23
Report on
Corporate Governance
Principle 2 – Board Composition and Guidance
Currently
,
the Board comprises five directors
,
as set out below
.
There are two Executive Directors namely
Kelvin Lim who is the Executive Chairman and Group Managing Director of the Company
,
and Jess Lim
who is the Executive Director and Group Deputy Managing Director of the Company
.
The Non-Executive and
Independent Directors comprise Mr Lee Gee Aik
,
Ms Ch
’
ng Li-Ling and Mr Eddie Yong
.
Director
Designation
Date of Initial
Appointment
AC
NC
RC
Kelvin Lim Executive Chairman and
Group Managing Director 10 July 2014
–
Member
–
Jess Lim
(1)
Executive Director and
Group Deputy Managing
Director
10 July 2014
–
–
–
Lee Gee Aik
(2)
Lead Independent Director 10 March 2015 Chairman Member
Member
Ch
’
ng Li-Ling
(3)
Independent Director
10 March 2015 Member
Member
Chairman
Eddie Yong
(4)
Independent Director
10 March 2015 Member
Chairman Member
Notes
:
(1) Ms Jess Lim will retire pursuant to Article 98 of the Articles of Association of the Company and is subject to re-election as a director
at the forthcoming Annual General Meeting (
“
AGM
”
) of the Company
.
(2) Mr Lee Gee Aik will retire pursuant to Article 102 of the Articles of Association of the Company and is subject to re-election as a
director at the forthcoming AGM of the Company
.
(3) Ms Ch
’
ng Li-Ling will retire pursuant to Article 102 of the Articles of Association of the Company and is subject to re-election as a
director at the forthcoming AGM of the Company
.
(4) Mr Eddie Yong will retire pursuant to Article 102 of the Articles of Association of the Company and is subject to re-election as a
director at the forthcoming AGM of the Company
.
Details of the Directors
’
qualifications and experiences are set out on pages 10 to 12 of this Annual Report
.
The NC evaluates on an annual basis whether or not a Director is independent in accordance with the Code
.
The NC has reviewed and confirmed the independence of the Independent Directors
,
Mr Lee Gee Aik
,
Ms
Ch
’
ng Li-Ling and Mr Eddie Yong in accordance of the Code
.
The Independent Directors have also confirmed their independence in accordance with the Code
.
Each
member of the NC has abstained from deliberations in respect of the assessment of his or her own
independence
.
There is no Independent Director who has served beyond nine years since the date of his or her first
appointment
.
As more than half of the Board is independent
,
the requirement of the Code that at least half of the Board
comprises Independent Directors where the Chairman and the Chief Executive Officer (or equivalent) is the
same person
,
is part of the management team and is not an independent director
,
is satisfied
.
