• About Us
• Vision & Core Values
• Corporate Structure
• Corporate Milestones
• Corporate Governance
• Board of Directors
• Senior Management

---

Corporate Governance

At Sembcorp Marine, we are committed to meeting high standards of corporate governance and transparency. Our corporate goverance principles reflect our strong belief in protecting and enhancing shareholder value in a sustainable way.

We firmly believe that the professionalism, integrity and commitment of our board members and employees, supported by a sound system of policies, practices and internal controls, are the cornerstones that will enable us to preserve long-term value and returns for our shareholders.

Code of Corporate Governance

In upholding high standards of corporate governance and transparency, Sembcorp Marine endorses the following principles of the Code of Corporate Governance issued by the Singapore Exchange Securities Trading Pte Ltd (for more details, click here):

• Effective Board to lead and effect controls
• Strong and Independent Board exercising objective judgement
• Clear separation of roles and responsibilities between Chairman and Chief Executive Officer
• Formal appointment and re-election of Directors
• Active participation and valuable contributions are key to overall effectiveness of the Board
• Directors have full access to complete, adequate and timely information/resources
• Remuneration of Directors adequate and not excessive
• Competitive reward system to ensure highest performance and retention of best talents and key executives
• Disclosure on remuneration policy
• The Board is accountable to shareholders
• Enterprise Risk Management
• Independent internal audit function
• Regular, effective and equal treatement of shareholders
• Greater shareholder participation at General Meetings
• Whistle-blowing policy

---

Board Committees

Sembcorp Marine has six Board Committees which assist in the discharge of the Board's responsibilities:

Audit Committee

Mr Lim Ah Doo, Independent Member (Chairman)
Mr Ron Foo Siang Guan, Independent Member
Mr Richard Edward Hale, Non-Independent Member

Executive Resource & Compensation Committee

Mr Goh Geok Ling, Non-Independent Member (Chairman)
Mr Tan Pheng Hock, Independent Member
Mr Tang Kin Fei, Non-Independent Member

Nominating Committee

Mr Tan Pheng Hock, Independent Member (Chairman)
Mr Goh Geok Ling, Non-Independent Member
Mr Tang Kin Fei, Non-Independent Member

Risk Committee

Mr Ajaib Haridass, Independent Member (Chairman)
Mr Tang Kin Fei, Non-Independent Member
Mr Ron Foo Siang Guan, Independent Member
Mr Richard Edward Hale, Non-Independent Member

Special Committee

  

Executive Committee

Risk Management 

The Group reviewed its top risk profile to address the tumultuous market conditions in the past year. Accordingly, risk priorities were changed in response to developments that had happened, or were still unraveling, on various fronts (for more details, click here):

• External Environmental Risks
• Project Management Risks
• Financial Risks
• Health, Safety, Security and Environmental Risks
• Human Resource Risks
• Investment Risks

---