42 CSE GLOBAL LIMITED REPORT ON CORPORATE GOVERNANCE The Company is not required under the SGX-ST Listing Rules to perform quarterly reporting, which came into effect on 7 February 2020. Notwithstanding this, the Board continues to conduct regularly scheduled meetings for the first and third quarters of the financial year to receive key financial, business and operational updates, in addition to the half-yearly meetings which coincide with the announcement of the Group’s half-year and full-year results respectively. Ad-hoc meetings may also be convened as and when warranted by particular circumstances, as deemed appropriate by the Board. The Company has provided for telephonic and videoconference meetings in its Constitution. Annually, the Company will have an offsite planning meeting for the Directors and key executives to come together to discuss the key business growth and the growth plans going forward. In 2023, the Board had one strategy meeting with key executives. The Directors’ attendance at Board, Board Committee and General Meetings during the financial year ended 31 December 2023 (“FY2023”) are set out as follows: Board Audit and Risk Committee Nominating Committee Compensation Committee Investment Committee General Meeting No. of meetings held during the financial year ended 31 December 2023 5 4 1 1 1 1 No. of meetings attended Lim Ming Seong 5 – 1 1 1 1 Lim Boon Kheng 5 4 (1) 1 (1) 1 (1) 1 1 Sin Boon Ann 5 – 1 1 – 1 Lee Kong Ting 5 4 – 1 1 1 Tan Chian Khong 5 4 1 – – 1 Ng Shin Ein 5 4 – – – 1 Wong Su Yen 5 – – 1 – 1 Derek Lau Tiong Seng 4 – 1 – – 1 Tan Teck Koon* 4 3 – – – – Note: 1 Attendance by invitation * Mr Tan Teck Koon was appointed on 1 May 2023 Directors’ Induction, Training and Development The Company has in place general induction-training programmes to ensure that every newly appointed Director of the Company is familiar with the Group’s structure, the Group’s business and its operations, the Company’s governance practices and relevant statutory and regulatory compliance issues. Every newly appointed Director of the Company is expected to undergo an induction programme which includes meetings with the Chairman, Managing Director and Group Chief Financial Officer as part of the training in the affairs of the business. For new Directors who do not have prior experience as a director of a public listed company in Singapore, they must undergo the mandatory training courses as prescribed by Singapore Exchange Securities Trading Limited. The Company will issue a formal appointment letter, which sets out the director’s duties and obligations, to each director upon appointment. A formal letter was issued to Mr Tan Teck Koon who was appointed on 1 May 2023. To ensure that Directors have the opportunities to develop their skills and knowledge and to continually improve performance of the Board, all Directors are encouraged by the Company to undergo continual professional development at the Company’s expense, during the term of their appointment. Our Directors are also encouraged to be members of the Singapore Institute of Directors (“SID”) and to receive updates and training from SID in order to stay abreast of relevant developments in financial, legal and regulatory requirements.
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