CORPORATE GOVERNANCE REPORT
The Management keeps the Directors up-to-date on pertinent developments including the Group’s business financial
reporting standards and industry-related matters. The Company also has in place an orientation program and materials
to ensure that all Directors are familiar with the business and organisation structure of the Group. Every new Director
will also receive a formal letter of appointment setting out the duties and obligations of the Director upon appointment.
To get a better understanding of the Group’s business, the newly appointed Director will also be given the opportunity
to visit the Group’s operational facilities and meet with the management of the Group (the “Management”). The
Company encourages Directors to attend training courses organised by the Singapore Institute of Directors or other
training institutions in connection with their duties. The recruiting, appointing and resigning processes for Directors
are discussed in Board meetings and NC meetings. The decision-making processes and the decisions are recorded in
meeting minutes in a timely and orderly manner.
The attendance of the Directors of the Board and Board Committees as well as the frequency of such meetings in the
financial year ended 30 June 2016 are disclosed in the table below:
Types of Meetings
Names of Directors
Board
Audit
Committee
Nominating
Committee
Remuneration
Committee
Total held for FY2016
2
2
1
1
Ng Cheng Lian
1
#
1*
1*
1*
Koh Thong Huat
2
2*
1*
1*
Foo Joon Lye
2
2*
1*
1*
Tan Eng Ann
2
2
#
1
1
Soh Chun Bin
2
2
1
1
#
Ng Kheng Choo
2
2
1
#
1
Notes:
#
Chairman
* By invitation
Board Composition and Guidance
Principle 2:
There should be a strong and independent element on the board, which is able to exercise objective
judgment on corporate affairs independently, in particular, from management and 10% shareholders. No
individual or small group of individuals should be allowed to dominate the board’s decision making.
The Board currently comprises three Executive Directors and three Independent Directors as follows:
Executive Directors
Mr Ng Cheng Lian (Executive Chairman)
Mr Koh Thong Huat (Chief Executive Officer (“CEO”))
Mr Foo Joon Lye (Director (Operations))
Independent Directors
Mr Tan Eng Ann
Mr Soh Chun Bin
Ms Ng Kheng Choo
42
ISOTEAM LTD.
ANNUAL REPORT 2016
