would also take into account their respective ability to make informed decisions and level of comprehension
of legal, accounting and regulatory requirements and whether they have the essential skills to competently
discharge the Board’s duties.
The NC is satisfied that each Director is able to and has been adequately performing his duties as a Director of
the Company, devoting sufficient time and attention to the affairs of the Company.
ACCESS TO INFORMATION
Principle 6: Provision of complete, adequate and timely information prior to board meetings and on an
on-going basis
The Company recognized the importance of providing the Board with timely and complete information prior
to its meetings and as and when the need arises.
In order to ensure that the Board is able to fulfill its responsibilities, the Management provides the Board with
monthly financial reports, forecasts/budgets and other relevant information of the Group. In addition, the
Management provides adequate and timely information to the Board on affairs and issues that require the
Board’s attention and decision.
Board members have full co-operation from Management and separate and independent access to the senior
management including the Company Secretary, who attends all Board and Board committee meetings.
The role of the Company Secretary is clearly defined and includes responsibility for ensuring that board
procedures are followed and that the Company complies with the requirements of the Companies Act and all
other applicable rules and regulations. The Company Secretary ensures that Board members are fully briefed and
aware of their duties and responsibilities when making decisions. The Company Secretary’s responsibilities also
include ensuring good information flows within the Board and its committees, and between senior management
and non-executive directors.
Board members are aware that they, whether as a group or individually, can have independent professional
advice as and when necessary to enable them to discharge their responsibilities effectively. The cost of such
professional advice is borne by the Company.
REMUNERATION MATTERS
Principle 7 – Formal and transparent procedure for fixing remuneration packages of directors
The Remuneration Committee which is also the Employees’ Share Option Plan Committee (“RC”) comprises
entirely Non-Executive Directors, majority of whom, including the Chairman, are independent:
Mr. Sunny Wong Fook Choy
Chairman
Mr. Robert S. Lette
Member
Mr. Steven Chong Teck Sin
Member
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
23
CORPORATE
GOVERNANCE REPORT
