A N N U A L R E P O R T 2 0 1 6
38
CORPORATE
GOVERNANCE
Guideline
Code and/or Guide Description Company¡¯s Compliance or Explanation
All NC members have abstained from the voting or review process of any matters in
connection with the assessment of his/her performance.
The Company Secretary acts as an external facilitator in the evaluation process.
(b) Has the Board met its
performance objectives?
The NC, having reviewed the overall performance of the Board in terms of its role and
responsibilities and the conduct of its affairs for FY2016, is of the view that the performance
of the Board as a whole has been satisfactory, and that the Board has met its performance
objectives.
Access to Information
6.1
6.2
10.3
What types of information does the
Company provide to Independent
Directors to enable them to
understand its business, the
business and financial environment
as well as the risks faced by the
Company? How frequently is the
information provided?
The Management provides the Directors with the relevant board papers and information
(such as related materials, background or explanatory information relating to matters to
be brought before the Board) in a timely manner prior to each Board meeting. The Board
is provided with the contact details of key executives and has separate and independent
access to such persons.
Table 7 ¨C Types of information provided by key management personnel to
Independent Directors
Information
Frequency
1.
Board papers (with background or explanatory information relating
to the matters brought before the Board, where necessary)
Quarterly
2.
Updates to the Group¡¯s operations and the markets in which the
Group operates
Quarterly
3.
Management accounts (with financial variance analysis), and external
auditor¡¯s and internal auditor¡¯s report(s)
Quarterly
4.
Enterprise risk management report framework
Quarterly
5.
Updates on the Group¡¯s whistle blowing policy
Quarterly
