Guideline
Questions
How has the Company complied?
Members of the Board
Guideline
2.6
(a) What is the Board’s
policy with regard to
diversity in identifying
director nominees?
(b) Please state whether
the current composition
of the Board provides
diversity on each of
the following – skills,
experience, gender
and knowledge
of the Company,
and elaborate with
numerical data where
appropriate.
(c) What steps has the
Board taken to achieve
the balance and
diversity necessary
to maximize its
effectiveness?
(a) To ensure that directors possess the
business, management, finance, strategic
planning and professional experience,
knowledge and expertise critical to the
Group’s business and that each director
should bring to the Board an independent
and objective perspective to enable
balanced and well considered decisions
to be made.
(b) Current Board members include business
leaders, financial and legal professionals
who possess the relevant expertise and
skill sets for effective decision-making.
(c) The NC reviews the composition of
the Board and Board committees
periodically to ensure that the Board is
of an adequate size with the right mix
of expertise, skills and attributes of the
directors for meeting the business and
governance needs of the Group.
Guideline
4.6
Please describe the board
nomination process for the
Company in the last financial
year for (i) selecting and
appointing new directors
and (ii) re-electing incumbent
directors.
(i)
There was no appointment of new
director in the last financial year.
However for appointment of new
directors to the Board if a vacancy arises,
the NC’s selection process involves the
evaluation of the existing strength and
capabilities of the Board and determines
the desirable competencies for a
particular appointment, seek suitably
qualified candidates widely, review
and undertake background checks on
the resumes received, short-list and
interview all potential candidates in
frank and detailed meetings and make
recommendations to the Board for
approval.
DISCLOSURE GUIDE ON GOVERNANCE
PRACTICES
ASL Marine Holdings Ltd. /Annual Report 2015
50
