Lawrence Loh Isabel Sim Muhammad Ibrahim Vincent Yang … · Lawrence Loh Isabel Sim Muhammad...
Transcript of Lawrence Loh Isabel Sim Muhammad Ibrahim Vincent Yang … · Lawrence Loh Isabel Sim Muhammad...
Lawrence Loh Isabel Sim Muhammad Ibrahim Vincent Yang Shaozhen
GTI 2009 GTI 2010 GTI 2011 GTI 2012 GTI 2013
30
35
40
33.9 33.5
31.5
34.9
38.0
Commerce
Construction
Finance
Hotels / Restaurants
Manufacturing
Multi-Industry
Properties
Transport, Storage & Communication
Services
34.8
30 40 50 6010 200
32.929.2
34.529.8
28.1
49.043.2
38.4
35.033.3
30.4
36.133.4
30.2
53.848.1
43.2
44.438.6
36.9
47.342.6
39.3
36.933.6
29.6
GTI 2013GTI 2012GTI 2011
0
5
Base Score Bonus Score Penalty Score
10
15
20
25
30
35
40
45
1.8 2.2 3.0
7.85.1 5.9
37.5 37.741.0
GTI 2013GTI 2012GTI 2011
GTI 2013GTI 2012GTI 2011
34 3330
3335
39 40 4043
37
27 27 2624
29
25th 50th 75th05
10
15
20
25
30
35
40
45
50
GTI Score Percentile
GTI 2010GTI 2009
Is the board led by an independent chairman?
Satisfy Code of Corporate Governance 2012 Guideline 2.2:
14.8% (98 Companies)
Satisfy Code of Corporate Governance 2012 Guideline 2.2 & Guideline 3.3:
18.1% (120 Companies)
Does the board have a lead independent director
+having more than 50% of the
board Independent
Needs improvement by FY 2017(67.1%, 446 Companies)
Yes
Yes
No
No
Guideline 2.2 The independent directors should make up at least half of the Board where:
Guideline 3.3 Every company should appoint an independent director to be the lead independent director where:
(a) the Chairman of the Board (the “Chairman”) and the Chief Executive Officer (or equivalent) (the “CEO”) is the same person;(b) the Chairman and the CEO are immediate family members;(c) the Chairman is part of the management team; or(d) the Chairman is not an independent director.
CODE OF CORPORATE GOVERNANCE 2012
0%
10%
20%
70%
30%
60%
40%
50%
Process disclosed
Criteria disclosed
Perc
enta
ge o
f Com
pani
es
GTI 2013GTI 2012GTI 2011
GTI 2013GTI 2012GTI 2011
Process disclosed
Criteria disclosed
0%
10%
20%
30%
40%Pe
rcen
tage
of C
ompa
nies
0%
1%
2%
7%
3%
6%
4%
5%
8%
9%
Director training Succession planning
Perc
enta
ge o
f Com
pani
es
GTI 2013GTI 2012GTI 2011
0%
10%
20%
70%
30%
60%
40%
50%
80%
90%
Exact disclosure
Disclosure in “bands”
Non - compliance
Perc
enta
ge o
f Com
pani
es
GTI 2013GTI 2012GTI 2011
Separate board-level risk committee
CEO / CFOcertification
0%
2%
12%
4%
10%
6%
8%
Perc
enta
ge o
f Com
pani
es
GTI 2013GTI 2012GTI 2011
Perc
enta
ge o
f Com
pani
es
Weblink provided in annual report / SGX Net
Web has IR link0%
10%
20%
70%
30%
60%
40%
50%
80%
90%
100%
GTI 2013GTI 2012GTI 2011
Perc
enta
ge o
f Com
pani
es
Website has latest financial results
Website has latest annual report
0%
10%
20%
70%
30%
60%
40%
50%
80%
90%
100%
GTI 2013GTI 2012GTI 2011
Detailed information of the voting results
0%
20%
40%
100%
60%
80%
Detailed information on each item in the AGM agenda
GTI 2013GTI 2012GTI 2011
Perc
enta
ge o
f Com
pani
es
> 27 days14 - 27 days0%
20%
40%
100%
60%
80%
GTI 2013GTI 2012GTI 2011Pe
rcen
tage
of C
ompa
nies
GTI 2013No. of
Companies
GTI 2013% of
Companies
GTI 2012No. of
Companies
GTI 2012% of
Companies
GTI 2011No. of
Companies
GTI 2011% of
Companies
NUMBER / PERCENTAGE OF COMPANIESINDUSTRY*
Commerce
Construction
Finance
Hotels/Restaurants
Manufacturing
87
35
26
14
259
16
37
136
32
20
664
13%
5%
4%
2%
39%
2%
6%
20%
5%
3%
100%
95
30
25
16
274
16
38
130
41
9
674
14%
5%
4%
2%
41%
2%
6%
19%
6%
1%
100%
98
27
26
15
273
18
34
123
38
8
660
15%
4%
4%
2%
41%
3%
5%
19%
6%
1%
100%
Multi-Industry
Properties
Services
Transport, StorageAnd Communications
Others**
Total
* Sector classification from SGX. More details can be found on http://sgx.com/wps/portal/sgxweb/home/companydisclosure/stock_indiceslist** Others: Sectors include Agriculture, Electricity/Gas/Water and Mining/Quarrying