CHAIRMAN AND CHIEF EXECUTIVE OFFICER
Principle 3: Clear division of responsibilities between Chairman and Chief Executive Officer to ensure a
balance of power and authority
The position of Chairman and Chief Executive Officer (“CEO”) are separate and had always been held by two
separate persons to ensure an appropriate balance of power and authority, and a clear division of responsibilities
and accountability.
The Chairman, Mr. Robert S. Lette is a non-executive director. He leads the Board to ensure its effectiveness
in all aspects of its role. He ensures Directors receive accurate, timely and clear information, fosters effective
communication with shareholders, encourages constructive relations between the Board and Management, and
among Directors, and promotes high standards of corporate governance.
The Company does not have a CEO. Mr. Lou Yiliang, the Executive Director of the Company was appointed
in November 2015 to replace Mr. Peter Tan Boon Heng who relinquished the executive responsibility after
completing his one year tenure by end April 2015. The Executive Director has full executive responsibilities
and oversees the daily running of the Group’s operations and is responsible to execute strategies and policies
adopted by the Board.
The Company did not appoint a lead independent director as the Board is of the view that shareholders can
access to the independent directors directly without the need of a lead independent director.
BOARD MEMBERSHIP
Principle 4: Formal and transparent process for appointment of new directors to the Board
The Nominating Committee (“NC”), through a formal and transparent process, makes recommendations to the
Board on all board appointments. The NC met three times in 2015.
As of the date of this report, the NC comprises entirely Non-Executive Directors, majority of whom, including
the Chairman, are independent:
Mr. Teruo Kiriyama
Chairman
Mr. Neal M. Chandaria
Member
Mr. Sunny Wong Fook Choy
Member
The Chairman is not associated with a substantial shareholder. Members of the NC comprise persons of stature,
integrity and accountability, who would be able to exercise independent judgment in the performance of their
duties.
I N N O T E K L I M I T E D
A N N U A L R E P O R T 2 0 1 5
21
CORPORATE
GOVERNANCE REPORT
