assist with identifying and shortlisting of candidates. The Board will meet shortlisted candidates
for an interview before the appointment is considered and approved.
The Board is also responsible for the re-nomination of Directors, determining annually if a Director is independent, and
deciding if a Director is able to and has been adequately carrying out his duties as a Director if he has multiple board
representations.
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 are the lists of the Directors’ principal commitments, directorships both present and those
held over the preceding three years in other listed companies:
Director
Present Directorships
in Other Listed
Companies
Directorships
in Other Listed
Companies Held Over
the Preceding 3 Years
Principal
Commitments
Kuah Kok Kim
–
–
–
Kuah Boon Wee
– The Hour Glass Limited
– UOB-Kay Hian Holdings
Limited
– The Hour Glass Limited
–
Nicholas Campbell Cocks
–
–
Mr. Cocks is the Chief Executive
Officer of Readymix Group. 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
– 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.
CORPORATE
GOVERNANCE REPORT
