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ANNUAL REPORT 2014/2015
CORPORATE GOVERNANCE STATEMENT
Our directors’ profiles are set out on pages 6 to 8 of this Annual Report. Our Board members have the
appropriate breadth and depth of industry expertise and experience in the areas of accounting, finance,
business, management and strategic planning.
During the year, the Independent and Non-executive Directors participate actively in reviewing proposals on
strategy and performance of the Company.
Principle 3: Role of Executive Chairman (the “Chairman”) and Chief Executive
Officer (the “CEO”)
Ow Chio Kiat is the Executive Chairman and CEO. The role of the Chairman is not separate from that of the
CEO as the Board believes that there is adequate accountability and transparency. Major decisions are made
in consultation with the Board which comprises a majority of Independent and Non-executive Directors. The
Board believes that there are adequate measures in place against any uneven concentration of power and
authority in one individual.
Ow Yew Heng was subsequently appointed as CEO on 19May 2015.
With the appointment, Ow Chio Kiat continues to lead the Board and ensures its smooth and effective function.
Lim Hwee Hua, as Lead Independent Director shall be available to shareholders where they have concerns
for which contact through the normal channels of the Chairman and CEO has failed to resolve or for which
such contact is inappropriate. The Lead Independent Director may call for meetings of Independent Directors
from time to time without the presence of other directors and provide feedback to the Chairman after such
meetings.
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 Yew Heng joined the Exco following his appointment as CEO on 19 May 2015.
Ow Cheo Guan is the Executive Deputy Chairman of the Company. The Chairman and the Executive Deputy
Chairman are brothers. Ow Yew Heng is the son of Ow Chio Kiat and nephew of Ow Cheo Guan.
