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CORPORATE GOVERNANCE
(f) approval of fnancial results announcements, annual reports and audited fnancial statements; and
(g) the proposal of dividends and other returns to shareholders.
To facilitate effective execution of its functions, the Board has delegated certain functions to three specialised committees, namely the Nominating
Committee (“NC”), Remuneration Committee (“RC”) and Audit Committee (“AC”) (collectively, the “ Board Committees”). These Board Committees
operate under clearly defned terms setting out its respective roles and report to the Board on the outcome and recommendations. The terms and
the effectiveness of each Board Committee is also reviewed by the Board on a regular basis.
The Board meets regularly at least half-yearly and additional meetings for particular matters will be convened as and when they are deemed
necessary. The Articles of Association of the Company (“Articles”) provide for Directors to convene meetings other than physical meetings, by
teleconferencing or videoconferencing.
The number of meetings held by the Board and Board Committees and attendance of each member of the Board for the fnancial year ended 31
March 2014 are as follows:
Name of Director Board
Nominating
Committee
Remuneration
Committee
Audit
Committee
Number of meetings held 4 2 3 4
Number of meetings attended:
Han Keen Juan 4 – – –
Lim Tao-E William 4 – – –
Chow Hui Shien 4 – – –
Ong Chin Lin 4 2 3 4
Wong Chak Weng 4 2 3 4
Wong Ming Kwong 4 2 3 4
During the fnancial year reported on, all Directors had received updates on regulatory changes to the Listing Manual Section B: Rules of Catalist
(the “Catalist Rules”) of the Singapore Exchange Securities Trading Limited (the “SGX-ST”). The Directors had also received appropriate trainings
to develop individual skills and to receive updates on changes in the relevant laws and regulations and changing commercial risks.
The Company also encourages the Directors to attend training courses organised by the Singapore Institute of Directors or other training
institutions in connection with their duties as Directors. During FY2014, two of our Independent Directors, namely Ong Chin Lin and Wong Chak
Weng, attended courses organised by Ernst & Young LLP on fnancial reporting updates.
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Annual Report 2014 •