SINGAPORE MYANMAR INVESTCO LIMITED
| Annual Report 2016
22
CORPORATE GOVERNANCE
REPORT
Key features of board processes
Two scheduled Board meetings are conducted in a year to review the financial performance and to update the Board on
significant business activities and overall business environment. In addition to the scheduled meetings, the Board also
holds ad-hoc meetings as and when required to address any significant issues that may arise.
The Constitution of the Company (the “Constitution”) allow board meetings to be conducted by means of telephone
conference, or other methods of simultaneous communication by electronic or other communication facilities. When a
physical board meeting is not possible, the Board can communicate through electronic means or via circulation of written
resolutions for approval.
The details of the number of Board meetings and board committees held in the year as well as the attendance of each
board member at those meetings are disclosed below.
Directors’ attendance at Board and board committee meetings in FY2016
Types of
Meetings
Directors
Board
Audit
Committee
Nominating
Committee
Remuneration
Committee
Number of Meetings held
2
2
1
1
Ho Kwok Wai
2
n.a.
n.a.
n.a.
Chan Tak Sing Martin*
1
n.a.
n.a.
n.a.
Fong Sing Chak Jack
2
2
1
1
Wong Yen Siang
2
2
1
1
Wee Sung Leng
2
2
1
1
Mark Francis Bedingham
2
n.a.
n.a.
n.a.
*
Chan Tak Sing Martin resigned as Executive Director of the Company on 5 February 2016.
n.a. – not a member
Induction and training of Directors
Directors are updated regularly by the Company Secretary on the amendments and requirements of the Singapore
Exchange Securities Trading Limited (“SGX-ST”) and other statutory and regulatory changes which have an important
bearing on the Company and the Directors’ obligations to the Company, from time to time. Such new releases issued
which are relevant to the Directors are circulated to the Board.
Newly appointed Directors are briefed by the Management on the business activities of the Group and its strategic
directions. There are also orientation programs tailored to familiarise newly appointed Directors with the role and
responsibilities of a Director of a public company in Singapore. First-time Directors will be provided training in areas such
as accounting, legal and industry-specific knowledge as may be appropriate.
Upon the appointment of a new Director, the Company would issue a formal letter of appointment setting out the
statutory and other duties and obligations of the Director.
All Directors are encouraged to keep themselves updated on changes to the financial, legal and regulatory as well as
corporate governance requirements, framework and the business environment through reading relevant literature and
attending appropriate seminars and courses conducted by bodies such as SGX-ST and Singapore Institute of Directors
(“SID”).
