Indofood Agri Resources Limited - Annual Report 2015 - page 54

INDOFOOD AGRI RESOURCES LTD
ANNUAL REPORT 2015
52.
CORPORATE
GOVERN AN CE
Training and Induction for Directors
Induction, orientation and training are provided to newly appointed Directors to familiarise themwith the organisation, business
operations, strategic plans governance practices, as well as industry trends and developments. There was no new Director
appointed in 2015.
As part of ongoing efforts to maximise the effectiveness of the Board, site visits to plantations, mills and factories are arranged
periodically for the Directors. The Directors also receive updates from the Management on relevant business initiatives,
industry developments, and analyst and press commentaries on matters that pertain to the Company or the industries in which
it operates. Where necessary, the Directors may seek professional advice, either individually or as a group, in performing their
duties.
The Directors receive continuing education and training in areas that include the Directors’ duties and responsibilities, corporate
governance, and changes to relevant laws and regulations, such as the Singapore Exchange Listing (“SGX-ST”) Rules, Code of
Corporate Governance, Companies Act, as well as changes in financial reporting standards and industry-related legislations.
The Directors are also invited to attend seminars and trainings organised by the Singapore Institute of Directors (“SID”) to stay
abreast of relevant developments and issues in financial, legal, corporate governance and regulatory requirements.
In 2015, some of the Directors attended the following courses and training programmes:
Date Training Programmes
23 Apr EY’s 9th South East Asia Capital Confidence Barometer Study seminar
13 May Singapore Dialogue on Sustainable World Resources
15 Jul EY breakfast seminar on New and Revised Singapore Standards on Auditing Relating to Auditor Reporting
27 Aug The New Age Board: Turning Uncertainty into Breakthrough Opportunities
28 Aug Launch of Nominating Committee Guide by SID
14 Oct Noble Group: the Saga and its Lessons by SID
28 Oct EY presentation on New and Revised Singapore Standards on Auditing Relating to Auditor Reporting
16 Nov Culture Eats Strategy for Breakfast: Are Boards Paying Enough Attention to it
18 Nov Corporate Governance Roundup 2015 by SID
04 Dec Seminar on Indonesia’s Macroeconomic Condition
BOARD COMPOSITION AND GUIDANCE [PRINCIPLE 2]
The NC conducts a yearly review of the Board size to ensure it is commensurate with the Group’s business and operations.
It also considers the composition of the Board and Board Committees to attain a balance and diversity of skills, experience
and knowledge required by the Directors to discharge their duties and responsibilities effectively as well as to make objective
decisions.
Board Size
As at 31 March 2016, the Board comprises of nine Directors, of whom three are Executive Directors, two are Non-Executive
Directors and four are Independent Directors. Taking into account the nature and scope of the Company’s operations, the
Board and the NC concur that the current Board size is appropriate and adequate for effective decision making.
Name of Director
Board of Directors
Exco AC & RMC NC RC Status Position
Lee Kwong Foo, Edward Lead Independent Chairman Chairman
Lim Hock San Independent Vice Chairman Member Member Chairman
Mark Julian Wakeford Executive Member Chairman
Moleonoto Tjang Executive Member Member
Suaimi Suriady Executive Member Member
Tjhie Tje Fie Non-Executive Member Member Member Member
Axton Salim Non-Executive Member
Goh Kian Chee Independent Member Chairman Member
Hendra Susanto Independent Member Member Member