FRENCKEN GROUP LIMITED
ANNUAL REPORT 2015
26
BOARD MEMBERSHIP (CONT'D)
Principle 4 (Cont'd)
None of the Directors are appointed for any fixed term. In accordance with the Company’s Constitution, one-third (1/3) of
the Directors are required to retire at every Annual General Meeting of the Company and all Directors are required to retire
from office at least once every three (3) years, and such Directors will be eligible for re-election at the meeting at which
he retires. The Nominating Committee has recommended the nomination of Mr Yeo Jeu Nam retiring at this forthcoming
Annual General Meeting for re-election, which has been accepted by the Board.
Mr Hendrik Gezinus Tappel and Mr Tan Lai Heng, retiring at this forthcoming Annual General Meeting, have informed the
Board that they will not be seeking re-election at the Annual General Meeting. The Board wishes to place on record its
appreciation to Mr Hendrik Gezinus Tappel and Mr Tan Lai Heng for their invaluable contributions to the Board and the
Group.
Each member of the Nominating Committee shall abstains from voting on any resolutions and making any recommendation
and or participating in respects of matters in which he has interest.
The date of initial appointment and last re-election as directors are set-out below:
Directors
Date of initial appointment
Date of last re-election
Tan Sri Larry Low Hock Peng
20 July 2000
24 April 2014
Hendrik Gezinus Tappel
31 December 2009
25 April 2013
Chia Chor Leong
22 September 2004
23 April 2015
Ling Yong Wah
12 May 2005
24 April 2014
Tan Lai Heng
30 July 2009
25 April 2013
Sim Mong Huat
30 July 2009
23 April 2015
Yeo Jeu Nam
1 November 2010
25 April 2013
Dato’ Gooi Soon Chai
10 February 2015
23 April 2015
Please refer to Board of Director’s section of this Annual Report for a profile of each director’s academic and professional
qualifications.
The Nominating Committee reviews annually the time commitments of directors. Notwithstanding that some of the directors
have multiple board representations, the Nominating Committee is satisfied that sufficient time and attention are being
given by the directors to the affairs of the Company.
Thus there are no compelling reasons to impose a cap on the number of board representations each director may hold since
these directors are able to and have adequately carried out their duties as directors of the Company.
The Nominating Committee held one (1) meeting during the year under review.
In the search for potential new Directors, the Nominating Committee will seek to identify the competence required for
the Board to fulfil its responsibilities. The Nominating Committee may engage recruitment consultants or engage other
independent experts to undertake research on, or assess candidates for new positions on the Board.
Recommendations for new Board members are put to the Board for its consideration and approval.
BOARD PERFORMANCE
Principle 5 There should be a formal annual assessment of the effectiveness of the Board as a whole and its
board committees and the contribution by each director to the effectiveness of the Board.
The Nominating Committee examines the Board’s size to satisfy that it is appropriate for effective decision making, taking
into account the nature and scope of the Company’s operation. The Directors bring to the Board their related experiences
and knowledge and also provide guidance in the various Board Committee as well as to the Management of the Group.
The Nominating Committee will review and evaluate the performance of the Board as a whole and its board committees in
view of the complementary and collective nature of directors’ contributions.
CORPORATE GOVERNANCE STATEMENT
(CONT’D)
