NTUC Income AR 2017

CORPORATE GOVERNANCE Board Meetings and Attendance The Board conducts five scheduled meetings a year and additional meetings are held when deemed necessary. At these meetings, the Board reviews the Co-operative’s financial performance, corporate strategy, business plan, strategic operational issues, as well as, major issues and challenges that the Co-operative may face in the future. In 2017, a full day retreat was held for management to engage the Board on a strategic review of Income’s key plans and initiatives for 2018. During the course of the year, Board approvals were also obtained through resolutions approved by circulation. The directors attend the Annual General Meeting (AGM), Board meetings and meetings of the Board Committees on which they serve. Meeting papers, reports and information necessary for the understanding of the matters to be reviewed during the meetings are disseminated in a timely manner, in advance of meetings. Directors’ Attendance at Board and Board Committee Meetings in 2017 Name of Director Board Audit Committee (AC) Investment Committee (IC) No. of meetings Held @ Attended No. of meetings Held @ Attended No. of meetings Held @ Attended Stephen Lee 6 6 – – – – Kee Teck Koon 6 6 – – 4 3 Sung Cheng Chih 6 6 – – – – Richard Shermon 6 6 4 4 – – Heng Chee How 6 5 – – – – Choong Tuck Oon 6 6 – – 2 2 Lau Wing Tat 6 6 – – 4 4 Pang Wai Yin 5 5 4 4 – – Joy Tan 4 3 – – – – Sim Hwee Hoon 3 3 2 2 – – Audrey Chin (1) 3 3 – – 2 2 Philip Eng (1) 3 2 2 2 – – Kevin Scully (2) 3 3 2 2 2 2 Name of Director Risk Management Committee (RMC) Nominating Committee (NC) # Human Resource & Remuneration Committee (HRRC) No. of meetings Held @ Attended No. of meetings Held @ Attended No. of meetings Held @ Attended Stephen Lee – – – – – – Kee Teck Koon – – 5 5 5 5 Sung Cheng Chih 4 4 5 5 5 5 Richard Shermon 4 4 – – – – Heng Chee How 4 4 – – – – Choong Tuck Oon 4 4 – – – – Lau Wing Tat – – 5 5 5 5 Pang Wai Yin 4 4 – – – – Joy Tan 3 2 3 3 3 3 Sim Hwee Hoon – – 3 3 3 3 Audrey Chin (1) – – 2 2 2 2 Philip Eng (1) – – – – – – Kevin Scully (2) – – – – – – @ Number of meetings held during the period the director was a member of the Board and/or Board Committee # Additional approvals from NC were obtained via circulation (1) Retired from the Board on 26 May 2017 (2) Resigned from the Board on 29 May 2017 ANNUAL REPORT 2017 EVERY DAY MADE DIFFERENT 17