27
Food Empire Holdings Limited Annual Report 2014
CORPORATE GOVERNANCE
B)
BOARD COMPOSITION AND GUIDANCE (cont’d)
- Principle 2: Strong and independent element of the Board (cont’d)
The Directors of the Board review the size and composition of the Board on an annual basis. The Board continues
to have a strong and independent element.
The core competencies of the Board members are as follows:-
Accounting/ Finance/
Business/ Management
Experience
Industry
Knowledge
Strategic
Planning
Human
Resource
Law
Tan Wang Cheow
√
√
√
Sudeep Nair
√
√
√
Tan Guek Ming
√
√
√
Lew Syn Pau
√
√
√
Ong Kian Min
√
√
√
Boon Yoon Chiang
√
√
√
√
√
Hartono Gunawan
√
√
√
Koh Yew Hiap
√
√
√
The Directors are professionals in their own fields with industrial, financial, legal and human resource backgrounds.
Together they provide the Group with a wealth of knowledge, expertise and experience to ensure the Group
remains competitive and competent. The Non-executive Directors contribute their independent views and
objective judgments on issues of strategy, business performance, resources and standards of conduct.
The independence of each Independent Non-executive Director is assessed at least annually by the NC. Particular
scrutiny is applied in assessing the continued independence of Directors having served beyond 9 years from the
date of his first appointment.
Although Mr. Lew Syn Pau, Mr. Ong Kian Min and Mr. Boon Yoon Chiang have served on the Board for more
than nine years, the Board considered that they are independent in character and judgment as there are no
circumstances which would likely affect or appear to affect their judgment. Their length of service and in-depth
knowledge of the Group’s businesses are viewed by the Board as especially valuable. While recognising the
benefits of the experience and stability brought by long-standing Directors, the Board remains committed to the
progressive renewal of board membership.
The NC is of the view that the current Board has the necessary competencies, skills and attributes to meet the
Group’s targets and to respond to the demands facing the Group.
The NC is also of the view that the current Board size of eight Directors is appropriate, taking into account the
nature and scope of the Company’s operations.
