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Food Empire Holdings Limited Annual Report 2014
CORPORATE GOVERNANCE
D)
BOARD MEMBERSHIP (cont’d)
- Principle 4: Formal and transparent process of appointment of new Directors (cont’d)
8)
making recommendations to the Board for the continuation (or retirement) of any Director who has reached
the age of seventy; and
9)
deciding whether or not a Director is able to and has adequately carried out his duties as a Director of the
Company, particularly when they have multiple Board representations.
Dates of last re-election/re-appointment
Directors
Date of last re-election/re-appointment
Ong Kian Min
23 April 2013
Hartono Gunawan
23 April 2014
Koh Yew Hiap
23 April 2014
Tan Guek Ming
23 April 2014
Lew Syn Pau
23 April 2013
Sudeep Nair
23 April 2013
Boon Yoon Chiang
23 April 2014
Tan Wang Cheow
27 April 2012
The NC had reviewed the multiple-board seats held by the Directors to determine if they had been adequately
carrying out their duties as a Director of the Company. Though some of the Directors have multiple-board
representations, the NC is satisfied that the Directors have devoted sufficient time and attention to the Company.
The Board does not think that it is necessary to set the maximum number of listed board representations that any
Director may hold as all the Directors are able to devote to the Company’s affairs in light of their commitments.
The NC is responsible for identifying and recommending new Board members, after considering the necessary
and desirable competencies. The NC may engage consultants to undertake research on, or to assess a candidate
for new positions on the Board. The NC can engage other independent experts if it considers it necessary to
help it carry out its duties and responsibilities. Recommendations for new Board members are put to the Board
for its consideration.
E)
BOARD PERFORMANCE
- Principle 5: Formal assessment of the effectiveness of the Board and contributions of each Director
The NC has formulated an evaluation process for assessing the effectiveness of the Board and its Committees
and the contributions of each Director. The assessment parameters include:
a)
attendance at Board and Committee meetings;
b)
participation in meetings and special contributions including management’s access to the Director for
guidance or exchange of views outside the formal environment of Board meetings; and
c)
introducing contacts of strategic benefit to the Group.
