37
Annual Report 2014
The NC assesses and recommends to the Board whether retiring directors are suitable for re-nomination for re-
election. In evaluating a director’s contribution and performance for the purpose of re-nomination, the NC takes into
consideration a variety of factors such as attendance, preparedness, participation and candour.
In accordance with the provisions of the Articles, one-third of the Directors retire by rotation and subject themselves to
re-election at every Annual General Meeting (“AGM”) of the Company. In addition, new directors who were appointed
by the Board during the year will hold office only until the next AGM and will be eligible for re-election.
The dates of initial appointment and last re-election/re-appointment of each of the Directors of the current Board are
set out below:
Director
Position
Date of Initial
Appointment
Date of Last
Re-election /
Re-appointment
Li Yun Peng
Chairman and Non-Independent and Non-Executive
30.9.2013
23.4.2014
Wu Zi Heng
Vice Chairman, President and Non-Independent Executive 5.11.2011
23.4.2014
Liu Lian An
Non-Independent and Executive
20.2.2012
20.4.2012
Liang Yan Feng Non-Independent and Non-Executive
8.7.2014
NA
Ma Zhi Hong
Non-Independent and Non-Executive
2.8.2010
22.4.2013
Tom Yee Lat Shing Non-Executive Lead Independent
16.11.1993
23.4.2014
Wang Kai Yuen Non-Executive Independent
2.5.2001
23.4.2014
Er Kwong Wah Non-Executive Independent
20.12.2002
20.4.2012
Ang Swee Tian Non-Executive Independent
13.11.2007
22.4.2013
Ma Hong Han
Alternate to Ma Zhi Hong
2.10.2012
NA
Li Man
Alternate to Li Yun Peng
30.9.2013
NA
Ouyang Chao Mei
Alternate to Liang Yan Feng
8.7.2014
NA
Note: NA - Not Applicable
NOMINATING COMMITTEE
The NC comprises five Directors, majority of whom including the Chairman is independent. The NC members are as
follows:
Wang Kai Yuen (Chairman)
Non-Executive Independent
Wu Zi Heng
Non-Independent Executive
Tom Yee Lat Shing
Non-Executive Lead Independent
Er Kwong Wah
Non-Executive Independent
Ang Swee Tian
Non-Executive Independent
The principal functions of the NC are to:
a)
identify, review and recommend candidates for appointment as Directors of the Company and appointment to
the Board committees as well as to senior management positions in the Company;
b)
assess the qualifications of the proposed alternate directors to the Board;
c)
evaluate the effectiveness of the Board as a whole and assess the contribution by each Director, to the
effectiveness of the Board;
d)
determine annually whether or not a Director is independent;
e)
make recommendations to the Board on re-appointment of Board and Board committee members; and
f)
the review of training and professional development programs for the Board.
Corporate Governance and Transparency
