The Board has formally established a number of committees and agreed upon their terms of reference. The committees are strictly governed by their respective Terms of References.:
Remuneration Committee
The remuneration committee determines the terms and conditions of service of the executive Directors, including the remuneration and grant of options to executive Directors under the Share Option Scheme and any other future share option schemes and arrangements adopted by the Company. Bond Liu is the chairman of the remuneration committee. The other members of the committee are Tan Sri Dato’ Nik Hashim and Pieter Lambert Diaz Wattimena.
Audit Committee
The audit committee has primary responsibility for monitoring the quality of internal control and ensuring that the financial performance of the Company is properly measured and reported on and for reviewing reports from the Company’s auditors relating to the Company’s accounting and internal controls. Sonny Li is the chairman of the audit committee. The other members of the committee are Tan Sri Dato’ Nik Hashim and Pieter Lambert Diaz Wattimena.
Nomination Committee
The nomination committee nominates candidates to fill vacancies on the Board. It is responsible for leading the process for board appointments and for identifying and nominating, for the approval of the Board, candidates for appointments to the Board. It also regularly reviews the structure, size and composition of the Board and keeps under review the leadership needs of the Group to ensure the continued ability of the Group to compete effectively in the market place. Tan Sri Dato’ Nik Hashim is the chairman of the nomination committee. The other members of the committee are Bond Liu and Sonny Li.
Executive Committee
The executive committee operates as a general management committee with overall delegated authority from the Board in respect of day-to-day operation matters so as to ensure decisions can be made efficiently to enable the Company to be in a position to seize opportunities in the fast-moving business environment. Raymond Chu is the chairman of the executive committee. The other members of the committee are Dato’ Lee Boon Han, Lawrence Ying and Chong Khing Chung.
