Page 104 - Annual Report 2014

With a view to enhance shareholder value and evolve StarHub StarHub’s Articles of Association allow Board meetings to be Overview
into a ‘telco of the future’, the SC supports, advises and provides held via audio and video conferencing to facilitate the Board’s
direction to the Group on the formulation, review and execution of decision-making process. Strategy
the Group’s strategies. The mandate for the SC includes:
The Board members’ meeting attendance during the financial Performance
• identifying and assessing significant intermediate and long- year ended 31 December 2014 are tabulated below: (Table 1)
term opportunities (in terms of new frontiers of organic and
inorganic growth) and threats in the Group’s business areas StarHub has a comprehensive formal induction programme for all
and operations (including technology, competition, regulatory newly-appointed Directors tailored specifically for the businesses
and financial) and the industry; and of the Group. Each newly-appointed Director is provided with a
formal letter setting out his duties and obligations as Director
• providing constructive input and recommendations to the and how to discharge those duties for StarHub. Management
Board on any strategic matter reviewed by the SC which gives each newly appointed Director a thorough briefing on the
requires the Board’s approval. Group’s business and governance practices including strategies,
financials, operations, governance practices, risk management
During the financial year ended 31 December 2014, the SC held policies and processes, culture and values, and the key
three meetings. developments in the Group and industry.

The composition of the other Board Committees and their To ensure that all Directors have relevant information and up-to- Governance
specific responsibilities are set out in subsequent relevant date working knowledge of the Group’s business and operations,
sections of this Report. each Director is issued with a tablet which enables him to access Financials
the StarHub Board Portal. The StarHub Board Portal is bespoke
Board Meetings to provide information in accordance with the guidelines and
For the financial year ended 31 December 2014, the Board held principles of the Code including:
a total of five meetings. Four of the meetings coincided with the
announcement of the Group’s quarterly and full year results. In • information on Directors’ duties and how to discharge
keeping with past practice, a full-day Board Strategy offsite was those duties;
held to review in depth the Group’s strategy going forward and to
consider and approve the Group’s budget for the next financial year. • the Group’s organisation structure;
• Senior Management’s contact details;
Throughout the financial year, as and when deemed necessary • the respective Board Committees’ terms of reference; and
by the Board, additional Board meetings may be convened. • StarHub’s insider trading policy.

Table 1 5 Board Meetings 4 AC Meetings Meeting Attendance (in %) 3 SC Meetings 2 RC Meetings
3 NC Meetings 4 ERCC Meetings
Name of Director 100 – 100 100
100 – –– – 100
Tan Guong Ching 100 100 –– –
Tan Tong Hai 100 – –– – –
Kua Hong Pak 100 100 –
Peter Seah Lim Huat 100 100 100
Nihal Vijaya Devadas 100 – –– – –
Kaviratne CBE 100 – 67 75 100
Sio Tat Hiang 100 –– 100
Steven Terrell Clontz 100 100 – 100 100 –
Lim Ming Seong 100 100 100 100 –
Teo Ek Tor 100 –– - –
Liu Chee Ming 100 – –– 100 –
Robert J. Sachs 100 – –– 100 –
Nasser Marafih – –– –
Takeshi Kazami – – –
–

StarHub Ltd | Annual Report 2014 101