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StarHub Ltd Annual Report 2015
Guideline Questions How has the Company complied? Overview
Guideline Please describe the board nomination process
4.6 for the Company in the last financial year for The NC leads on the process for the selection and appointment of Strategy
(i) selecting and appointing new directors and new directors and re-election of incumbent directors. It takes into
Guideline (ii) re-electing incumbent directors. consideration the composition, diversity and progressive renewal Performance
1.6 of the Board, each candidate’s competencies, commitment,
(a) Are new directors given formal training? If contribution and performance (including attendance, preparedness, Governance & Sustainability
Guideline not, please explain why. participation and candour) and potential conflicts of interest.
4.4 This is to ensure that an appropriate balance of skills, experience,
(b) What are the types of information and expertise and diversity is maintained on the Board, enabling the
training provided to (i) new directors and (ii) Board to stay engaged and agile in meeting the needs of the Group. Financials
existing directors to keep them up-to- date? External consultants are engaged to assist with Board renewal and
selection process as necessary. All new appointments to the Board
(a) What is the maximum number of listed are subject to the approval of StarHub’s regulators, namely the Info-
company board representations that the communications Development Authority of Singapore (IDA) and
Company has prescribed for its directors? the Media Development Authority of Singapore (MDA). Both IDA
What are the reasons for this number? and MDA will be merged to form the Info-communications Media
Development Authority (IMDA) in the second half of 2016.
(b) If a maximum number has not been
determined, what are the reasons? Yes
(c) What are the specific considerations in (i) StarHub has a comprehensive induction programme for all
deciding on the capacity of directors? newly-appointed Directors tailored specifically for the businesses
of the Group. Management conducts briefings for new Directors
to familiarise them with the Group’s business activities, strategic
directions, financials, policies and governance practices, as well
as StarHub’s corporate culture and the key developments in the
Group and industry. The induction program includes meetings
with the CEO and Senior Management.
(ii) Existing Directors are regularly provided with updates on key
legal, regulatory, industry and accounting developments which
affect the Group. The updates may be by way of (a) briefings at
Board meetings or email, and (b) articles and reports (including
industry news and analyst reports) relevant to the Group’s
businesses, regularly circulated to the Directors and uploaded
on the StarHub Board Portal for their reference. Directors are
also encouraged to attend external seminars and trainings
(including those conducted by the Singapore Institute of
Directors, SGX-ST and StarHub’s panel of law firms).
StarHub has not prescribed a maximum number of listed company
board representations that a Director may hold.
The NC is responsible for determining whether each Director is
able to adequately devote sufficient time to discharging their
responsibilities to the Company. The NC is of the view that the duties
of all Directors have been fully discharged based on the time and
attention devoted by each Director, their individual abilities and
their respective individual contribution of skills, knowledge and
experience and their commitment to the affairs of StarHub. The
table of attendance can be found in the Corporate Governance
Report.
The specific considerations are as set out in (b) above.
