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| Corporate Governance |
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| Board of Directors |
Board Meetings
The primary function of the Board is to supervise the management of
the business and affairs of the Company. Apart from its statutory
responsibilities, the Board also serves to review and approve the
Company's strategic plans, key operational initiatives, major investments
and funding decisions; identifies principal risks of the Company's
businesses and ensures the implementation of appropriate systems to
manage these risks; reviews the financial performance of the Company
and evaluates the performance and compensation of senior management
personnel.
The Board holds meetings on a regular basis. It conducts at least
4 meetings a year and ad hoc meetings are convened when warranted
by circumstances.
In order to enable the Board to fulfill its responsibilities effectively,
the Directors are provided with regular updates on the financial position
of the Company. Timely and complete information are also given to
the Directors prior to any board meetings to enable the Directors
to make informed decisions.
The Directors have separate and independent access to the Company's
senior management, including the Company Secretary, at all times.
The Directors, either individually or as a company, in the furtherance
of their duties, can take independent professional advice, if deemed
necessary, at the Company's expense.
The Board is assisted by the Audit committee and Remuneration Committee.
The Board considers that all the members of each committee have the
experience and none of them have interests which conflict with their
positions in the Committee. |
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