Role of Company Secretary The Company Secretary/Joint Company Secretary attends all Board meetings and ensures that board procedures are followed, as well as prepares minutes of Board proceedings. The Company Secretary/Joint Company Secretary facilitates communication between the Board, its Committees and Management, and advises the Board on governance matters including their disclosure obligations. The Company Secretary/Joint Company Secretary also assists with the induction of new Directors and the coordination of training for Board members to keep the Board up to date on corporate governance matters. The appointment and removal of the Company Secretary/ Joint Company Secretary is a matter for the Board as a whole to decide. Board Composition and Guidance (Principle 2) Board Composition and Diversity The Board has an appropriate level of independence and diversity of thought and background in its composition to enable it to make decisions in the best interests of the Company. The Board comprises 12 Directors and an Alternate Director. COL Cai Dexian is the Alternate Director to LG Ong Su Kiat Melvyn. LG Ong, in his position as Chief of Defence Force, may be called away on duty at times and may not be able to attend all Board meetings. COL Cai is fully apprised of all Board matters, receives notices to attend Board meetings and Board papers, as well as Board resolutions by circulation. As an Alternate Director, he is in a position to act on behalf of LG Ong in the latter’s absence. In FY2022, Leong Weng Keong Joseph stepped down as Director. The Board has adopted a Board Diversity Policy since 2019. The Company recognises and embraces the benefits of diversity on the Board, and views diversity at the Board as an essential element in supporting the attainment of its strategic objectives and its sustainable development. In FY2022, the Board Diversity Policy was revised to reflect the commitment to having female representation on the Nominating Committee (NC) and to include and consider female candidates in the Board appointment selection process. The NC will consider candidates on merit against objective criteria and with due regard for diversity on the Board. The Board, through the NC, has robust processes in reviewing and assessing the size and composition of the Board and succession planning, taking into consideration the age, skill sets, knowledge, experience, background, gender, tenure, independence of Directors and other relevant factors. The Board also recognises that diversity is not limited merely to gender or any personal attributes and believes that having experienced Directors with an independent mindset is important for the Board to be effective. There are two female Directors on the Board. The Board aims to add at least one more female Director to the Board by FY2024. The Directors’ ages range from the forties to seventies, and they have served on the Board for various tenures. The Board consists of members with established track records in defence, business leadership and professional experience and expertise in energy, finance (including audit and accounting), investment banking, engineering and technology, legal, business management, human resources, cybersecurity, sustainability and risk and management domains. Each Director brings to the Board an independent perspective based on his/her training and professional expertise to enable the Board to make balanced and well-considered decisions. The Board of Directors with their combined business, management and professional experience, knowledge and expertise, provide the core competencies to allow for diverse and objective perspectives on the Group’s businesses and directions. Having considered the scope and nature of the operations of the Group, the NC and the Board are satisfied that the current composition and size of the Board provide for diversity and allow for informed and constructive discussion and effective decision making at Board and Board Committee meetings. CORPORATE OVERVIEW PERFORMANCE REVIEW SUSTAINABILITY FINANCIAL REPORT 83
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