/ . 3 3
A N N U A L R E P O R T 2 0 1 5
T H E S T R E N G T H O F O U R B R A N D S
The Board considers that its directors possess the necessary competencies and knowledge to lead and govern the Group
effectively.
Taking into account the nature and scope of the Group’s business, the Board believes that the current composition and size
provide sufficient diversity without interfering with efficient decision-making.
As and when required, the Non-Executive and Independent Directors will hold meetings without the presence of management
and the Executive Directors, in order to facilitate a more effective check on the management and / or the Executive Directors.
D i r e c t o r s ’ i ndependenc e r e v i ew
Directors who have no relationship with the Group, its related corporations, officers or its shareholders with shareholdings
of 10% or more in the voting shares of the Company that could interfere, or be reasonably perceived to interfere, with the
exercise of the director’s independent business judgement in the best interests of the Group, is considered to be independent.
The Nominating Committee is tasked to determine on an annual basis, and as and when the circumstances require, whether
or not a director is independent, bearing in mind the Guidelines 2.3 and 2.4 set forth in the Code.
Annually, each director is required to complete a Director’s Declaration of Independence (“
Declaration
”) to confirm his
independence. The Declaration is drawn up based on the guidelines provided in the Code. Thereafter, the Nominating
Committee reviews the Declaration completed by each director, assesses the independence of the directors and recommends
its assessment to the Board.
The Nominating Committee has affirmed that Mr Ng Tiak Soon, Mr Lim Kim Quee and Mr Tan Siok Sing are Independent
Directors. None of the Independent Directors has served on the Board beyond nine years from their respective date of
appointment. Guideline 2.4 of the Code is therefore not applicable to the Board.
D i r e c t o r s ’ t ime commi tmen t s and mu l t i p l e d i r e c t o r s h i p s
All directors are required to declare their board appointments. The Nominating Committee has reviewed and is satisfied that
each director is able to devote sufficient time and attention to the affairs of the Company to adequately discharge his duties
as a director of the Company.
The key information on the directors is set out below:
name of Director
appointment
Date of appointment /
Last re-election
Directorships in other listed companies
Current as at 1 July 2015
For the past 3 years
Melvin Goh
Chairman and CEO 12 December 2012 /
31 July 2014
Nil
Nil
Andy Goh
Deputy CEO
12 December 2012
Nil
Nil
Lim Kim Quee
Independent Director
29 November 2013 /
31 July 2014
Nil
Nil
Ng Tiak Soon
Independent Director
29 November 2013 /
31 July 2014
800 Super Holdings Limited
Cordlife Group Limited
St. James Holdings Limited
Kinergy Ltd.
Tan Siok Sing
Independent Director
29 November 2013 /
31 July 2014
Changtian Plastic & Chemical Limited
Dukang Distillers Holdings Limited
Li Heng Chemical Fibre Technologies Limited
QingMei Group Holdings Limited
Nil
