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STAMFORD LAND CORPORATION LTD
CORPORATE GOVERNANCE STATEMENT
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 ongoing 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. The NC is also responsible for evaluating the eligibility of potential
appointees based on several criteria such as his/her experience, ability to exercise independence in decision-
making and his/her level of commitment prior to recommending them to the Board. 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
Ow Chio Kiat
Member
Lim Hwee Hua
Member
The NC’s principal functions are to:
•
Decide on and propose to the Board, for approval and implementation, the assessment process
including determining a set of objective performance criteria for evaluating the Board’s performance
from year to year
•
Evaluate the Board’s performance and the contributions of each director to the effectiveness of the
Board in accordance with the assessment process and performance criteria mentioned above
