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Matters Requiring Board
Approval
The Group has in place an
internal guide regarding
matters that require the Board’s
approval including setting the
strategic direction or policies
or financial objectives which
have or may have significant
impact on the future profitability
or performance of the Group,
material acquisition and
disposal of assets, funding
proposals, approval of annual
budgets, financial statements
and declaration of dividends.
Management is also given clear
directions on matters (including
setting thresholds for operating
and capital expenditure relating
to subsidiaries) that require the
approval of the Board.
Board Orientation and Training
The Company has an orientation
programme for newly appointed
Directors where the Director
would be briefed on the Group’s
industry, business operations,
governance practices and
expected duties of a Director
of a listed company. Newly
appointed Directors will receive
an induction pack containing
the Company’s latest annual
report, information and
documents relating to role and
responsibilities of a director,
relevant company policies and
procedures and regulatory
guidelines relevant to the Group
as well as a board meeting
calendar for the year. If a newly
appointed Director does not
have any prior experience as a
director of a listed company,
the Company will arrange for
such person to attend the Listed
Company Director Programme
conducted by the Singapore
Institute of Directors. Formal
letters of appointment will be
furnished to any newly appointed
Directors, setting out among
other matters, the key terms of
their appointment, obligations,
duties and responsibilities as a
member of the Board. No new
Director was appointed in 2018.
The Directors are provided
with updates on the changes in
relevant laws and regulations,
code of corporate governance,
financial reporting standards and
industry related matters, from
time to time. In addition, the
Directors are also encouraged
to attend relevant training
programmes, seminars and
workshops to enhance their skills
and knowledge, at the expense
of the Company.
The Company Secretary also
keeps the Directors informed of
upcoming conferences, training
and seminars relevant to their
role as Directors of the Company.
At the AC meetings, the external
auditors would update the AC
and the Board on new or revised
accounting standards which are
applicable to the Company or
the Group.
The NC reviews and makes
recommendations on the training
and professional development
program to the Board. The Board
was apprised of the training
During FY2018, the number of the Board and Board Committee meetings held and attended by each
member of the Board and Board Committees at the meetings are set out as follows:
Board
AC
NC
RC
Name of Directors
No. of
Meetings
Held
No. of
Meetings
Attended
No. of
Meetings
Held
No. of
Meetings
Attended
No. of
Meetings
Held
No. of
Meetings
Attended
No. of
Meetings
Held
No. of
Meetings
Attended
Lim Ho Seng
6
6
5
5*
1
1*
1
1
Jeanette Chang
6
6
5
5*
1
1*
1
1*
Dr Benety Chang
6
6
5
5*
1
1
1
1*
Tan Yang Guan
6
5
5
5*
1
1*
1
1*
Wong Meng Yeng
6
6
5
5
1
1
1
1*
Ang Miah Khiang
6
6
5
5
1
1*
1
1
Han Sah Heok Vicky
6
6
5
5
1
1
1
1
* Refers to meetings attended by invitation
Sustainability
42
B A K E R T E C H N O L O G Y
L I M I T E D