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Food Empire Holdings Limited Annual Report 2013
39
corporate governance
B) BOARD COMPOSITION AND GUIDANCE (cont’d)
- Principle 2: Strong and independent element of the Board (cont’d)
The Directors of the Board review the size and composition of the Board on an annual basis. The Board continues to have a strong and
independent element.
The core competencies of the Board members are as follows:-
Accounting/ Finance/ Business/
Management Experience
Industry
Knowledge
Strategic
Planning
Human
Resource
Law
Tan Wang Cheow
√
√
√
Sudeep Nair
√
√
√
Tan Guek Ming
√
√
√
Lew Syn Pau
√
√
√
Ong Kian Min
√
√
√
Boon Yoon Chiang
√
√
√
√
√
Hartono Gunawan
√
√
√
Koh Yew Hiap
√
√
√
The Directors are professionals in their own fields with industrial, financial, legal and human resource backgrounds. Together they provide
the Group with a wealth of knowledge, expertise and experience to ensure the Group remains competitive and competent. The Non-
executive Directors contribute their independent views and objective judgments on issues of strategy, business performance, resources
and standards of conduct.
The independence of each Independent Non-executive Director is assessed at least annually by the NC. Particular scrutiny is applied in
assessing the continued independence of Directors having served beyond 9 years from the date of his first appointment. In respect of
the two out of three Independent Non-executive Directors, namely Mr. Lew Syn Pau and Mr. Ong Kian Min having served more than 9
years, the Board had considered them independent after rigorous review. The NC is of the view that the current Board has the necessary
competencies, skills and attributes to meet the Group’s targets and to respond to the demands facing the Group.
The NC is also of the view that the current Board size of eight Directors is appropriate, taking into account the nature and scope of the
Company’s operations.
C) CHAIRMAN AND CHIEF EXECUTIVE OFFICER
- Principle 3: Clear division of responsibilities at the top of the Company
The Executive Chairman, Mr. Tan Wang Cheow, is primarily responsible for formulating of the Group’s strategies, which includes developing
new markets, exploring opportunities for acquisitions as well as enhancing in-house production capabilities.