The Board presently has six (6) Directors comprising three (3) Executive Directors and three (3) Independent Non-Executive Directors. More than one-third of the Board comprises Independent Non-Executive Directors. Independent Non-Executive Directors are equal Board members and provide a balanced and independent views as well as unbiased judgments to the Board in order to safeguard the interest of shareholders.
The position of Chairman and Managing Director is not held by the same Director and more than one-third of the Board is Independent Non-Executive Directors, who provide a check and balance in the Board and no individual can dominate the Board on decision-makings.
The Board reviews annually its performance, as well as the performance of Board Committees and individual Directors based on a set of predetermined criteria that is facilitated by the Company Secretary. The Board is satisfied that the composition of the Board and its Board Committees have satisfied the criteria required and Board members posses the relevant knowledge, experience and skills in carrying out their duties and responsibilities.
The Board has also reviewed its size and composition and is satisfied that its current size and composition is effective for proper functioning of the Group.
The Board has established the following committees to assist the Board in carrying out its responsibilities:-