GOVERNANCE → Corporate Governance Report 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 13 Directors and an Alternate Director. COL Cai Dexian is 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 Alternate Director, he is in a position to act on behalf of LG Ong in the latter’s absence. The Board adopted a Board Diversity Policy since 2019. The Board, through the Nominating Committee (NC), reviews and assess the size and composition of the Board taking into consideration the age, skill sets, knowledge, experience, background, gender, cultural ethnicity, 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 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 in energy, finance (including audit and accounting), banking, technology, legal, business management 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. Executive Director/ Group President & CEO 1 Independent & Non-Executive Directors 9 Non-Independent & Non-Executive Directors 3 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 business and direction. 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. The Board is committed to observe the need for diversity when selecting its members. The contribution each Director brings and the composition thereof provides a good reflection on the range and adequacy of diversity on the Board. Male Directors 11 Female Directors 2 During the year, the Board welcomed the following new Directors: (i) Kevin Kwok Khien was appointed as an independent and non-executive Director and was appointed as member of AC and RSC. (ii) Tan Peng Yam was appointed as nonindependent and non-executive Director and was appointed as Chairman of RD&T. (iii) Teo Ming Kian was appointed as an independent and non-executive Director and was appointed as member of ERCC, NC, RD&T and SFC. (iv) COL Cai Dexian was appointed as Alternate Director to LG Ong Su Kiat Melvyn. Board Independence The Board has 12 non-executive Directors of which nine are independent Directors. The Code requires non-executive directors to make up a majority of the Board. The independence of each Director is determined upon appointment and reviewed annually, and as and when circumstances require, by the NC, in accordance with the requirements of the SGX-ST Listing Manual, the Code and where relevant, the recommendations set out in the Practice Guidance accompanying the Code. 99 CORPORATE OVERVIEW PERFORMANCE REVIEW SUSTAINABILITY FINANCIAL REPORT 58 ST ENGINEERING SUSTAINABILITY REPORT 2021 OVERVIEW OUR SUSTAINABILITY APPROACH ENVIRONMENTAL SOCIAL GOVERNANCE AWARDS INDEX
RkJQdWJsaXNoZXIy NjMyNDM=