CORPORATE GOVERNANCE STATEMENT
Executive Committee (“Exco”)
Moreover the Board has delegated to the Exco the powers to supervise the management of the
Group’s business activities. The Exco currently comprises:
Ow Chio Kiat
Chairman
Ow Cheo Guan
Member
Lim Hwee Hua
Member
Ow Cheo Guan is the Executive Deputy Chairman of the Company. The Chairman and the Executive
Deputy Chairman are brothers.
The Exco’s responsibilities include reviewing and approving investments or divestments, other than
operational expenditure or disposals that are conducted in the ordinary course of business.
The Chairman is assisted by the management team in the daily operations and administration of the
Group’s business activities and in the effective implementation of the Group’s business strategies.
The Chairman also oversees the workings of the Board, ensuring that the Board is able to perform
its duties and that there is an adequate flow of information between the Board and the Management.
The Chairman reviews the board papers before they are presented to the Board. The management
staff who have prepared the papers, or who may provide additional insights, are invited to present
the papers or attend the board meetings.
Principle 4: Board Membership
We believe that board renewal must be an on-going process to ensure good governance and
maintain relevance to the changing needs of the Group’s businesses.
Nominating Committee (“NC”)
To achieve a formal and transparent process for the appointment of directors to the Board,
the Company has established the NC to make recommendations to the Board on all board
appointments. The NC is responsible for identifying and selecting new directors. In compliance
with the 2012 Code, the Chairman of the NC is an Independent and Non-executive Director and
is not associated with a substantial shareholder, and the majority of the NC members, including
its chairman, is independent. It comprises two Independent and Non-executive Directors and one
Executive Director, namely:
Mark Anthony James Vaile
Chairman
Lim Hwee Hua
Member
Ow Chio Kiat
Member
STAMFORD LAND CORPORATION LTD
ANNUAL REPORT 2013/2014
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