42 CSE Global Limited REPORT ON CORPORATE GOVERNANCE Board and Board Committees The Board is supported by three board committees namely: (1) Audit and Risk Committee (“ARC”); (2) Nominating Committee (“NC”); and (3) Remuneration Committee (renamed from Compensation Committee on 8 August 2024) (“RC”). The Investment Committee (“IC”) was dissolved on 29 April 2024. The duties, authorities and accountabilities of each committee are set out in their respective written terms of reference. While these Board Committees have the authority to examine particular issues in their respective areas, the Board Committees report to the Board with their decisions and recommendations as the ultimate responsibility on all matters lies with the entire Board. Further information on the roles and responsibilities as well as a summary of the activities of each of the ARC, NC, and RC are set out in the Principles throughout this Corporate Governance Report. 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 2024, 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 2024 (“FY2024”) are set out as follows: Board Audit and Risk Committee Nominating Committee Remuneration Committee Investment Committee General Meeting No. of meetings held during the financial year ended 31 December 2024 7 4 1 1 1 1 No. of meetings attended Tan Teck Koon(2) 7 3 – – – 1 Lim Boon Kheng 7 4 (1) 1 (1) 1 (1) 1 1 Lee Kong Ting 7 4 – – 1 1 Tan Chian Khong 6 4 1 – – 1 Ng Shin Ein 7 4 – – – 1 Wong Su Yen 7 – – 1 – 1 Derek Lau Tiong Seng 6 – 1 1 – – Tang Wai Loong Kenneth(3) 5 3 – – – – Lim Ming Seong(4) 2 _ 1 1 1 1 Sin Boon Ann(5) 2 – 1 1 – 1 Note: 1 Attendance by invitation 2 Mr Tan Teck Koon relinquished his role as a member of Audit and Risk Committee (“ARC”) on 8 August 2024 and subsequently attended the ARC meeting as observer 3 Mr Tang Wai Loong Kenneth was appointed as Non-Executive Independent Director after the conclusion of the Annual General Meeting held on 29 April 2024 4 Mr Lim Ming Seong retired as Non-Executive Independent Director on 29 April 2024 5 Mr Sin Boon Ann retired as Non-Executive Independent Director on 29 April 2024
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