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2015/2016 ANNUAL REPORT
Independent and Non-Executive Directors
Tan Guong Ching
(Lead Independent and Non-Executive Director)
Ng Jui Ping
(Independent and Non-Executive Director)
Stanley Lai Tze Chang
(1)
(Independent and Non-Executive Director)
(1) Stanley Lai Tze Chang was appointed as an Independent and Non-Executive Director on 30 July 2015 replacing Jones Christopher Adrian
who retired as an Independent and Non-Executive Director on 30 July 2015.
The Board periodically conducts a review of its size and composition to ensure that both aspects
continue to meet the needs of the Group and to maintain the effectiveness of the Board. When
reviewing the size and composition of the Board, the Board takes into consideration various factors,
such as, (i) the executive status of the chairman of the Board, (ii) the balance of diversity of skills,
experience, gender and knowledge, (iii) balance between executive and non-executive members, (iv)
balance between independent and non-independent members, (v) the presence of a lead independent
director, and (vi) various market benchmarks. The Board is of the view that the current Board comprises
persons who as a group, provide core competencies necessary to meet the Group’s needs and that
the current board size is adequate, taking into account the nature and scope of the Group’s operations.
The appointment or re-appointment of directors is reviewed by the NC before recommending such
appointments or re-appointments to the Board for their nomination to shareholders of the Company for
approval.
The Directors include business, operations, finance and legal professionals, whose experience and
expertise include those relevant to the industries and environment in which the Group operates. A
profile of each of the Directors, their current directorships in both listed and non-listed companies,
chairmanships, past directorships over the preceding 3 years, their principal commitments, backgrounds
and qualifications may be found under pages 7 to 9 and page 50.
Principle 3: Role of Executive Chairman and Chief Executive Officer
Ow Chio Kiat is the Executive Chairman (“Chairman”) of the Board and through his strong leadership he
ensures its effectiveness by, among other matters, steering effective, productive and comprehensive
discussions amongst Board members, and with the management team on strategic, business and
other key issues pertinent to the business and operations of the Group. The Chairman is assisted by
Ow Cheo Guan who is the Deputy Executive Chairman (“Deputy Chairman”) of the Company.
Ow Yew Heng is the Chief Executive Officer (“CEO”) of the Company who leads management to
oversee the day-to-day management and operations of the Group and accounts to the Board in
his capacity as CEO. The CEO is assisted by the management team in the daily operations and
administration of the Group’s business activities and in the effective implementation of the Group’s
business strategies.
CORPORATE GOVERNANCE STATEMENT
for financial year ended 31 March 2016
