26
Food Empire Holdings Limited Annual Report 2014
CORPORATE GOVERNANCE
A)
BOARD MATTERS (cont’d)
- Principle 1: Effective Board to lead and control the Company (cont’d)
The attendance of the Directors at meetings of the Board and Board Committees for FY2014 as well as the
frequency of these meetings, are disclosed as follows:-
Directors
Board Meeting Audit Committee
Meeting
Nominating
Committee Meeting
Remuneration
Committee Meeting
Tan Wang Cheow
4
NA
1
NA
Ong Kian Min
4
4
1
2
Lew Syn Pau
4
4
1
2
Tan Guek Ming
4
4
NA
2
Sudeep Nair
4
NA
NA
NA
Boon Yoon Chiang
4
4
1
2
Hartono Gunawan
4
NA
NA
NA
Koh Yew Hiap
4
NA
NA
2
No. of Meetings Held in 2014
4
4
1
2
The Directors are appointed based on the strength of their experience and potential to contribute to the Company.
The current Board comprises business leaders and professionals. Profiles of the Directors can be found in pages
16 to 19 of this annual report. The management monitors changes to regulations and accounting standards and
the Directors are briefed on the new updates in the requirements of the Singapore Exchange Securities Trading
Limited (“
SGX-ST
”), the Companies Act, Chapter 50 or other regulations/statutory requirements from time to
time by the management. If required, the Directors will receive further training. The Company is responsible for
arranging and funding the training of Directors.
The Company has adopted a policy that Directors are welcome to request further explanations, briefings or
informal discussions on any aspects of the Group’s operations or business issues from management. The
Non-executive Directors are briefed and updated on major developments and the progress of the Group at the
Board meetings.
B)
BOARD COMPOSITION AND GUIDANCE
- Principle 2: Strong and independent element of the Board
As at the date of this report, the Board comprises eight Directors, three of whom are independent. The Board
composition is as follows:-
Mr. Tan Wang Cheow
Executive Chairman
Mr. Sudeep Nair
Chief Executive Officer (“
CEO
”)
Mdm. Tan Guek Ming
Non-executive Director
Mr. Hartono Gunawan
Non-executive Director
Mr. Koh Yew Hiap
Non-executive Director
Mr. Lew Syn Pau
Independent Non-executive Director
Mr. Ong Kian Min
Independent Non-executive Director
Mr. Boon Yoon Chiang
Independent Non-executive Director
