CORPORATE GOVERNANCE in 2024, is disclosed in the table below. Directors who were unable to attend any meetings of the Board or the Committees, were provided with the meeting materials and encouraged to raise discussion points or queries with the Board Chairman or respective Committee chairman or Management. Nonetheless, the Board is of the view that the contribution of each Director should not be focused solely on his/her attendance at meetings of the Board and/ or the Committees. A Director’s contribution should also extend beyond the confines of the formal environment of such meetings, through the sharing of views, advice, experience and strategic networks which would further the interests of the Company. The Directors, whether individually or collectively, also engage with Management, heads of the Group’s business units and departments and the Group’s external consultants in order to better understand the challenges faced by the Group and the input of the Directors, through such engagements, provide invaluable perspective to Management. Directors’ Attendance (including via electronic means) at the AGM, and Meetings of the Board, the Committees and the NEDs in 2024 (Provision 1.5) Board ARC NC RC BSC NEDs AGM Number of meetings held in 2024 5 6 4 2 2 1 Name of Directors in 2024 Number of meetings attended in 2024 Kwek Leng Beng(1) 5/5 N.A. 4/4 N.A. N.A. N.A. √ Sherman Kwek (1) 5/5 N.A. 1/1(6) 2/2(6) 2/2 N.A. √ Philip Lee (1) 5/5 6/6 4/4 2/2 N.A. 1/1 √ Philip Yeo 5/5 N.A. 3/3(6) N.A. N.A. 0/1 x(1) Colin Ong (1) 5/5 N.A. 4/4 2/2 N.A. 1/1 √ Daniel Desbaillets 5/5 N.A. 1/1(6) 2/2 2/2 1/1 √ Chong Yoon Chou 5/5 6/6 4/4 N.A. 2/2 1/1 √ Chan Swee Liang Carolina(1) 5/5 6/6 1/1(6) 2/2 1/1(4) 1/1 √ Tang Ai Ai Mrs Wong Ai Ai 5/5 N.A. 2/4(2) N.A.(3) 2/2 1/1 √ Tan Kian Seng(5) 5/5 6/6 1/1(6) N.A. 1/1(4) 1/1 √ Notes: (1) Most Directors, including Mr Kwek Leng Beng (the Chairman of the Board), Mr Philip Lee (the chairman of the ARC), Mr Colin Ong (then chairman of the NC), Mrs Carol Fong (then chairman of the RC) and Mr Sherman Kwek (Group CEO, then chairman of the BSC), were in attendance at the AGM in 2024 together with other members of the ExCo and the Company’s external auditors. Only Mr Philip Yeo was unable to attend the 2024 AGM due to medical reasons. The AGM was held in-person and via electronic means. (2) Mrs Wong Ai Ai was unable to attend two NC Meetings due to prior travel arrangements. (3) Mrs Wong Ai Ai was appointed as chairman of the RC on 15 July 2024 and no RC meetings were held in 2024 subsequent to her appointment. (4) Mrs Carol Fong and Mr Tan Kian Seng were appointed as chairman and a member of the BSC respectively on 15 July 2024. 5) Mr Tan Kian Seng resigned as a Director and his last day with the Company was on 31 December 2024. (6) Directors who are not members of the respective Committees were invited to attend some Committee Meetings. Directors’ Multiple Board Representations and Time Commitments (Provision 1.5) When proposing the re-election of Directors, the NC (currently, the NRC) also considers the competing time commitments faced by Directors with multiple listed company board representations and/or other principal commitments. An analysis of the directorships (which includes directorships by groups and executive appointments) held by the Directors is reviewed annually by the NC (currently, the NRC). Each Director is also required to confirm annually to the NC (currently. the NRC) as to whether he/she has any issue with competing time commitments which may impact his/her ability to provide sufficient time and attention to his/her duties as a Director of the Company. Based on the analysis, the Directors’ annual confirmation and the Directors’ commitments and contributions to the Company, which are also evident in their level of attendance and participation at Committee and IDs’ meetings, the NC (currently, the NRC) is satisfied that all Directors are able to carry out and have been adequately carrying out their duties as a Director of the Company. The NC (currently, the NRC) noted that including the directorship held in the Company, the number of listed company board representations currently held by each of the Directors ranged from one to four in number (including the Company) and those held by Mr Kwek Leng Beng are on the boards of the related companies of the Company. During the year, the NC (currently, the NRC) had recommended that the maximum number of listed company board representations which each Director of the Company may hold be set as follows, to provide a guide to address potential competing time commitments CORPORATE GOVERNANCE REPORT CITY DEVELOPMENTS LIMITED 6
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