Group Overview Operation and Financial Review Financials Sustainability and Governance Other Information 35 Annual Report 2025 Corporate Governance Name Board of Directors Exco AC & RMC NC RC Status Position Philip Yeo Liat Kok Lead Independent Chairman Chairman Chairman Mark Julian Wakeford Executive Member Chairman Moleonoto Tjang Executive Member Member Suaimi Suriady Executive Member Member Tjhie Tje Fie Non-Executive Member Member Axton Salim Non-Executive Member Member Goh Kian Chee Non-Executive Member Member David Sungkoro Independent Member Chairman Member Andreas Tan Independent Member Member Member Member The current Board composition reflects the Company’s commitment to Board diversity, with members representing different geographical backgrounds (Singapore and Indonesia), experiences, professions and age groups. The Directors possess a wide range of skills, qualifications and competencies in operations management, banking, finance, accounting, risk management, technology and industry knowledge that meet the requirements of the Group. Three of the Directors, namely the CEO, Mr Mark Julian Wakeford, and the EDs, Messrs Moleonoto Tjang and Suaimi Suriady, have extensive experience in plantation management and downstream refinery operations in Indonesia. The biographies and key information of the Directors are provided on pages 26 to 29 of this Annual Report. Having considered the scope and nature of the Group’s businesses, the requirements of the business and the need to avoid undue disruptions from changes to the composition of the Board and Board Committees, the Board, in concurrence with the NC, considers that the Board size of nine is appropriate. The Board also believes that the current composition of the Board and Board Committees effectively serves the Group. The current Directors bring a variety of professional experiences and backgrounds, and this allows for informed and constructive discussion and effective decision-making at the Board meetings. The Board will, however, continue to review opportunities to refresh the Board with a view to expanding the skills, experience and diversity of the Board as a whole. The Company endorses the principle that its Board should have a balance of skills, knowledge and experience appropriate to its business so as to mitigate against groupthink and to ensure that the Group can benefit from all available talents. In reviewing the Board’s composition and succession planning, the NC considers the benefits of all aspects of diversity. The NC reviews the composition and size of the Board every year to ensure that the size of the Board is conducive for effective discussions and there is sufficient diversity without interfering with efficient decisionmaking. It is satisfied that the Board has the appropriate mix of expertise, experience and collectively possesses the necessary core competencies to lead and govern the Group effectively. Each Director has been appointed on the strength of his calibre, experience, stature and ability to contribute to the development of the Group’s strategy and business performance. Board Independence: The NC conducts a review annually and as and when circumstances require, according to the definitions set out in the SGX-ST Listing Manual and the guidelines of independence in the 2018 CG Code and its accompanying Practice Guidance to determine the independence of the Directors. The NC also considers the nature of relationships and circumstances that could influence the judgement and decisions of the Directors and deliberates on the independence of the Directors based on their conduct and judgement before tabling its findings and recommendations to the Board for approval.
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