Singapore Airlines 2003 Annual Report Download - page 37

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35
SIA Annual Report 02/03
5.4 Although the BCOC consists of non-independent Directors, except for Dr Cheong Choong Kong, all the other members
are independent of Management. Matters pertaining to Dr Cheong Choong Kong were discussed without his presence
at the meeting.
5.5 The BCOC does not review nor make recommendations to the Board on Directors’ remuneration. The Company generally
follows the guidelines on directors’ remuneration issued by Temasek Holdings (Private) Ltd, which the Board feels is a
fair gauge.
6. NOMINATING COMMITTEE
6.1 The Nominating Committee was established on 14 July 2001 and comprises three independent directors. The Nominating
Committee’s functions include considering and making recommendations to the Board concerning the appointment
and re-appointment of directors, and determining the independence of Directors. The Committee also considers candidates
to fill new positions created by expansion and vacancies that occur by resignation, retirement or for any other reason.
6.2 The members of the Committee are:
Chairman : Davinder Singh
Members : Edmund Cheng Wai Wing
Charles B Goode
6.3 The Board has implemented an annual performance evaluation process to assess the effectiveness of the Board as a
whole. The criteria for evaluation were selected based on industry standards, and an independent consulting firm was
engaged to facilitate the evaluation process, and analyse and interpret the data.
6.4 The Directors independently evaluated the Board on the selected criteria, and the consulting firm presented its findings
to the Chairman of the Board. The Board then reviewed the findings to identify areas for improvement. At the next stage
of the evaluation, the Board will use the findings to monitor the effectiveness of contributions by individual Directors.
7. SAFETY AND RELIABILITY COMMITTEE
7.1 Formed on 11 February 2003, the Safety and Reliability Committee (SRC) aims to ensure that the Company has effective
systems and processes in place to provide the best practicable management of critical operational safety, and reliability
and performance issues.
7.2 The functions of the SRC include ensuring that systems and programmes comply with regulatory requirements and
accord with the best practices of the aviation industry; reviewing regular reports on safety and reliability performances;
reviewing accident investigation findings and recommendations; and advising Management and reporting to the Board
on safety and reliability issues.
7.3 The members of the SRC are:
Chairman : Koh Boon Hwee
Member : Lim Boon Heng
One meeting was held in 2002-03, after the formation of the SRC. All the members attended the meeting.