Singapore Airlines 2002 Annual Report Download - page 30

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1. The SIA Board will continue to uphold
the highest standards of corporate
governance within the Company and
the SIA Group of companies.
2. Board of Directors
2.1 The Board supervises the management
of the Company. It meets regularly and
focuses on strategies and policies, with
particular attention paid to major
investments and financial performance.
2.2 The Board members are:
Chairman
Koh Boon Hwee
Deputy Chairman and
Chief Executive Officer
Cheong Choong Kong
Members
Edmund Cheng Wai Wing
Fock Siew Wah
Charles B Goode
Ho Kwon Ping
Lim Boon Heng
Lim Chee Onn
Davinder Singh
3. Board Executive Committee
3.1 The functions of the SIA Board
Executive Committee (ExCo) are:
a) to review the overall strategy of the
Group and make recommendations to
the Board;
b) to review and recommend to the Board
the annual operating and capital
budgets; and
c) to review and approve all matters
relating to the Group’s subsidiaries and
associates.
Corporate Governance
3.2 The members of the ExCo are:
Chairman
Koh Boon Hwee
Deputy Chairman and
Chief Executive Officer
Cheong Choong Kong
Members
Fock Siew Wah
Lim Chee Onn
4. Audit Committee
4.1 The Audit Committee comprises three
members, two of whom are independent
non-executive directors. The members
of the Audit Committee at the date of
this report are:
Chairman
Edmund Cheng Wai Wing
Members
Koh Boon Hwee
Ho Kwon Ping
4.2 The Committee holds quarterly
meetings with the internal auditors and
the external auditors of the Company,
and performs the following functions:
a) reviews the audit plans of the internal
auditors and the external auditors of
the Company, the results of their
examination of the Company's system
of internal accounting controls and the
cooperation given by the Company's
officers to the external and internal
auditors;
b) reviews the financial statements of the
Group and the Company and the
auditors' report thereon before their
submission to the Board of Directors;
c) nominates the external auditors for
reappointment; and
d) reviews interested person transactions.
30 SIA Annual Report 01/02