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CORPORATE GOVERNANCE
Each member of the NC shall abstain from voting on any resolutions in respect of the assessment of his performance or re-nomination as Director.
The NC, having reviewed the overall performance of the Board in terms of its role and responsibilities and the conduct of its affairs as a whole
for the fnancial year reported on, is of the view that the performance of the Board as a whole has been satisfactory. The NC in assessing the
contribution of an individual Director, has considered each Director’s level of participation and attendance at Board and Board Committee
Meetings, his/her qualifcation, experience and expertise and the time and effort dedicated to the Group’s business and affairs. The NC is satisfed
that suffcient time and attention has been given to the Group by individual Directors.
Principle 6 – Access to Information
The Directors will be provided with the relevant board papers and information on a timely manner prior to each Board meeting. The Board is
provided with the contact details of key executives and the Company Secretary, and will have separate and independent access to such persons.
The Company Secretary will attend all Board meetings and ensures that all Board procedures are followed and ensure good information fows
within the Board and its committees and between key executives and Non-Executive Directors. The appointment and removal of the Company
Secretary is a matter for the Board as a whole. The Directors are entitled individually or as a group, to seek independent professional advice at the
expense of the Company, in furtherance of their duties.
Remuneration Matters
Principle 7 – Procedures for Developing Remuneration Policies
The RC comprises Wong Ming Kwong as Chairman, and Ong Chin Lin and Wong Chak Weng as members. All members of the RC are Non-
Executive Independent Directors.
The RC is governed by written terms of reference under which it is responsible for, amongst others:-
(a) reviewing and recommending to the Board, a general framework of remuneration for the Directors and key executives, which will be
submitted for endorsement by the entire Board;
(b) reviewing and recommending annually to the Board, the specifc remuneration packages for each Director as well as for the key executives;
(c) reviewing all aspects of remuneration, including but not limited to Directors’ fees, salaries, allowances, bonuses, options, share-based
incentives and awards and benefts-in-kind;
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Annual Report 2014 •