Singapore Airlines 2010 Annual Report Download - page 33

ANNUAL REPORT 2009/10
031
corporate governance report
For the period 1 April 2009 to 31 March 2010
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 specific 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 Officer
(Principles 1 To 3)
The Board’s principal functions include charting the Group’s strategic direction, reviewing and approving annual budgets,
financial 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 2010, the Board comprises the following members:
Date of first Date of last
Position held appointment re-election Nature of
Name of Director on the Board to the Board as Director Appointment
Stephen Lee Ching Yen Chairman 26 April 2004 31 July 2009 Non-executive/
Non-Independent
Chew Choon Seng Director 5 March 2003 31 July 2009 Executive/
Non-Independent
William Fung Kwok Lun Director 1 December 2009 N.A. Non-executive/
Independent
Euleen Goh Yiu Kiang Director 1 September 2006 31 July 2009 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
Christina Ong Director 1 September 2007 29 July 2008 Non-executive/
Independent
Helmut Gunter Wilhelm Panke Director 1 September 2009 N.A. Non-executive/
Independent
Lucien Wong Yuen Kuai Director 1 September 2007 29 July 2008 Non-executive/
Independent
Note: Mr Chia Pei-Yuan and Sir Brian Pitman retired on 1 August 2009
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
finance, legal, industry, business, labour and management fields. Their profiles are found on pages 44 to 49.