Corporate Governance
Sembcorp Marine believes that high standards of corporate governance are essential in sustaining the Group’s businesses and performance.
Committed to this belief, we place a strong emphasis on the professionalism, integrity and commitment of our people and put in place a sound system of policies, practices and internal controls across the Group.
Going forward, we will continually review the Group’s corporate governance principles, framework and practices to ensure that they remain relevant.
Code of Corporate Governance
Sembcorp Marine adopts corporate governance practices which are in conformity with the Code of Corporate Governance 2005 issued by the Singapore Exchange Securities Trading Limited. Click here for the report which describes the Group’s corporate governance practices with specific reference to the Code.
Awards
Sembcorp Marine continues to be recognised for its good corporate governance and transparency practices. Click here to view the awards and accolades received by the Group.
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
Tan Sri Mohd Hassan Marican, Independent Member
Executive Resource & Compensation Committee
Mr Goh Geok Ling, Non-Independent Member (Chairman)
Mr Tang Kin Fei, Non-Independent Member
Mr Ajaib Haridass, Independent Member
Nominating Committee
Mr Ajaib Haridass, Independent Member (Chairman)
Mr Goh Geok Ling, Non-Independent Member
Mr Tang Kin Fei, Non-Independent Member
Board Risk Committee
Mr Ajaib Haridass, Independent Member (Chairman)
Mr Tang Kin Fei, Non-Independent Member
Mr Ron Foo Siang Guan, Independent Member
Special Committee
Mr Ron Foo Siang Guan, Independent Member (Chairman)
Mr Ajaib Haridass, Independent Member
Mr Tang Kin Fei, Non-Independent Member
Mr Koh Chiap Khiong, Non-Independent Member
Executive Committee
Mr Goh Geok Ling, Non-Independent Member (Chairman)
Mr Tang Kin Fei, Non-Independent Member
Mr Ajaib Haridass, Independent Member
Mr Wong Weng Sun, Non-Independent Member
Enterprise Risk Management
Sembcorp Marine adopts an integrated enterprise risk management (ERM) framework which comprises systems of internal controls and risk management policies, guidelines, procedures, processes and limits. The framework is regularly reviewed, updated and improved to ensure that it remains capable of identifying, assessing and managing key risks faced by the Group as it continues to seek sustainable growth in today’s volatile business environment.
The Board Risk Committee is delegated by the Board of Directors to institute risk governance in the Group. It is supported by the Enterprise Risk Management Committee and other sub-committees to look into and address significant risks of the Group.
For more information on the Group’s ERM framework and the key risks faced by the Group, please click here.
Investor Relations
The Group adopts a pro-active approach in reaching out to investors and shareholders, and ensuring regular, fair and timely communication at all times. Sembcorp Marine is also committed to fostering long-term relationships with the investment community while upholding high corporate transparency standards.
To achieve these objectives, multiple communication platforms are utilised. These include group briefings with analysts, media and investors, one-on-one meetings with shareholders and potential shareholders, investor conferences and roadshows, the Group’s corporate website as well as company visits and shipyard tours.
For more information on the Group’s investor relations practices, please click here.
