Powering growth - Aztech Group Ltd - Investor Relations

C o r p o r a t e G o v e r n a n c ea z t e c h a n n u a l r e p o r t 2 0 0 921Corporate Governance ReportThe Board of Directors (“Board”) and Management of Aztech Group Ltd (“Aztech” and together with its group companies, the “Group”) strongly believethat a genuine commitment to good corporate governance is essential to preserve and enhance shareholder value.Aztech has adhered to the principles and guidelines of the Code of Corporate Governance 2005 (“Code”). Aztech’s corporate governance practices areset out in this report.Board MattersBoard’s Conduct of its AffairsThe Board oversees the business affairs of the Group. The Board takes responsibility for the Group’s overall strategic plans and key performanceobjectives, financial plans and annual budget, key investment proposals, financial performance review, internal control and accountability systems andcorporate governance practices.Board meetings are scheduled quarterly for the purpose of reviewing and approving the release of the Group’s financial results. Ad hoc Board meetingsare also held whenever the Board’s approval is required. In addition, the Board members regularly communicate via e-mail and telephone conference todiscuss matters arising including matters that are submitted to them for approval by way of circular resolutions.Dates of Board, Board Committee and Annual General meetings are scheduled in advance in consultation with Directors to assist Directors in planningtheir attendance. A Director who is unable to attend a Board meeting can still participate in the meeting via telephone conference, video conference orother means of similar communication as Aztech Articles of Association allow Board meetings to be conducted via such means. Decisions of the Boardand Board Committees may also be obtained via circular resolutions.A record of the Directors’ attendance at Board meetings and Board Committee meetings is set out below.Board ofDirectorsAuditCommitteeNominatingCommitteeRemunerationCommitteeNumber of Meetings Held 8 5 2 3Name of DirectorNumber of Meetings AttendedMichael Mun Hong Yew8 - 2 -(Executive Director)Patricia Ng Sok Cheng8 - - -(Executive Director)Colin Ng Teck Sim8 5 2 3(Independent Director)Philip Tan Tee Yong8 5 - 3(Independent Director)Khoo Ho Tong8 5 2 3(Independent Director)Martin Chia Heok Miin8 - - -(Executive Director)Jeremy Mun Weng Hung(Executive Director)8 - - -