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Relevant new releases issued by the Singapore Exchange Securities Trading Limited (“SGX-ST”) and the Accounting
and Corporate Regulatory Authority (“ACRA”) are circulated to the Board.
A formal appointment letter is sent to all newly-appointed directors upon their appointment, explaining, among
other matters, their roles, obligations, duties and responsibilities as members of the Board. All new directors are
oriented by senior management with the Company’s and Group’s businesses and operations, its significant financial,
accounting and risk management issues, its principal officers and its independent auditors.
Directors are informed of and encouraged to attend relevant courses conducted by the Singapore Institute of
Directors, Singapore Exchange Limited and relevant business and financial consultants. During the year, the
Company secretary conducted detailed briefing on new disclosure listing requirement at Board meetings.
Annually, the Company’s external auditors update the Audit Committee on new and revised financial reporting
standards that are applicable to the Company and Group.
The directors’ attendance at those meetings are as follows:
During 2012, the Board held four meetings:
Director (a) (b) Percentage (%)
Dr Lee Keng Thon 4 4 100%
COL (Ret) Rodney How Seen Shing 4 4 100%
Ng Kok Lip 4 4 100%
Professor Pang Eng Fong 4 4 100%
Lee Khin Tien 4 4 100%
Lee Kin Hong 4 4 100%
During 2012, the Audit Committee held four meetings:
(a) (b) Percentage (%)
COL (Ret) Rodney How Seen Shing 4 4 100%
Ng Kok Lip 4 4 100%
Professor Pang Eng Fong 4 4 100%
Lee Khin Tien 4 4 100%
During 2012, the Nominating Committee held two meetings:
(a) (b) Percentage (%)
Ng Kok Lip 1 1 100%
COL (Ret) Rodney How Seen Shing 1 1 100%
Professor Pang Eng Fong 1 1 100%
Lee Khin Tien 1 1 100%
REPORT ON CORPORATE GOVERNANCE