CORPORATE GOVERNANCE
REPORT
materials relating to the Group’s businesses and governance practices. All directors are also
invited to visit the yards and meet with middle management to gain a better understanding
of the Group’s business operations. To keep pace with regulatory changes, the director’s
own initiatives are supplemented from time to time with information, updates and sponsored
seminars conducted by external professionals, including any changes in legislation and
financial reporting standards, government policies and regulations and guidelines from SGX-
ST that affect the Company and/or the directors in discharging their duties.
During the year, selected members of the Board attended seminars on “KPMG Global Real
Estate & Construction Conference”, “Introduction to Minerals Industry in China”, “Singapore
Director Briefing: Riding the Flow of Global Capital”, “Scotiabank & Howard Weil - Energy
in the Americas”, “Integrated Reporting: An Audit Committee Perspective”, “Commodities
Breakfast Seminar” and “Impact of Shale Gas on LNG Developments and Pricing”, among
others, organised by the Scotiabank, Singapore Institute of Directors, Australian Institute of
Company Directors, SGX-ST, Holman Fenwick Willan, other professional bodies and on line
courses. Directors, in particular independent directors, are also encouraged to read and to
engage in informal discussions on subjects which are relevant to the Company. In aggregate,
members of the Board spend over 35 hours on such events.
The Board conducts regular scheduled meetings and ad hoc Board meetings are convened
when warranted by circumstances relating to matters that are material to the Group. The
schedule of all Board Committees meeting for the financial year is usually provided in advance
before a new financial year commences. The Board meets at least four times a year. Telephonic
attendance and video conferencing at Board meetings are allowed under the Company’s
Articles of Association. The number of meetings held and the attendance of each director at
every Board and Board Committee meetings during the financial year ended 30 June 2015 are
as follows:
Attendance at Board and
Board Committee meetings
Board
Audit
Committee
Nominating
Committee
Remuneration
Committee
Number of meetings held
6
6
2
2
Number of meetings attended:
Executive Directors
Ang Kok Tian
6
6*
2*
2*
Ang Ah Nui
6
6*
2*
2*
Ang Kok Eng
5
-
-
-
Ang Kok Leong
6
-
-
-
Independent directors
Andre Yeap Poh Leong
(Chairman of NC)
6
6
2
2
Christopher Chong Meng Tak
(Chairman of AC)
6
6
2
2
Tan Sek Khee
(Chairman of RC)
6
6
2
2
* Attendance by invitation of the Committee
ASL Marine Holdings Ltd. /Annual Report 2015
27
