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The dates of Board, Board Committees and Annual General meetings are scheduled at the beginning of the year. At each Board Meeting,
the Board will receive the presentations from the senior management team and the executive team from the business units. The Board
holds regular meetings to deliberate the strategic policies of the Group including signifcant acquisitions and disposals, review and
approve annual budgets, review the performance of the business and approve the release to the public of periodic fnancial results.
The Company’s Articles of Association provides for Board meetings to be conducted via telephone or any other forms of communication
facilities as well as decision making by way of written resolutions.
The directors’ attendance at Board and Board Committee meetings held during the fnancial year ended 31 December 2012 is set out
in the table below:
Board
Audit
Committee
Nominating
Committee
Remuneration
Committee
Number of meetings held during
the fnancial year ended 31 December 2012
4
8
2
1
Lee Kwong Foo, Edward
4/4
N/A
2/2
N/A
Lim Hock San
3/4
5/8
1/2
1/1
Mark Wakeford
4/4
N/A
N/A
N/A
Moleonoto Tjang
4/4
N/A
N/A
N/A
Gunadi (resigned on 27 Sep 2012)
3/4
N/A
N/A
N/A
Suaimi Suriady
4/4
N/A
N/A
N/A
Sonny Lianto (appointed on 27 Sep 2012)
1/4
N/A
N/A
N/A
Tjhie Tje Fie
4/4
N/A
2/2
1/1
Axton Salim
3/4
N/A
N/A
N/A
Goh Kian Chee
4/4
8/8
N/A
1/1
Hendra Susanto
4/4
8/8
2/2
N/A
■■
Chairman
N/A “not applicable”
In order to keep the Directors abreast of developments in the industry and the Group’s operations, site visits to plantations, mills and
factories are arranged periodically to provide exposure to the Directors as part of their ongoing education and training. Besides this,
Directors are updated through detailed presentations on the development and progress of the Group’s key operations as well as the
industry-specifc trends and developments.
Briefngs and updates on Directors’ duties and responsibilities and changes to the relevant laws and regulations such as the Singapore
Exchange Listing Rules, Code of Corporate Governance and Companies Act are also provided to the Board. Directors are also invited to
attend seminars and trainings organised by the Singapore Institute of Directors to stay abreast of relevant developments and issues in
fnancial, legal, corporate governance and regulatory requirements.
Indofood Agri Resources Ltd.
•
Annual Report 2012
47
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