CORPORATE GOVERNANCE STATEMENT
Principle 5: Board Performance
The Company holds the belief that the Group’s performance and that of the Board are directly
related. The Company assesses the Board’s performance through its ability to steer the Group
in the right direction and the support it renders to Management. For the purpose of evaluating
directors’ performance, the NC takes into consideration a number of factors including the directors’
attendance, participation and level of participation and contributions at the main board and board
committee meetings and other Company activities.
The NC uses its best efforts to ensure that directors appointed to the Board possess the necessary
background, experience, skills and knowledge in management, business and finance, critical to the
Group’s business; and that each director is able to contribute his perspective, thus allowing effective
decisions to be made. The NC conducts reviews of the Board’s performance taking into account
inputs from the other Board members.
Principle 6: Access to Information
To enable the Board to fulfil its responsibilities, it is provided with adequate information for Board
meetings on a timely and an ongoing basis. Directors are given separate and independent access
to the Company’s key management personnel and Company Secretaries to address any enquiries.
The appointment and removal of Company Secretaries is a matter for the Board as a whole.
The Company Secretaries or their representatives attend all Board meetings and are responsible
for ensuring that proper procedures at such meetings are followed. Together with the Company’s
management, they are responsible to ensure that the Company complies with the requirements
of the Companies Act, Listing Manual of the Singapore Exchange Securities Trading Limited
(the “SGX-ST”) and other rules and regulations that are applicable to the Company.
A director or as a group, may seek professional advice in furtherance of their duties and the costs
will be borne by the Company.
2. REMUNERATION MATTERS
We believe in adopting a formal and transparent procedure for fixing the remuneration packages of
the directors and key management personnel so as to ensure that the level of remuneration should
be appropriate to attract, retain and motivate the directors and key management personnel needed
to run the Group’s business successfully.
STAMFORD LAND CORPORATION LTD
ANNUAL REPORT 2013/2014
34
