STAMFORD TYRES CORPORATION LIMITED
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DRIVING IT UP
Directors are briefed on regulatory changes, especially those on the Company’s or director’s disclosure
obligations. In order to ensure that the Board is able to fulfill its responsibilities, prior to the Board meetings,
Management provides the Board with information containing relevant background or explanatory information
required to support the decision-making process.
Newly-appointed directors will be given a formal letter explaining his duties and obligations as a director. They
will also be briefed by Management on the Group’s business, its strategic directions as well as its corporate
governance policies. Orientation programmes and familiarisation visits are organised, if necessary, to facilitate a
better understanding of the Group’s operations.
The Board has separate and independent access to the Company Secretary at all times. The Company Secretary
attends Board and Committees’ meetings and is responsible for ensuring that Board procedures are followed.
The Board also has access to independent professional advice, where necessary, at the Company’s expenses.
Principle 2 : Board Composition and Guidance
There should be a strong and independent element on the Board, which is able to exercise objective judgement
on corporate affairs independently, in particular, from Management and 10% shareholders. No individual or small
group of individuals should be allowed to dominate the Board’s decision making.
The Board comprises eight directors as follows :
Board
Audit
Committee
Nominating
Committee
Remuneration
Committee
Sam Chong Keen
Chairman
Member
Chairman
Chairman
Wee Kok Wah
Member
-
Member
-
Mrs Dawn Wee Wai Ying
Member
-
-
-
Tay Puan Siong
Member
Chairman
Member
-
Goh Chee Wee
Member
-
-
Member
Dr Wee Li Ann
Member
Member
-
Member
Leslie Mah Kim Loong
Member
Member
-
-
Kazumichi Mandai
Member
-
-
-
Mr Sam Chong Keen is the non-executive and independent Chairman. The President, Mr Wee Kok Wah and
the Executive Director, Mrs Dawn Wee Wai Ying are both executive directors. Dr Wee Li Ann is a non-executive
director. Mr Tay Puan Siong, Mr Goh Chee Wee, Mr Leslie Mah Kim Loong and Mr Kazumichi Mandai are non-
executive and independent directors.
The Company’s Constitution permit the directors to attend meetings through the use of audio-visual
communication equipment.
Corporate Governance
(Cont’d)
