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Annual Report 2013
One of the duties of the NC is to assess the qualifications of the appointed alternate directors to the Board. The Alternate
Directors of the current Board are:
Ma Hong Han Alternate to Ma Zhi Hong
Li Man Alternate to Li Yun Peng
Ouyang Chao Mei Alternate to Wang Yu Hang
All appointed Alternate Directors are based in Singapore and are familiar with the Group’s affairs and qualified to bear all the
duties and responsibilities of their respective principal directors, who are principally based in the People’s Republic of China.
Mr Tom Yee Lat Shing, who is over the age of 70 years, will have to retire at the forthcoming Annual General Meeting pursuant to
Section 153(6) of the Companies Act, Cap. 50. The assessment of Mr Tom Yee Lat Shing’s re-appointment and his independence
were given particular consideration by the NC as he has now served on the Board for more than 20 years. The NC believes that
due to his strength of character, experience and knowledge, Mr Tom Yee Lat Shing continues to be highly effective as a non-
executive lead independent director. He provides objective and rigorous challenges to, and engages in constructive debate with,
the Board and the committees on which he sits. Mr Tom Yee Lat Shing also brings a wealth of useful and relevant experience
both in his position as a non-executive lead independent director and as the Chairman of the Audit Committee.
Accordingly, the NC has recommended and the Board has endorsed the re-appointment of Mr Tom Yee Lat Shing by
shareholders at the forthcoming AGM.
BOARD PERFORMANCE
Principle 5
A formal assessment process is in place to assess the effectiveness of the Board as a whole and the contribution by each
Director to the effectiveness of the Board. The NC uses objective and appropriate quantitative and qualitative criteria to assess
the performance of the Board as a whole and the contribution of each Director to the effectiveness of the Board. Assessment
parameters include evaluation of the Board’s access to information, risk management, accountability, the Board’s performance in
relation to discharging its principal functions, communication with management and stakeholders, the business performance of
the Company, the quality of Board processes, the attendance records of the Directors at Board and Committee meetings and the
level of participation at such meetings.
The evaluation of the Board is conducted annually. As part of the process, the Directors will complete appraisal forms which are
collated by the Company Secretary. The Company Secretary will then review the results of the appraisal and present the results
to the Chairman of the NC who will then present a report to the Board.
An individual assessment of each Director is also undertaken annually. The process of the assessment is through self-assessment
where each Director will complete appraisal forms which are collated by the Company Secretary. The Company Secretary
consolidates the appraisal forms and presents the results to the Chairman of the NC who will then present a report to the Board.
Corporate Gover nance and Transparency