40
GRAND BANKS YACHTS LIMITED
ANNUAL REPORT
2016
CORPORATE GOVERNANCE REPORT
Use of Proceeds
(Listing Manual Rule 1207(20))
Not applicable
Table A
Board comprises:
Heine Askaer-Jensen (Chairman, Independent)
Basil Chan (Independent)
Gerard Lim Ewe Keng (Non-executive, Non-independent)
Mark Jonathon Richards (Executive)
Gary James Weisman (Independent)
Nominating Committee comprises:
Basil Chan (Chairman, Independent)
Heine Askaer-Jensen (Independent)
Gerard Lim Ewe Keng (Non-executive, Non-independent)
Remuneration Committee comprises:
Heine Askaer-Jensen (Chairman, Independent)
Basil Chan (Independent)
Gerard Lim Ewe Keng (Non-executive, Non-independent)
Risk Management and Audit Committee comprises:
Basil Chan (Chairman, Independent)
Heine Askaer-Jensen (Independent)
Gerard Lim Ewe Keng (Non-executive, Non-independent)
Gary James Weisman (Independent)
Table B
Name of Director
Board of Directors
Meetings
RMAC
Meetings
Remuneration
Committee Meetings
Nominating
Committee Meetings
No.
held
No.
attended*
No.
held
No.
attended*
No.
held
No.
attended*
No.
held
No.
attended*
Heine Askaer-Jensen
5
5/5
4
4/4
2
2/2
1
1/1
Basil Chan
5
5/5
4
4/4
2
2/2
1
1/1
Gerard Lim Ewe Keng**
5
4/5
4
3/4
2
1/1
1
0/0
Mark Jonathon Richards
5
5/5
NA
NA
NA
NA
NA
NA
Gary James Weisman***
5
3/3
4
2/2
NA
NA
NA
NA
NA – Not applicable as he is not a member of the Committee.
*
– The numerator denotes the number of meetings the director attended while the denominator denotes the number of meetings he could have
attended. For example, 5/5 means the director attended five meetings out of five meetings he could have attended i.e. 100% attendance.
**
– Appointed to Remuneration Committee and Nominating Committee on 28 October 2015, therefore did not attend meetings prior to 28
October 2015.
*** – Elected on 28 October 2015, therefore did not attend meetings prior to 28 October 2015.
