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E U R O S P O R T S G L O B A L L I M I T E D
CorPoraTE
goVErnanCE rEPorT
EuroSports Global Limited (the “
Company
”) and its subsidiaries (collectively, the “
group
”) is committed to maintaining a high
standard of corporate governance in complying with the Code of Corporate Governance 2012 (the “
Code
”) which forms part
of the continuing obligations of the Singapore Exchange Securities Trading Limited (“
SgX-ST
”) listing rules.
In line with the commitment by the Company to maintaining a high standard of corporate governance, the Company will
continually review its corporate governance processes to strive to fully comply with the Code. The Board is pleased to report
compliance of the Company with the Code where applicable except otherwise stated.
( a ) boa r d ma t t e r s
The boa r d ’ s Conduc t o f i t s a f f a i r s
Principle 1: Every company should be headed by an effective board to lead and control the Company. The board is
collectively responsible for the long-term success of the Company. The board works with management to achieve this
objective and management remains accountable to the board.
The Board’s primary role is to provide effective leadership and direction to enhance the long-term value of the Group to its
shareholders and other stakeholders. The Board oversees the business affairs of the Group.
The Board is also responsible for the following corporate matters:
•
Review the strategic plans and performance objectives, financial plans and annual budget, key operational initiatives,
major funding and investment proposals, financial performance reviews and corporate governance practices;
•
Set the Group’s strategic objectives, and ensure that the necessary financial and human resources are in place for the
Group to meet its objectives;
•
Oversee the process of evaluation on the adequacy of internal control, financial reporting and compliance;
•
Oversee the adequacy and effectiveness of the Group’s risk management framework and policies;
•
Review the remuneration policies and guidelines for the Board and Management;
•
Review the performance of Management and oversee the succession planning of Senior Management;
•
Set the Group’s values and standards (including ethical standards) and ensure that obligations to shareholders and
other stakeholders are understood and met;
•
Ensure that the Group and the Management comply with laws, regulations, policies, directives, guidelines and internal
code of conduct; and
•
Consider sustainability issues, e.g. environmental and social factors, as part of the strategic formulation.
All directors exercise due diligence and independent judgement, and make decisions objectively in the best interest of the
Group. At the date of this report, the members of the Board and their membership on the Board Committees of the Company
are as follows:
Director
board appointment
audit
Committee
nominating
Committee
remuneration
Committee
Melvin Goh Executive Chairman and Chief Executive Officer (“
CEo
”)
–
–
–
Andy Goh Executive Director and Deputy CEO
–
–
–
Lim Kim Quee Non-Executive and Independent Director
Member
Member
Chairman
Ng Tiak Soon Non-Executive and Lead Independent Director
Chairman
Member
Member
Tan Siok Sing Non-Executive and Independent Director
Member
Chairman
Member
