Full Annual Report 2006 - Singapore Technologies Engineering

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THE WINNING SPIRIT ST Engineering AR 2006 22 Board of Directors The names of the directors holding office at the date of this report are set out below together with details of their academic and professional qualifications, age, date of first appointment as director, date of last re-election as director as well as directorships in listed companies. Mr Peter SEAH Lim Huat, Chairman Mr Peter Seah Lim Huat, 60, was appointed non executive Chairman on 15 April 2002 and was last re-elected on 31 March 2006. He is currently a member of the Temasek Holdings Advisory Panel. Mr Seah was a banker for 33 years before retiring as Vice Chairman and CEO of the former Overseas Union Bank in 2001 and joining Singapore Technologies Pte Ltd as President and CEO. He held this position until 31 December 2004. Mr Seah is the Chairman of SembCorp Industries Limited* and Singapore Computer Systems Limited*. He also sits on the Boards of CapitaLand Limited*, Chartered Semiconductor Manufacturing Ltd # , STATS ChipPAC Ltd # and StarHub Ltd*. Mr Seah is also President Commissioner of PT Indosat Tbk, PT Bank Internasional Indonesia Tbk and Deputy Chairman of Global Crossing Limited and ST Telemedia Pte Ltd. His other appointments include being a member of the Board of Siam Commercial Bank Public Company Limited and the Government of Singapore Investment Corporation. He serves as a member of the Institute of Defence and Strategic Studies, Defence Science Technology Agency (DSTA), Singapore Chinese Chamber of Commerce and Industry and Singapore Business Federation Council. Mr Seah was awarded the Public Service Star (Bintang Bakti Masyarakat) in 1999 and made a Justice of the Peace in 2003. He graduated from the former University of Singapore (NUS) in 1968 with an Honours degree in Business Administration. Mr TAN Pheng Hock Mr Tan Pheng Hock, 49, is the President and CEO of ST Engineering and an executive Director. He was appointed Director on 1 May 2001 and was last re-elected on 31 March 2005. Mr Tan sits on the Board of SembCorp Marine Ltd* and Neptune Orient Lines Limited*. He is Chairman of the Nanyang Polytechnic Board of Governors and Deputy Chairman of the Singapore Workforce Development Authority. Mr Tan began his career with the Group as an engineer in ST Marine in 1981. He was previously Executive Vice President of ST Marine, President of ST Kinetics, President and Chief Operating Officer of ST Engineering and ST Engineering Group President. Mr Tan holds a Bachelor of Science (First Class Honours) in Marine Engineering from the University of Surrey, UK and a Master of Science in Management from Stanford University, USA. Mr KOH Beng Seng Mr Koh Beng Seng, 56, is the CEO of Octagon Advisers Pte Ltd. He was appointed an independent non executive Director on 15 September 2003 and will be due for re-election at this coming AGM under Article 98 of the Company’s Articles of Association. Mr Koh was Deputy President of United Overseas Bank Ltd (UOB) until 31 January 2005. Prior to UOB, Mr Koh was Senior Advisor to Asia Pulp & Paper Co Ltd and Advisor to Bank of China and the International Monetary Fund. Mr Koh has extensive experience in the financial services sector. He was with the Monetary Authority of Singapore from 1973 to 1998, where he served as Deputy Managing Director from 1988 to 1998. Mr Koh is a Director of Bank of China (Hong Kong) Limited^, Fraser & Neave Ltd* and Sing-Han International Financial Services Limited. Mr Koh holds a Bachelor of Commerce (First Class Honours) from the former Nanyang University, Singapore, and a Master of Business Administration from Columbia University, USA.
23 PAST DIRECTORSHIPS IN THE LAST THREE YEARS Mr Peter SEAH Lim Huat • Civil Aviation Authority of Singapore • Board of Commissioners of Currency Singapore • AF (Indonesia) Pte Ltd • EDBV Management Pte Ltd • EDB Ventures 2 Pte Ltd • EDB Ventures Pte Ltd • PSA International Pte Ltd • Singapore Technologies Pte Ltd • Singapore Technologies Semiconductors Pte Ltd Lieutenant-General NG Yat Chung LG Ng Yat Chung, 45, is the Chief of the Defence Force 1 . He was appointed a non executive Director on 15 June 2003 and will retire at this coming AGM. He joined the Singapore Armed Forces (SAF) in 1979 and was awarded the SAF Overseas Scholarship in 1980. In the course of his military career, he has held various key command and staff positions in the Ministry of Defence (MINDEF). LG Ng is the Deputy Chairman of SRCC Pte Ltd. He is also a member of the Board of Trustees of the National University of Singapore and a Director of DSTA. LG Ng holds a Bachelor of Arts (Honours) in Engineering Tripos and a Master of Arts (Mathematics) from the University of Cambridge, UK, as well as a Master of Business Administration from Stanford University, USA. Dr TAN Kim Siew Dr Tan Kim Siew, 52, is Permanent Secretary (Defence Development), MINDEF. He was appointed a non executive Director on 15 December 2003 and will be due for re-election at this coming AGM under Article 98 of the Company’s Articles of Association. Prior to his present appointment with MINDEF, he was the Deputy Secretary (Policy) with the Ministry of Finance. He was formerly the CEO and Chief Planner of the Urban Redevelopment Authority (URA) from 1996 to 2001. Dr Tan is the Chairman of DSTA and also a Director of Singapore Technologies Holdings Pte Ltd. Dr Tan holds a Bachelor of Arts in Engineering Tripos and a PhD in Engineering from the University of Cambridge, UK. Professor LUI Pao Chuen Prof Lui Pao Chuen, 64, is the Chief Defence Scientist in MINDEF. He was appointed a non executive Director on 1 October 1997 and was last re-elected on 31 March 2006. Prof Lui sits on the management boards of various scientific and research institutes. He is an Adjunct Professor in the Engineering Faculty of NUS. He is also the Chairman of SembCorp Design and Construction Pte Ltd, a subsidiary of SembCorp Industries Ltd, and Chairman of the Management Boards of Temasek Defence Systems Institute, NUS, and Temasek Laboratories, NUS and NTU. Prof Lui graduated from the former University of Singapore with a Bachelor of Science (Honours) in Physics and obtained a Master of Science degree in Operations Research & Systems Analysis from the Naval Postgraduate School, USA. Mr TAN Pheng Hock • TranSys Pte Ltd • ST Training & Simulation Pte Ltd • Unicorn International Pte Limited Mr KOH Beng Seng • Chartered Semiconductor Manufacturing Ltd • STATS ChipPAC Ltd. • Far Eastern Bank Limited • Industrial & Commercial Bank Limited • Overseas Union Bank Limited • United Overseas Bank Limited • United Overseas Bank (Canada) Lieutenant-General NG Yat Chung • Singapore Technologies Kinetics Ltd • Trade Development Board • Public Utilities Board Dr TAN Kim Siew • HDB Corporation Pte Ltd • Keppel Offshore & Marine Ltd Professor LUI Pao Chuen • SembCorp Engineers and Constructors Pte Ltd 1 until 23 March 2007
Page 1 and 2: THE WINNING SPIRIT ANNUAL REPORT 20
Page 3 and 4: 1 The winning spirit entails more t
Page 5 and 6: 11 Peter SEAH Lim Huat Chairman (le
Page 7 and 8: 13 In 2007, we will continue to gro
Page 10 and 11: THE WINNING SPIRIT ST Engineering A
Page 26 and 27: 33 Corporate Governance Board’s C
Page 28 and 29: 35 Corporate Governance BOARD COMPO
Page 30 and 31: 37 Corporate Governance The ERCC me
Page 32 and 33: 39 Corporate Governance Remuneratio
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Page 36 and 37: 43 Corporate Governance COMPLIANCE
Page 38 and 39: 45 Environment, Health and Safety A
Page 40 and 41: 47 Investor Relations ST ENGINEERIN
Page 42 and 43: 49 Share Price Performance ST ENGIN
Page 48 and 49: 57 Operating Financial Review GROUP
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Page 54 and 55: LAND SYSTEMS SECTOR MARINE SECTOR C
Page 56 and 57: 67 Aerospace FLYING HIGH WITH TOTAL
Page 58 and 59: 69 Aerospace Full Year Performance
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THE WINNING SPIRIT ST Engineering A
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91 Directors’ Report AS AT 31 DEC
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101 Directors’ Report AS AT 31 DE
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103 Statement by Directors We, Pete
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105 Balance Sheets AS AT 31 DECEMBE
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107 Statements of Changes in Equity
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109 Consolidated Statement of Cash
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111 Consolidated Statement of Cash
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197 SGX Listing Manual Requirements
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199 Shareholding Statistics AS AT 5
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201 SECTORAL FINANCIAL REVIEW - AER
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203 SECTORAL FINANCIAL REVIEW - AER
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205 SECTORAL FINANCIAL REVIEW - ELE
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211 SECTORAL FINANCIAL REVIEW - LAN
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213 SECTORAL FINANCIAL REVIEW - LAN
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215 SECTORAL FINANCIAL REVIEW - MAR
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221 Group Structure - Singapore Tec
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223 Group Structure - Singapore Tec
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225 CORPORATE INFORMATION BOARD OF
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SINGAPORE TECHNOLOGIES ENGINEERING
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Full Annual Report 2006 - Singapore Technologies Engineering

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