BUILDING LANDMARKS, CHARTING GROWTH
123
Annual Report 2015
The composition of the Board Committees is structured
to ensure an equitable distribution of responsibilities
among Board members, to maximise the effectiveness
of the Board and to foster active participation and
contribution from Board members. Diversity of
experience and appropriate skills are considered in the
composition of the respective Board Committees.
All the Board Committees are actively engaged and play
an important role in ensuring good corporate
governance within Perennial.
Minutes of the Board Committee meetings are
circulated to the Board to keep all Directors updated on
the activities and decisions of each Board Committee.
Guideline 1.4 : Meetings of the Board
The dates of the Board meetings, the Board
Committee meetings and annual general meetings of
the Company (“
AGM
”) are scheduled at least one year
in advance. To ensure optimal attendance rates,
the Company Secretary will consult every Director
before fixing the dates of these meetings.
Board meetings are held quarterly for the purpose of
approving the release of Perennial’s financial results as
well as to deliberate and approve key business
strategies and activities. At these Board meetings,
the CEO and Management also update the Board on the
development and performance of Perennial’s businesses
and assets. Ad-hoc Board meetings are convened as
and when necessary to consider other specific matters
or as warranted by particular circumstances. As part of
Perennial’s corporate governance practice, all Directors
are also invited to attend all the Board Committee
meetings. In addition, non-executive Directors are
encouraged to meet without the presence of the
Management on a need-to basis.
In between scheduled meetings, matters that require
the Board’s or the Board Committee’s approval are
circulated via email to the Directors for their
consideration and decision.
The number of the Board and the Board Committee
meetings held for the Period as well as Directors’
attendance thereat is set out below:
Name of Director
Board Meeting
Audit and Risk
Committee
Meeting
Nomination
Committee
Meeting
Remuneration
Committee
Meeting
Mr. Kuok Khoon Hong
6
N.A.
N.A.
2
Mr. Ron Sim
6
N.A.
1
N.A.
Mr. Chua Phuay Hee
1
6
4
N.A.
N.A.
Mr. Eugene Paul
Lai Chin Look
6
4
1
2
Mr. Lee Suan Hiang
6
4
1
2
Mr. Ooi Eng Peng
2
3
2
N.A.
N.A.
Mr. Pua Seck Guan
6
N.A.
N.A.
N.A.
Total number of
meetings held in
the Period
6
4
1
2
Notes:
1. Mr. Chua Phuay Hee stepped down as Chairman of the ARC with effect from 5 February 2016. Mr. Chua chaired all of the ARC meetings that were held
during his term as Chairman of the ARC for the Period. He remains as a member of the ARC.
2. Mr. Ooi Eng Peng was appointed as a Director and a Member of the ARC with effect from 28 July 2015. Mr. Ooi has attended all of the Board and ARC
meetings held since his appointment as a Director and a Member of the ARC. Mr. Ooi was subsequently appointed as Chairman of the ARC in place of
Mr. Chua with effect from 5 February 2016.
