Guideline
Questions
How has the Company complied?
Guideline
4.4
(a) What is the maximum
number of listed
company board
representations that
the Company has
prescribed for its
directors? What are
the reasons for this
number?
(b) If a maximum
number has not been
determined, what are
the reasons?
(c)
What are the specific
considerations in
deciding on the
capacity of directors?
(a) The Company does not determine on
the maximum number of listed company
board representations for its directors.
(b) Not applicable.
(c) The relevant expertise and skill sets for
effective decision-making and having
adequate time and attention for the
affairs of the Company.
Board Evaluation
Guideline
5.1
(a) What was the process
upon which the Board
reached the conclusion
on its performance for
the financial year?
(b) Has the Board met
its performance
objectives?
(a) The NC assess the Board’s performance
annually, based on performance criteria
as agreed by the Board. A Board
Evaluation Questionnaire based on
certain areas of assessment is circulated
and completed collectively by members
of NC. The collective evaluation is then
presented to the Board to highlight
areas of strength and weakness and the
Board acts on the evaluation to ensure
continuous improvement of the Board.
(b) Based on the overall assessment for
FY2015, the Board was effective as a
whole.
Independence of Directors
Guideline
2.1
Does the Company comply
with the guideline on the
proportion of independent
directors on the Board? If
not, please state the reasons
for the deviation and the
remedial action taken by the
Company.
Yes. The current Board comprises seven
directors, three of whom are independent
directors.
DISCLOSURE GUIDE ON GOVERNANCE
PRACTICES
ASL Marine Holdings Ltd. /Annual Report 2015
52
