72
TIH Limited
8.
Approval of related party transactions;
9.
Approval of interim dividend payments and recommendation of final dividend payments;
10. Veto rights of investment proposals via the Board Investment Committee.
There are at least four scheduled Board meetings held each year. In addition, ad hoc non-scheduled Board
meetings are convened when necessary to deliberate on urgent substantial matters. The dates of all the meetings
were scheduled before the beginning of each year in order to achieve full attendance by the Directors where
possible. As permitted by the Company’s Articles of Association, Directors may participate in a Board meeting
by means of a conference telephone, conference television or similar communication equipment on occasions
when they are not able to be present in person at the meeting. The Board and Board Committees also relied on
circular resolutions and discussions conducted via telephonic conferences and other forms of communication to
discharge their duties. There were four (4) Board meetings, four (4) AC meetings, one (1) NC meeting, one (1)
RC meeting and one (1) RGC meeting held in the financial year ended 31 December 2014. Attendance of such
meetings by the Directors are tabulated below.
2014 Board and Committee Meetings Attendance
(Please refer to page 73 of this Annual Report for the Directors’ memberships in the respective committees.)
Name of Director
Number of
Board
Meetings
Attended
Number of
Audit
Committee
Meetings
Attended
Number of
Nominating
Committee
Meeting
Attended
Number of
Remuneration
Committee
Meeting
Attended
Number of Risk
Governance
Committee
Meeting
Attended
Kin
Chan
4 of 4
–
1 of 1
–
1 of 1
Cheong
Kok Yew
(Stanley)*
4 of 4
–
–
–
1 of 1
Vince
Feng
4 of 4
4 of 4
–
1 of 1
1 of 1
Liong
Tong Kap
4 of 4
4 of 4
1 of 1
1 of 1
1 of 1
Li
Yick Yee Angie
3 of 4
–
–
1 of 1
1 of 1
Daniel
Budiman
4 of 4
4 of 4
1 of 1
–
1 of 1
*
Mr Wang Ya Lun Allen has been appointed as a Director of the Company on 26 February 2015 in place of Mr Cheong Kok Yew (Stanley)
who resigned on the same day.
As a standing practice, Board members are invited by the AC Chairman to attend the AC meetings. Most
Directors (who are not AC members) do try to attend the AC meetings as observers. Similarly, all Directors are
also invited to be observers at the NC and RC meetings, which are held on an annual basis.
To facilitate an effective and efficient discharge of duties and responsibilities, the Directors are provided with
extensive information on the Company’s activities relating to investments and divestments with regular and
timely updates whenever there are any new developments.
To ensure that Directors keep pace with regulatory changes that will have an important bearing on the
Company’s or directors’ disclosure obligations, the Directors are briefed during Board meetings and specially
prepared materials on the relevant matters are provided in the Board Book which is distributed to the Directors at
least one week before the meeting. In addition, the Company allows each Director to claim professional training
fees on a per annum basis as approved by the Board from time to time.
