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SINGAPORE SHIPPING CORPORATION LIMITED
The Chairman and the Deputy Chairman are brothers, and the CEO is the son of the Chairman and
nephew of the Deputy Chairman.
With the full support of the Board, Company Secretary and management, the Chairman spearheads
the Company’s drive to promote, attain and maintain high standards of corporate governance and
transparency. He also ensures overall effective communications to and with Shareholders of the
Company on the performance of the Group. The Chairman with the assistance of the Company
Secretary, ensures that Directors are provided with clear, complete and timely information in order to
make sound informed decisions.
In addition to the Chairman, Tan Guong Ching, the lead independant director (“Lead Independent
Director”) is appointed by the Board to serve in a lead capacity to coordinate the activities of the
independent directors (“Independent Directors”). The Lead Independent Director’s role would include
assisting the Chairman to ensure effective corporate governance in the management of the affairs of
the Board and to provide feedback to the Chairman on matters which Independent Directors consider
to be in the interest of the Group that such feedback be raised. The Lead Independent Director is also
available to Shareholders if there are concerns relating to matters which contact through the normal
channels to the Chairman is deemed inappropriate by Shareholders. Led by the Lead Independent
Director, the Independent Directors would meet as and when required to discuss matters arising in
relation to the Company.
There is an appropriate balance and separation of power and authority, and clear division of
responsibilities and accountability, between the Chairman and the CEO, notwithstanding their
relationship, taking into consideration the CEO’s line of accountability is to the Board of the Company.
Principle 4: Board Membership
Nominating Committee
To achieve a transparent process for the appointment of directors to the Board, among other
considerations, the Company has established the NC. The Chairman of the NC is an Independent and
Non-Executive Director who is not associated with any substantial Shareholder of the Company. The
majority of the NC members are independent, and currently comprise of the following members:
CORPORATE GOVERNANCE STATEMENT
for financial year ended 31 March 2016
