Corporate Governance

The Board

The Board is responsible for creating value for shareholders, determining strategy, investment and acquisition policy, approving significant items of expenditure and for the consideration of significant financing and legal matters.

The Board is chaired by William J Swords. The Group is currently led and controlled by a Board consisting of the Chairman, CEO, and three other Non-executive Directors. The Board considers that the Non-executive Directors each have specific expertise and experience, materially enhancing knowledge and judgment to contribute to the overall performance of the Board. Click here to see the biographies of the Board of Directors.

		Committees
		Audit	Remuneration
William J Swords	Chairman	Chairman	Member
David Ho Peng Cheong	Chief Executive Officer	-	-
Gopinath Pillai	Non-executive Director	Member	Member
Ramaswamy Jayapal	Non-executive Director	-	-

Audit Committee

The purpose of the Audit Committee, which is chaired by William J Swords, is to provide formal and transparent arrangements for considering how to apply the financial report and internal control principles set out in the Combined Code, and to maintain an appropriate relationship with the Company s auditors. The key terms are as follows:

to monitor the integrity of the financial statements of the Company and any formal announcement relating to the Companys performance
to monitor the effectiveness of the external audit process and make recommendations to the Board in relation to the appointment, re-appointment and remuneration of the external auditors
to keep under review the relationship with the external auditors including (but not limited to) their independence and objectivity
to keep under review the effectiveness of the Companys financial reporting and internal control policies and systems and
to review, at least annually, the need for an internal audit function.

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Remuneration Committee

The purpose of the Remuneration Committee, which is chaired by Tunku Iskander, is to establish a formal and transparent procedure for developing policy on executive remuneration and to set the remuneration packages of individual full-time Executive Directors. The key terms are as follows:

to determine and agree with the Board the framework or broad policy for the remuneration of the full-time Executive Directors
to determine the total individual remuneration package of each full-time Executive Director including, where appropriate, bonuses, incentive payments and share options
to determine targets for any performance related pay schemes and
to determine the policy for and scope of pension arrangements for full-time Executive Directors.

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Articles and Memorandum of Association