The board of directors (“
Board
”) and the management (“
Management
”) of Hock Lian Seng Holdings Limited (the “
Company
”) are
committed to achieve good standard of corporate governance and business conduct in order to protect the interest of shareholders.
This report sets out the Company’s corporate governance practices and activities in respect of the financial year ended 31 December
2014 (“
FY2014
”) in relation to each of the principles of the Singapore Code of Corporate Governance 2012 (the “
Code
”) , and where
applicable, the Listing Manual of the Singapore Exchange Securities Trading Limited (“
SGX-ST
”). The Company seeks to comply with
the best practices as outlined in the Code where applicable, feasible and practical to the Group unless otherwise specified.
Board of Directors
The Board’s Conduct of its Affairs
Principle 1:
Every company should be headed by an effective Board to lead and control the company. The Board is collectively responsible
for the long-term success of the company. The Board works with Management to achieve this objective and the Management
remains accountable to the Board.
The Board comprises five Executive Directors, three Non-Executive Independent Directors. They are:
CORPORATE GOVERNANCE REPORT
Name of Director
Appointment
Date of appointment
/ Date of last
re-election
Current directorships
in other listed
companies and other
principal commitments
Past directorships in other
listed companies and
principal commitments
over the preceding 3 years
Ong Seh Hong
Independent Non-
Executive Chairman
(since 1 June 2013)
Chairman-Remuneration
Committee (“
RC
”)
Member-Audit and Risk
Management Committee
(“
ARMC
”),
Nominating Committee
(“
NC
”) & Board Safety
Committee (“
BSC
”)
23 Sep 2011 /
24 Apr 2014
Director -
(1) Dyna- Mac
Holdings Ltd
(2) MoneyMax
Financial
Services Ltd
(3) Zhongming Baihui
Retail Group
Holdings Ltd
Senior Consultant
Psychiatrist -
Alexandra Healthgroup
Member of Parliament
(2001-2011)
Chua Leong Hai
Executive Director and
Chief Executive Officer
(“
CEO
”)
20 May 2009 /
24 Apr 2014
Nil
Nil
Chew Tuan Dong
Executive Director and
Deputy CEO
8 Aug 2014 /
N.A.
Nil
Nil
Chua Hua Hong
Executive Director
15 Sep 2009 /
24 Apr 2014
Nil
Nil
Koh Lian Huat
Independent Director
Chairman- ARMC
Member- NC, RC and
BSC
30 Nov 2009 /
24 Apr 2014
Director -
Zhongming Baihui
Retail Group
Holdings Ltd
Partner - Huat Associates
(ceased in 2011)
Hock Lian Seng Holdings Limited
Annual report 2014
13
