CORPORATE GOVERNANCE STATEMENT
Yanlord Land Group Limited (“Company” and its group of companies, “Group”) is committed to complying with the Code
of Corporate Governance 2012 (“Code”) so as to safeguard the interests of the shareholders (“Shareholders”). This statement
outlines the Company’s corporate governance processes and activities that were in place during the financial year.
BOARD MATTERS
PRINCIPLE 1: BOARD’S CONDUCT OF AFFAIRS
Disclosure Guide (“DG”): Guideline 1.5
DG: Guideline 1.6
The principal functions of the board of directors of the Company (“Board”) include, among others, supervising the overall
management and performance of the business and affairs of the Group and approving the Group’s corporate and strategic
policies and direction. Recognising the need for balance between the commercial needs of our customers and environmental
preservation, the Group continues to introduce environmental initiatives through developing eco-friendly developments
as and when appropriate. The Group’s social responsibilities further extend to include donations to certain non-profit
organisations.
Matters which are specifically reserved for the Board’s approval include, among others, significant corporate matters, major
undertakings and all matters and transactions listed in the SGX’s Listing Manual (“Listing Manual”) that require Board’s
approval. The Board dictates the strategic direction and management of the Company through quarterly reviews of the
financial performance of the Group. To facilitate effective management, certain functions of the Board have been delegated
to various Board’s committees namely, the Audit Committee (“AC”), the Nominating Committee (“NC”), the Remuneration
Committee (“RC”) and the Risk Management Committee (“RMC”) (collectively, “Board Committees”).
The Company’s Memorandum and Articles of Association (“Constitution”) are sufficiently flexible to allow a director to
participate at a meeting via telephone, video conference or by means of similar communication equipment. In the course
of the financial year under review, the details of the number of meetings held and attended by each of the members of the
Board and Board Committees are set out below:
Board Meeting
AC Meeting
NC Meeting
RC Meeting
RMC Meeting
Director
Held* Attendance Held* Attendance Held* Attendance Held* Attendance Held* Attendance
Zhong Sheng Jian
4
4
–
–
1
1
–
–
1
1
Zhong Siliang
4
4
–
–
–
–
–
–
–
–
Chan Yiu Ling
4
4
–
–
–
–
–
–
–
–
Hong Zhi Hua
4
3
–
–
–
–
–
–
–
–
Ronald Seah Lim
Siang
4
4
4
4
1
1
1
1
–
–
Ng Ser Miang
4
4
–
–
1
1
–
–
1
1
Ng Shin Ein
4
4
4
4
–
–
1
1
1
1
Ng Jui Ping
4
4
4
4
–
–
1
1
1
1
Notes:
*
Reflects the number of meetings held during the time that the director held office.
– Indicates that the director was not a member of that committee during the year.
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