28
STAMFORD LAND CORPORATION LTD
CORPORATE GOVERNANCE STATEMENT
Development of the Board
Upon each new director’s appointment, he is briefed by management on his duties and obligations,
and undergo an orientation to familiarise him with the business activities and structure, strategic
direction, policies, and corporate governance practices of the Group. The orientation further serves
UP BMMPX OFX EJSFDUPST UP HFU BDRVBJOUFE XJUI GFMMPX EJSFDUPST TFOJPS NBOBHFNFOU BOE UIF (SPVQ
Directors are continually and regularly updated on the Group’s businesses, the business environment
that the Group operates in, and any relevant legislative and regulatory changes applicable to the Group
and its businesses.
Principle 2: Board Composition and Guidance
At the annual general meeting (“AGM”) of the Company held on 30 July 2015, Tan Chin Nam retired
BOE EJE OPU PGGFS IJNTFMG GPS SF FMFDUJPO BT B %JSFDUPS 0O /PWFNCFS
-JN )XFF )VB GPMMPXJOH
UIF DPODMVTJPO PG IFS DPNNJUUFE UFOVSF DFBTFE UP CF BO *OEFQFOEFOU BOE /PO &YFDVUJWF %JSFDUPS
BOE 4UBOMFZ -BJ 5[F $IBOH XBT BQQPJOUFE CZ UIF #PBSE BT BO *OEFQFOEFOU BOE /PO &YFDVUJWF %JSFDUPS
With Lim Hwee Hua ceasing to be a Director and Stanley Lai Tze Chang’s appointment, the number
PG *OEFQFOEFOU BOE /PO &YFDVUJWF %JSFDUPST SFNBJOT VODIBOHFE LFFQJOH XJUI UIF SFDPNNFOEBUJPOT
of the 2012 Code and the Board as at 31 March 2016 consists of six members, three of whom are
*OEFQFOEFOU BOE /PO &YFDVUJWF %JSFDUPST 5IFSF JT B TUSPOH BOE JOEFQFOEFOU FMFNFOU PO UIF #PBSE
which is in the NC’s view fundamental to good corporate governance, and no individual or group
dominates the Board’s decision-making process.
