ASEAN Corporate Governance Scorecard

Level 1 PRIMARY CGS SECTIONS
E.2.6

Does the company have a term limit of nine years or less for its independent directors/commissioners?

Response

YES.  In accordance with the Company's Board Charter, the  indepedent directors (ID) have a term limit of nine (9) years. The IDs can serve for the first five years with a cooling off period of two (2) years. He can then be re-elected for another four (4) years but will be perpetually barred for election.  

The incumbent independent directors have terms of less than nine years.

 

Reference: 

1. Website/Corporate Governance/Board Charter, Section 2 Item 4 – Term Limits for Independent Directors

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