Page 12 - ar2012.pdf

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Far East Group Limited (the “Company”) together with its subsidiaries (the “Group”) recognises the importance of
and is committed to maintaining a high standard of corporate governance. Good corporate governance provides the
framework for an ethical and accountable corporate environment, which will protect the interests of the Company’s
shareholders and promote investor confidence.
This report outlines the Company’s corporate governance practices and structures in the financial year ended
31 December 2012 (“FY2012”), with specific reference made to each of the principles of the Code of Corporate
Governance 2005 (the “Code ”). Deviations from the Code are explained. The Company has complied with the
principles of the Code where appropriate.
BOARD MATTERS
Principle 1: Effective Board to lead and control the Company.
The Board of Directors (the “Board”) is entrusted with the responsibility for the overall management of the business
and corporate affairs of the Group. The articles of association of the Company (“Articles”) also provide for telephonic
meetings.
The Company was listed on the Catalist Board of Singapore Exchange Securities Trading Limited (SGX-ST) on 8
August 2011. The number of Board and Board committee meetings held and attended by each Board member for
financial year ended 31 December 2012 is set out as follows:
Board
Board Committees
Audit Nominating Remuneration
Number of meetings held 2 2 1 1
Number of meetings attended
Mr Loh Ah Peng @ Loh Ee Ming 2 2 1* -
Mr Loh Mun Yew 2 2 1* 1*
Mr Leng Chee Keong 2 2 1* 1*
Mr Allan Ward(1) 1 1 - -
Ms Loh Pui Lai 2 2 1 -
Mr Hew Koon Chan 2 2 1 1
Mr Mak Yen-Chen Andrew 2 2 1 1
Mr Tan Hwee Kiong 1 1 1 1
* By Invitation
(1) Mr Allan Ward was appointed as an Executive Director on 1 August 2012. 1 Board meeting and 1 Audit
Committee Meeting were held after his appointment.
Matters which specifically require the Board’s decision or approval are those involving:
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Corporate Governance Report