BUILDING LANDMARKS, CHARTING GROWTH
149
Annual Report 2015
Guideline
Questions
How has the Company complied?
Guideline 4.4
a) What is the maximum number of listed
company board representations that the
Company has prescribed for its directors?
What are the reasons for this number?
b) If a maximum number has not been
determined, what are the reasons?
c) What are the specific considerations in
deciding on the capacity of directors?
Not applicable. The Company has not
prescribed a maximum number of listed
company board representations for its
Directors.
The Board is of the view that the
maximum number of listed company
board representation should be based
on a person’s capacity.
The NC conducts an annual assessment
on the effectiveness of the Directors and
their actual attendance, contributions
and conduct on the Board, to determine
whether a Director, who has multiple
board representations and other
principal commitments, is able to and
has been adequately carrying out his
duties as a Director.
Board Evaluation
Guideline 5.1
a) What was the process upon which the
Board reached the conclusion on its
performance for the financial year?
b) Has the Board met its performance
objectives?
Each Director is required to complete a
questionnaire on the effectiveness of the
Board and the Board Committees,
adequacy of the blend of skillsets and
expertise in the Board, and the relevance
and timeliness of the Board and the Board
Committee meeting agendas and papers.
The assessment also considers factors
such as the size and composition of the
Board and the Board Committees, the
Board processes, the Board and the
Board Committees’ roles as well as
communication within the Board and with
the Management. The assessment results
and feedback are then consolidated,
evaluated and presented to the NC for
discussion on areas of strengths and
weaknesses to improve the effectiveness
of the Board and the Board Committees.
Yes
