46 CSE Global Limited REPORT ON CORPORATE GOVERNANCE The Board has Directors with ages ranging from the 50s to 70s, who have served on the Board for different tenures, with 62% of the Board being independent. The current average age of the Board is 61 and the Company targets to reduce the average age of directors to between 55 to 60 by 2025, and between 50 to 55 by 2028. The members of the Board with their combined business, management and professional experience, knowledge and expertise, provide the core competencies to allow for diverse and objective perspectives on the Group’s business and direction. Further information on the individual Directors’ background, experience and skills can be found in the ‘Board of Directors’ section in this Annual Report. The NC is responsible for setting the relevant objectives that promote and achieve diversity on the Board. When reviewing and assessing the composition of the Board and making recommendations to the Board for the appointment of Directors, the NC will consider all aspects of diversity in order to arrive at an optimum balanced composition of the Board. In order to maintain or enhance its balance and diversity, the Board, with the assistance of the NC, would continue to take the following steps: • annual review by the NC to assess if the existing attributions and core competencies of the Board are complementary to the Group’s risk profile, business operations and future business strategies in order to enhance the efficacy of the Board; and • annual evaluation by the Directors of the skill sets that the other Directors possess, with a view to understanding the range of expertise which is lacking by the Board. The Board and NC would consider the results of these exercises in its recommendation for the appointment of new Directors and/ or the re-appointment of incumbent Directors. When reviewing candidates for future Board appointment, the NC will be considering candidates from other disciplines such as information technology and digital transformation and with relevant industry sector experiences, in order to provide more diverse viewpoints and introduce additional skill sets to the Board. 13% 25% 62% INDEPENDENCE as at 31 December 2024 13% 25% 62% Male Directors Female Directors 13% 13% 74% LENGTH OF SERVICE as at 31 December 2024 AGE PROFILE as at 31 December 2024 0 - 4 years 5 - 9 years > 9 years 50 - 59 60 - 69 70 - 79 EXPERTISE AND EXPERIENCE MATRIX as at 31 December 2024 Accounting & Finance Business and Management Industry Strategic Planning Customer-based and marketing Human Resource Management Legal and Regulatory 4 Directors 4 Directors 5 Directors 5 Directors 2 Directors 4 Directors 2 Directors Independent Non-Executive Directors Non-Independent and Non-Executive Directors Executive Director/Group CEO 25% 75% GENDER DIVERSITY as at 31 December 2024
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