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19 18 Best World International Limited
Annual Report 2011
Best World International Limited
Annual Report 2011
CORPORATE
INFORMATION
CORPORATE
GOVERNANCE
Board of Directors
Dr Doreen Tan Nee Moi
Dr Dora Hoan Beng Mui
Mr Huang Ban Chin
Mr Lee Sen Choon
Mr Robson Lee Teck Leng
Mr Ravindran Ramasamy
Audit Committee
Chairman
Mr Lee Sen Choon
Members
Mr Robson Lee Teck Leng
Mr Ravindran Ramasamy
Nominating Committee
Chairman
Mr Ravindran Ramasamy
Members
Dr Dora Hoan Beng Mui
Mr Lee Sen Choon
Mr Robson Lee Teck Leng
Remuneration Committee
Chairman
Mr Robson Lee Teck Leng
Members
Mr Lee Sen Choon
Mr Ravindran Ramasamy
Company Secretaries
Ms Chan Wan Mei, ACIS
Ms Low Siew Tian, ACIS
Registered Offce & Business Address
26 Tai Seng Street #05-01
Singapore 534057
www.bestworld.com.sg
info@bestworld.com.sg
Share Registrar & Share Transfer Offce
Tricor Barbinder Share Registration Services
(A division of Tricor Singapore Pte. Ltd.)
80 Robinson Road #02-00, Singapore 068898
Auditors
RSM Chio Lim LLP
Public Accountants and
Certifed Public Accountants
8 Wilkie Road, #03-08
Wilkie Edge
Singapore 228095
Audit Partner-in-charge
Ms Woo E-Sah
(since fnancial year ended
31 December 2007)
Principal Bankers
The Hong Kong and Shanghai
Banking Corporation Limited
21 Collyer Quay, #14-01
HSBC Building
Singapore 049320
United Overseas Bank Ltd
80 Raffes Place
UOB Plaza 1
Singapore 049513
Investor Relations
Financial PR Pte Ltd
4 Robinson Road, #04-01
The House of Eden
Singapore 048543
Tel: (65) 6438 2990
Fax: ( 65) 6438 0064
The Board and management of Best World frmly believes that good corporate governance is essential for the
long term sustainability of the Company’s business and performance. Best World is fully committed to maintain
its high standard of corporate governance to ensure greater transparency, accountability and protection of
shareholders’ interest.
This report describes the Company’s corporate governance processes and structures that were in place during
the fnancial year, with specifc reference made to the principles and guidelines of the Code of Corporate
Governance 2005 (“Code”). The Board is pleased to confrm that for the fnancial year ended 31 December 2011,
the Company has adhered to the principles and guidelines as set out in the Code.
BOARD MATTERS
The Board’s Conduct of Its Affairs
Principle 1: Every company should be headed by an effective Board to lead and control the company. The Board
is collectively responsible for the success of the company. The Board works with Management to achieve this
and the Management remains accountable to the Board.
The Board oversees the effectiveness of Management as well as the corporate governance of the Company
to the best interests of the shareholders. The Board has clear vision and sets high transparency disclosure
standards. It ensures that obligations to shareholders and stakeholders are understood and met. Each director
brings to the Board professional skills, experience, insights and sound judgment. Every member of the Board
is collectively responsible for the success of the Company, therefore, the Board works with the Management
to provide leadership and guidance and on corporate strategies and directions in relation to the Company’s
activities which are signifcant in nature.
The Board consists of six members, comprising three independent non-executive directors and three executive
directors. Together, the directors bring a wide range of business, legal and fnancial experience relevant to the
Group.
Dr Doreen Tan Nee Moi Chairman
Dr Dora Hoan Beng Mui Group Managing Director and Chief Executive Offcer
Mr Huang Ban Chin Chief Operating Offcer
Mr Robson Lee Teck Leng Independent Director
Mr Ravindran Ramasamy Independent Director
Mr Lee Sen Choon Independent Director
The full Board meets at least 4 times a year and additional meetings are convened as and when deemed
necessary. The Company’s Articles of Association provide for the Board to convene meetings via teleconferencing
and electronic means.