Megachem Limited Annual Report 2015 48 Corporate Governance Report 4.7 Directors’ Key Information Name of Director Date of initial appointment Date of last re-election Present directorships in listed companies Past directorships in the preceding 3 years in listed companies Mr Sidney Chew Choon Tee 28 April 1989 10 April 2015 Nil Nil Mr Jeffrey Tan Bock Chia 12 September 1988 28 April 2014 Nil Nil Mr Chan Kam Loon 28 September 2007 28 April 2014 i. Hupsteel Ltd ii. Jiutian Chemical Group Limited iii. Sarine Technologies Limited i. China Gaoxian Fibre Fabric Holdings Ltd ii. Z-Obee Holdings Ltd iii Vashion Group Ltd Mr Lee Bon Leong 5 September 2003 10 April 2015 i. Ann Aik Limited ii. Asia Enterprises Holding Ltd Nil Dr Tay Kin Bee 1 July 2013 28 April 2014 Nil Nil Mr Atsushi Saito 21 November 2012 15 April 2013 Nil Nil The following directors will stand for re-election in the forthcoming annual general meeting. Name of Director Shareholdings (direct and deemed) in the Company (as at 21 January 2016) Relationships including immediate family relationships between the candidate and the directors, the Company or its 10% shareholders Mr Jeffrey Tan Bock Chia 24,639,483 (18.48%) Nil Mr Atsushi Saito Nil An employee of Chori Co., Ltd, a 29.99% shareholder of Megachem Limited Please refer to Board of Directors section of this Annual Report for a profile of each director’s academic, professional qualifications and other principal commitments. BOARD PERFORMANCE Principle 5 There should be a formal annual assessment of the effectiveness of the Board as a whole and its board committees and the contribution by each director to the effectiveness of the Board. 5.1 The Nominating Committee conducts an annual assessment of the performance of the Board as a whole and its board committees in view of the complementary and collective nature of directors’ contributions. This process is conducted using a questionnaire designed to assess the performance of the Board and its Board committees. The Board and Board committees’ performance will be evaluated by each director and the findings are collated for the final review by the Nominating Committee and Board. 5.2 The Nominating Committee has established objective performance criteria such as entrepreneurial leadership, value setting, frequency of meetings and participation in strategic planning, risk management and internal controls to evaluate the Board’s performance as a whole.
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