are disclosed under the sub-section of each Board Committee in this report. The Group President & CEO, Vincent Chong Sy Feng, is accountable to the Board. He is supported by the other Key Management Executives of the Group (EXCO) comprising: • Group Chief Financial Officer (Group CFO); • Group Chief Operating Officer (Technology & Innovation) and President Defence & Public Security; • Group Chief Commercial Officer (Market Development) and President Smart City & Digital Solutions; and • Group Chief Operating Officer (Operations Excellence) and President Commercial Aerospace. None of the Directors and EXCO members have been employees or partners of ST Engineering's external auditing firm in the past two years. Director Induction, Training/Development Upon the appointment of a new Board member, a formal letter is sent to the Director outlining his/her statutory obligations, duties and responsibilities. This letter includes key information about the Group and the Company, along with the terms of reference for the respective Board Committees. An induction programme is organised for a new Director on the Group’s strategic direction, sustainability efforts and performance of the Group as well as his/her statutory duties and obligations under the corporate governance framework. The induction programme includes briefings by Presidents/Business Heads of various business areas supplemented by facility visits, where applicable, to enable Directors to gain a comprehensive understanding of the Group’s businesses and operations. Induction programmes were carried out for newly appointed Directors during the year, namely, Philip Lee Sooi Chuen, Lien Siaou-Sze and Neo Gim Huay. During the year, ST Engineering arranged for Neo Gim Huay to attend the mandatory training conducted by Singapore Institute of Directors (SID). In addition to the induction programme and Board/Board Committee meetings, there are various opportunities for the Directors to attend Group events and visit our key subsidiaries and operations in the countries where we operate. These events and visits provide insight into our global operations while fostering direct interactions with the local management. The Board is routinely updated on the relevant laws, Singapore Exchange Securities Trading Limited (SGX-ST or the Exchange) continuing listing obligations and accounting standards requiring compliance and their implications to the Group. This ensures that our Directors are well-equipped to discharge their responsibilities as Board members and Board Committee members. To further enhance their skills and knowledge, Directors are sponsored to attend relevant courses, conferences and seminars tailored to their backgrounds. The Company covers these expenses, providing opportunities for continuous professional development. In cases of significant statutory or regulatory changes affecting Directors’ obligations, the Company organises briefings led by experts/consultants. BOARD MET IN 2024 4 TIMES The Directors were also informed of relevant courses organised by SID and other professional organisations. During the year, the Company arranged numerous briefings and trainings sessions to the Board on topics such as Sustainability, Environmental, Social and Governance (ESG), anti-bribery and corruption and updates on legislative or regulatory changes. Directors were also invited to attend talks/seminars/events organised by ST Engineering, including the Innotech Conference 2024, Product Carbon Footprint Webinar, Singapore Airshow 2024 and Tech Innovation Seminar 2024 (AI Technology Series). Board Meetings The Board convenes scheduled meetings on a quarterly basis to review the business performance and key activities of the Group and to deliberate significant business proposals. All Board and Board Committee meetings, and the Annual General Meetings (AGMs) are scheduled well in advance in consultation with the Directors. Board members participate actively in Board discussions and decisions are taken objectively in the interests of the Company. Where warranted by particular circumstances, ad-hoc/ special Board meetings may be convened to consider corporate actions requiring the Board’s guidance or approval. 77 CORPORATE OVERVIEW PERFORMANCE REVIEW SUSTAINABILITY FINANCIAL REPORT
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