The Board has a good mix of Directors and believes that its composition achieves a diversity of skills, knowledge, experience as well as gender to the Company as follows: Diversity of the Board (FY2024) Core Competencies Number of Directors Proportion of Board – Accounting or finance 2 29% – Business management 5 71% – Legal and corporate governance 4 57% – Relevant Industry Knowledge or experience 5 71% – Strategic planning experience 5 71% – Gender 1 14% Targets and Progress In addition to having the relevant and appropriate professional experience, the Company aims to achieve a diversity of tenure of service, female representation, age as well as to maintain a majority Board members to be independent. (a) Tenure of Service of Independent Directors The tenure of each independent Director is monitored closely every year so that the process for Board renewal is reviewed and considered ahead of any independent Director reaching the nine-year mark to facilitate a smooth transition and to ensure that the Board continues to have an appropriate level of independence. The tenure of service of Independent and Non-executive Independent Directors as at 30 September 2024 falls within 2 out of the 3 age categories as described below: Years of service Number of Directors Proportion of Board 3 years or less 3 75% Between 4 and 7 years 1 25% More than 7 years 0 – The Company’s target is to maintain the current level of tenure diversity as part of the Board renewal process to facilitate the Board renewal process. (b) Female Board Representation Ms Wong Ee Kean’s appointment as an Non-executive Independent Director on 31 January 2024 marks the Company’s inaugural appointment of a female director on its Board. (c) Diversity of Age There is no age limit fixed for its Directors as weight should be given to suitable candidates with repute and experience regardless of age. Nonetheless, the Company will endeavour to promote age diversity when considering the composition of board members for any board appointment. At the same time, the Company continues to value contribution of its members regardless of age. (d) Maintain majority Board members to be independent As of 30 September 2024, the Board of Directors comprised seven members of which four were Independent Directors. The Company will continue to maintain the same number of independent Board members to ensure compliance with the CG Code. 29 ANNUAL REPORT 2024 CORPORATE GOVERNANCE REPORT
RkJQdWJsaXNoZXIy NTkwNzg=