The Board and management believe that good corporate governance is key to the integrity of the Group and essential to the sustainability of the Group’s business and performance. The Company’s corporate governance practices, with specific reference to the principles and provisions set out in the Code of Corporate Governance issued by the Monetary Authority of Singapore dated August 6, 2018, as last amended on January 11, 2023, and the complementary practice guidance dated December 14, 2023, can be found in the “corporate governance” section of the Annual Report 2024, which is also made available on Yanlord’s website at http://www.yanlordland.com/corporate-governance/. Yanlord’s corporate governance structure is outlined on the right: BOARD OF DIRECTORS Total 7 Directors 4 Independent Non-Executive Directors (including Lead Independent Director) 3 Non-Independent Executive Directors Lead Independent Director Hee Theng Fong Key Objective Oversees the business affairs and dictates the strategic direction and management of the Company as well as ensures that obligations to the Shareholders and other stakeholders are met CHAIRMAN AND CEO Zhong Sheng Jian Key Objective Leads the Board to ensure its effectiveness on all aspects of its roles and provides close oversight, guidance and leadership to Management EXECUTIVE DEPUTY CHAIRMAN Zhong Ming Key Objective Oversees the execution of the Group’s overall strategies and its business operations and management AUDIT COMMITTEE RISK MANAGEMENT AND SUSTAINABILITY COMMITTEE NOMINATING COMMITTEE REMUNERATION COMMITTEE Chairman Teo Ser Luck 4 Independent Non-Executive Directors Key Objective Assists the Board in discharging its responsibilities on matters relating to financial, accounting, auditing and internal controls and ensures that Management establishes and maintains an effective control environment within the Group Chairman Chua Taik Him 2 Independent Non-Executive Directors 1 Non-Independent Executive Director Key Objective Assists the Board in ensuring the adequacy and effectiveness of risk management system of the Group as well as the appropriateness of the monitoring and management of sustainability matters including determining environmental, social and governance topics identified as material and relevant to the Group’s business and overseeing the Company’s approach to sustainability reporting Chairman Tan Chin Siong 3 Independent Non-Executive Directors 1 Non-Independent Executive Director Key Objective Reviews and recommends to the Board on directors’ appointments and re-appointments, renewal of the Board or various Board Committees, succession plans for directors, the Chairman and CEO and other key management personnel and training and professional development programmes for directors, and formulates objective performance criteria and process for assessment of the effectiveness of the Board and each Board Committee as well as contribution by the Chairman and each individual director to the Board, whilst ensuring an appropriate level of independence and adequate diversity on the Board Chairman Hee Theng Fong 4 Independent Non-Executive Directors Key Objective Reviews and recommends to the Board an appropriate framework of remuneration for the Board and key management personnel and specific remuneration package for each director and key management personnel that are proportionate to the sustained performance and value creation of the Group, whilst taking into account the strategic objectives of the Group RISK CONTROL AND MANAGEMENT DEPARTMENT EXTERNAL AUDITORS INTERNAL AUDIT DEPARTMENT GROUP STRATEGIC COMMITTEE Comprising 4 professional management sub-committees namely, Investment Management Committee, Operational Management Committee, Financial Management Committee and Remuneration Committee, each of which is made up of top executives of business and support units Key Objective Manages business operation activities and ensures adequacy and effectiveness of control procedures ESG MANAGEMENT COMMITTEE Head Zhang Hao Ning, Executive Vice President Members Made up of senior management personnel Key Objective Supports the Risk Management and Sustainability Committee in the aspect of sustainability, including formulating and supervising policies and implementing measures relating to sustainability issues as well as reviewing progress of sustainability plans and performance of sustainability targets ESG TASK FORCE Comprising cross functional team Key Objective Supports the formulation and execution of practices and initiatives, as well as coordinates the communication with stakeholders both internally and externally, on various environmental, social and governance workstreams Contents Introduction Approach to Sustainability Upholding Good Governance Caring for Our Customers Empowering Our People Preserving Our Planet Creating Shared Value for Our Society GRI Content Index 17 Yanlord Land Group Limited Sustainability Report 2024
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