BUILDING LANDMARKS, CHARTING GROWTH
125
Annual Report 2015
The composition of the Company’s Board and Board Committees, with effect from 27 October 2014, is set out below:
The task of reviewing and evaluating the independence
of Directors is delegated to the NC. The Board will then
determine the independence of Directors, taking into
account the evaluation and recommendation by the NC.
Annually, each Director is required to complete a
Director’s Independence Checklist (“
Checklist
”) to
confirm his independence. The Checklist is based on
the Code’s definition of an “independent director” and
guidance as to the existence of relationships which
would deem a Director not to be independent. The NC
reviews the Checklist completed by each Director to
determine whether a Director is independent. Newly-
appointed Directors are also requested to complete the
Checklist to confirm their independence.
For the Period, the NC has affirmed that the independent
Directors are Mr. Eugene Paul Lai Chin Look, Mr. Chua
Phuay Hee, Mr. Lee Suan Hiang and Mr. Ooi Eng Peng.
The Board concurred with the NC’s assessment of the
independence of the relevant Directors.
The Board has, at all times, exercised independent
judgment in decision-making, using its collective wisdom
and experience to act in the best interests of Perennial.
Any Director who has an interest that may conflict with a
subject under discussion by the Board either recuses
himself from the information flow and discussion of the
subject-matter or declares his interest and abstains from
decision-making on the subject-matter.
Guidelines 2.4 : Independence of director who has
served the Board for more than nine years
All Directors are newly appointed during the Period.
Accordingly, none of the Directors has served on the
Board for more than nine years.
Guidelines 2.5 and 2.6 : Board size and composition
The Board, through the NC, reviews from time to time,
the size and composition of the Board. The NC seeks
to ensure that the Board size is appropriate in
facilitating effective decision-making, taking into
account the scope and nature of Perennial’s
operations. The NC also aims to maintain a diversity of
expertise, skills, perspectives and other attributes in
the relevant areas among the Directors.
Name of Director
Board
Audit and Risk
Committee
Nomination
Committee
Remuneration
Committee
Mr. Kuok Khoon Hong
Chairman and
Non-Independent
Non-Executive Director
N.A.
N.A.
Member
Mr. Ron Sim
Vice-Chairman and
Non-Independent
Non-Executive Director
N.A.
Member
N.A.
Mr. Chua Phuay Hee
Independent
Non-Executive Director
Chairman
(From 27 October 2014 to
4 February 2016)
Member
(with effect from
5 February 2016)
N.A.
N.A.
Mr. Eugene Paul
Lai Chin Look
Lead Independent
Non-Executive Director
Member
Member
Chairman
Mr. Lee Suan Hiang
Independent
Non-Executive Director
Member
Chairman
Member
Mr. Ooi Eng Peng
Independent
Non-Executive Director
Member
(From 28 July 2015 to
4 February 2016)
Chairman
(with effect from
5 February 2016)
N.A.
N.A.
Mr. Pua Seck Guan
Chief Executive Officer
and Executive Director
N.A.
N.A.
N.A.
