Singapore Airlines 2009 Annual Report Download - page 32

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30
The Board and Management are committed to continually enhancing shareholder value by maintaining high
standards of corporate governance, professionalism, integrity and commitment at all levels, underpinned by
strong internal controls and risk management systems.
This Report sets out the Company’s corporate governance processes, with specifi c reference to the guidelines
of the enhanced Code of Corporate Governance issued by the Ministry of Finance in Singapore in July 2005
(“the Code”).
The Board’s Conduct of Affairs, Board Composition and Guidance, Chairman and Chief Executive Offi cer
(Principles 1 to 3)
The Board’s principal functions include charting the Group’s strategic direction, reviewing and approving annual
budgets, fi nancial plans and monitoring the Group’s performance; approving major acquisitions and fund-raising
exercises; and ensuring the Group’s compliance with all laws and regulations as may be relevant to the business.
As at 31 March 2009, the Board comprises the following members:
Position held Date of fi rst appointment Date of last Nature of
Name of Director on the Board to the Board re-election as Director Appointment
Stephen Lee Ching Yen Chairman 26 April 2004 31 July 2007 Non-executive/
Non-Independent
Chew Choon Seng Director 5 March 2003 31 July 2007 Executive/
Non-Independent
Chia Pei-Yuan Director 1 October 2003 29 July 2008 Non-executive/
Independent
Euleen Goh Yiu Kiang Director 1 September 2006 31 July 2007 Non-executive/
Independent
David Michael Gonski Director 9 May 2006 29 July 2008 Non-executive/
Independent
James Koh Cher Siang Director 1 August 2005 31 July 2007 Non-executive/
Independent
Sir Brian Pitman Director 26 July 2003 29 July 2008 Non-executive/
Independent
Christina Ong Director 1 September 2007 29 July 2008 Non-executive/
Independent
Lucien Wong Yuen Kuai Director 1 September 2007 29 July 2008 Non-executive/
Independent
The Board currently comprises 9 Directors. The size and composition of the Board are reviewed from time to
time, taking into account the scope and nature of operations of the Company, to ensure that the size of the
Board is adequate to provide for a diversity of views, facilitate effective decision-making, and that the Board
has an appropriate balance of executive, independent and non independent Directors. The Directors come from
diverse backgrounds with varied expertise in fi nance, legal, industry, business, labour and management fi elds.
Their profi les are found on pages 42 to 47.
CORPORATE GOVERNANCE REPORT
For the period 1 April 2008 to 31 March 2009
30