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2015/2016 ANNUAL REPORT
Ng Jui Ping
Chairman
Ow Chio Kiat
Member
Tan Guong Ching
Member
The NC’s principal function, as guided by its terms, is as follows:
• Review and recommend to the Board the proposed objective performance criteria to be adopted
by the Board. Following the adoption of such criteria, the implementation of an annual evaluation
and assessment of the performance of the Board as a whole and the contribution of each Director
to the effectiveness and performance of the Board;
• Identify, review and recommend to the Board all appointments and re-appointments for approval
by the Board, taking into account the following: (i) the candidate’s qualifications, experience and
reputation; (ii) the size and composition of the Board; (iii) the performance and effectiveness of
the Board (taking into consideration the annual performance evaluation of the Board; among
other relevant assessments) with a view to determine how the nominated candidate would assist
to contribute towards increasing the performance and effectiveness of the Board; and (iv) the
skills, expertise and experience of the nominated candidate with a view to determine whether the
candidate’s appointment would benefit the Group and would contribute to the deliberations and
decisions of the Board;
• Review and recommend the structure, size and composition of the Board taking into consideration
the balance between executive and non-executive directors and between independent and non-
Independent directors and other relevant considerations; and
• Review the independence of all independent directors in accordance with the guidelines on
independence as set out in the 2012 Code. The NC is further required to review those independent
directors who have served on the Board for more than 9 years.
In addition to the above, the Board, with the assistance of the NC, reviews and determines whether
Directors who hold multiple listed board directorships and principal commitments are able to and have
devoted sufficient time to discharge their responsibilities adequately as required under the 2012 Code.
The NC has as part of its annual review, taken into account, among others (i) the contributions by
Directors to and during meetings of the Board and relevant Board Committees; (ii) the results of the
Board evaluation of its performance; and (iii) the directorships and principal commitments of individual
Directors. Having reviewed, the NC is of the view that requiring a cap on the number of listed company
board representations on each of the Directors is not required as despite the current directorships and
principal commitments of the individual Directors, their commitment, deliberations and decisions are
not hindered by such directorships and commitments.
CORPORATE GOVERNANCE STATEMENT
for financial year ended 31 March 2016
