All directors are required to declare their Board representations. With the
exception of Mr Tan Sek Khee and Mr Christopher Chong Meng Tak who
respectively holds two and four concurrent directorships in other companies
that have a primary listing on SGX-ST, the remaining five directors hold not
more than two concurrent directorships in other listed companies in SGX-
ST. For the year under review, the NC is satisfied that Mr Tan Sek Khee
and Mr Christopher Chong Meng Tak, notwithstanding their multiple board
appointments, have given adequate time and attention to the affairs of the
Group to discharge their duties as director of the Company through their
attendance, preparedness and participation at meetings of the Board and
Board Committees.
Mr Christopher Chong Meng Tak has kept his number of listed company
board representations to a maximum of 6 so as to ensure he has sufficient
time and attention to adequately perform his role. Given Mr Chong’s relevant
expertise and skill sets for effective decision-making, availability and his
past and present active commitment in the Company, the Board and the NC
does not see the need to set the maximum number of listed company board
representations which any director may hold.
During the year under review, there were no alternate directors appointed.
Pursuant to Article 91 of the Company’s Constitution, every director (other
than the Managing or Joint Managing Director) shall retire from office once
every three years and for this purpose, one-third of the Board are to retire
from office by rotation and be subject to re-election at the Company’s
annual general meeting (“AGM”). In addition, Article 97 of the Company’s
Constitution provides that a newly appointed director must retire and
submit himself for re-election at the next AGM following his appointment.
Thereafter, he is subject to re-election at least once in every three years.
At the forthcoming AGM, Mr Ang Kok Leong and Mr Christopher Chong
Meng Tak will be retiring by rotation pursuant to Article 91 of the Company’s
Constitution. Both of them, being eligible for re-election, has offered
themselves for re-election.
Mr Chong does not have any relationship including immediate family
relationship with the Directors, the Company or its 10% shareholders while
Mr Ang and the other Executive Directors are brothers and is deemed to have
an interest in the shares held by the other.
Governance
Disclosure Guide
CORPORATE GOVERNANCE REPORT
34
ASL Marine Holdings Ltd.
Annual Report 2016
