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CORPORATE
GOVERNANCE
DISCLOSURE GUIDE – Code of Corporate Governance 2012
Guideline Questions How has the Company complied?
General
(a) Has the Company complied with all the StarHub has complied, in all material aspects, with the principles
Guideline principles and guidelines of the Code? If and guidelines of the Code of Corporate Governance (Code) issued
1.5 not, please state the specific deviations by the Monetary Authority of Singapore on 2 May 2012.
and the alternative corporate governance
Guideline practices adopted by the Company in lieu
2.6 of the recommendations in the Code.
(b) In what respect do these alternative Please see above.
corporate governance practices achieve
the objectives of the principles and
conform to the guidelines in the Code?
BOARD RESPONSIBILITY
What are the types of material transactions The Board has established a framework on authorisation and
which require approval from the Board? approval limits for capital and operating expenditure, and
specified transactions including acquisitions and disposals of
investments, procurement of goods and services, bank facilities
and cheque signatories. Within this framework, the Board has set
relevant authority and approval sub-limits for delegation to various
Management levels to optimise operational efficiency. Board
approval is required for all material transactions.
MEMBERS OF THE BOARD
(a) What is the Board’s policy with regard to The Board recognises the importance and value of diversity. It
diversity in identifying director nominees? constantly seeks to maintain an appropriate mix of expertise,
experience (both local and international), knowledge, gender,
culture and geography in its composition. With Board diversity,
each Director is able to bring in his or her unique contribution to
the development of the overall strategy of the Group by way of
alternative perspectives and fresh challenges at discussions.
(b) Please state whether the current The Board consists of Directors who possess a broad range of core
composition of the Board provides diversity competencies and experience in banking, accounting and finance,
on each of the following – skills, experience, legal, regulatory, technical, business and industry knowledge,
gender and knowledge of the Company, management and strategic planning experience and customer-
and elaborate with numerical data where based experience and knowledge. The individual profile of the
appropriate. Directors can be found in the ‘Board of Directors’ section of the
Annual Report.
(c) What steps has the Board taken to achieve In identifying and considering each director nominee, the
the balance and diversity necessary to Nominating Committee (NC) takes into account several factors,
maximise its effectiveness? including the composition, diversity and progressive renewal of
the Board, each director nominee’s competencies, commitment,
contribution and performance (including attendance, preparedness,
participation and candour) and potential conflicts of interest. This is
to ensure that an appropriate balance of skills, experience, expertise
and diversity is maintained on the Board, enabling the Board to
stay engaged and agile in meeting the needs of the Group. External
consultants are engaged to assist with Board renewal and selection
process as necessary.
