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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
P r oc e s s f o r s e l e c t i on and appo i n tmen t o f new d i r e c t o r s
The Nominating Committee leads the process of selection appointment of new directors. The Nominating Committee
has in place a formal, written procedure for making recommendation to the Board on the selection and appointment
of directors. Such procedures would be activated when a vacancy on the Board arises or when the Board is considering
making a new Board appointment either to enhance the core competency of the Board or for the purpose of progressive
renewal of the Board.
The Nominating Committee will evaluate the balance, skills, knowledge and experience of the existing Board and the
requirements of the Group, in determining the role and key attributes that an incoming director should have.
Upon endorsement by the Board of the key attributes, the Nominating Committee may:
•
Advertise or use services of external advisers to facilitate a search;
•
Approach alternative sources such as the Singapore Institute of Directors; and / or
•
Consider candidates from a wide range of backgrounds from internal or external sources.
After short-listing the candidates, the Nominating Committee shall:
•
Consider and interview all candidates on merit against objective criteria, taking into consideration that appointees have
sufficient time availability to devote to the position; and
•
Evaluate and agree to a preferred candidate for recommendation to and appointment by the Board.
Article 117 of Company’s Articles of Association provides that the directors shall have the power at any time to appoint
additional directors who shall hold office only until the next AGM. No new director has been appointed in FY2015.
P r oc e s s f o r r e - appo i n tmen t o f d i r e c t o r s
The Nominating Committee is responsible for the re-appointment of directors. In its deliberation on the re-appointment of
existing directors, the Nominating Committee takes into consideration the director’s contribution and performance (including
his contribution and performance as an Independent Director, if applicable).
The assessment parameters include attendance record, preparedness, intensity of participation and candour at meetings of
the Board and Board Committees as well as the quality of intervention and special contribution.
All directors submit themselves for re-nomination and re-appointment at regular intervals of at least once every three years.
Article 113 of the Company’s Articles of Association provides that one-third of the directors for the time being (or, if their
number is not a multiple of three, the number nearest to but not less than one-third) shall retire from office by rotation and be
subject to re-election at the Company’s Annual General Meeting (“AGM”).
Pursuant to the one-third rotation rule, Mr Andy Goh, who was appointed on 12 December 2012, and Mr Tan Siok Sing who
was appointed on 29 November 2013, will retire and submit himself for re-election at the forthcoming AGM. Each member
of the Nominating Committee abstains from making any recommendations and / or participating in any deliberation of the
Nominating Committee and from voting on any resolution, in respect of the assessment of his own performance or re-
nomination as director.
CorPoraTE
goVErnanCE rEPorT
