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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 onmerit 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 Constitution 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 FY2016.
Process for re-appointment of directors
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 Constitution 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 AGM.
Pursuant to the one-third rotation rule, Mr Ng Tiak Soon, who was appointed on 29 November 2013, and Mr Lim Kim Quee
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.
BOARD PERFORMANCE
Principle 5: There should be a formal assessment of the effectiveness of the Board as a whole and its Board committees and the
contribution by each director to the effectiveness of the Board.
A review of the Board’s performance is conducted by the Nominating Committee. On the recommendation of the
Nominating Committee, the Board has adopted an internal process for evaluating the effectiveness of the Board as a
whole annually. Each Board member will be required to complete an evaluation form to be returned to the Nominating
Committee Chairman for evaluation. Based on the evaluation results, the Nominating Committee Chairman will present
his recommendations to the Board.
