36 GROUP OVERVIEW OPERATION AND FINANCIAL REVIEW SUSTAINABILITY & GOVERNANCE FINANCIALS OTHER INFORMATION Indofood Agri Resources Ltd Corporate Governance The attendance at the Board and Board Committee meetings and AGM in 2023 was as follows: Description Board AC & RMC NC RC AGM Number of meetings held in 2023 3 6 1 1 1 Name of Directors Number of meetings attended Lee Kwong Foo Edward 3 – 1 – 1 Lim Hock San 3 6 1 1 1 Mark Julian Wakeford 3 – – – 1 Moleonoto Tjang 3 – – – 1 Suaimi Suriady 2 – – – 1 Tjhie Tje Fie 3 4 1 1 1 Axton Salim 2 – – – 1 Goh Kian Chee 3 6 – 1 1 Hendra Susanto (1) 1 2 1 – 1 Chairman “-” Not Applicable (1) Hendra Susanta retired at the last AGM held on 14 April 2023. Board Approval: The Company has internal guidelines governing the key matters requiring the Board’s approval as specified by the SGX-ST Listing Manual. Some of the issues requiring the Board’s approval include the Company’s strategic and operating plans, half-yearly and full-year financial results, dividend matters, issuance of shares, succession plan for the Board and Management namely the Chief Executive Officer (“CEO”), Chief Financial Officer (“CFO”) and Chief Operating Officer (“COO”), acquisition and divestment of businesses exceeding certain material limits, and all material commitments to term loans, lines of credit and credit support from banks and financial institutions. PRINCIPLE 2: Board Composition and Guidance Board Composition and Size: The Company recognises and values the diversity of backgrounds and perspectives of the Board as a critical asset in making objective and comprehensive decisions that are in the best interest of the Company. The NC ensures a balanced representation at the Board by considering factors such as the diversity of skills, knowledge, experience, gender, background and age of the Directors. The NC is also responsible for examining the composition and size of the Board and Board Committees. As at 20 March 2024, the Board was made up of eight Directors, comprising three EDs, two NEDs and three IDs. All the Directors are male, between 45 and 77 years old, and have each served on the Board for around 17 years. Three of the Directors are Singaporeans and the other five are either Singapore permanent residents or foreigners. Name 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 Member Axton Salim Non-Executive Member Goh Kian Chee Independent Member Chairman Member
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