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Corporate governanceThe Directors’ attendances at the meetings of the Board and Board Committees are as shown below:BoardBoard CommitteesBoard Committees Audit Nominating Remuneration Board RiskNo. of meetings held 5 5 4 4 4DirectorsNo. of Meetings AttendedLim Chee Onn 5Kevin Wong Kingcheung 5Khor Poh Hwa 4 3 4Lim Ho Kee 5 4 3 3Tsui Kai Chong 5 5 4 4Lee Ai Ming 5 5Tan Yam Pin 5 4Niam Chiang Meng 4 4 4Heng Chiang Meng 4 2** 4Edward Lee (Appointed on 1 July 2006) 2*Choo Chiau Beng 3Teo Soon Hoe 5* Attended all the Board meetings held after his appointment as member of the Board.** Attended all the Audit Committee meetings after his appointment as member of the Audit Committee.Upon appointment of each Director, a formal letter is issuedto the Director. Directors are given appropriate briefing whenthey are first appointed to the Board. They are updatedregularly on accounting and regulatory changes, and are alsogiven further appropriate training from time to time.In February 2006, three Directors, namely Professor TsuiKai Chong, Mrs Lee Ai Ming and Mr Heng Chiang Mengattended The Directors’ Consortium at the Chicago GraduateBusiness School. This was a programme jointly organised bythe University of Chicago Graduate School of Business andStanford Law School.Board Composition and GuidancePrinciple 2: Strong and independent element on the BoardPresently, there are 12 Directors, 11 of whom are nonexecutiveDirectors. Eight out of the 12 Board members areindependent Directors. The Board is of the view that its sizeis appropriate, taking into account the scope and nature ofthe operations of the Company.The independence of each Director is reviewed annually bythe Nominating Committee, based on the definition ofindependence as stated in the Code.Three out of four non-independent Directors (“non-ID”),namely Mr Lim Chee Onn, Mr Choo Chiau Beng and Mr TeoSoon Hoe are considered nominees of Keppel CorporationLimited, the major shareholder of the Company.As a Group, the Directors possess all the necessarycompetencies to lead and govern the Company effectively.The non-executive Directors actively participate in settingstrategy and goals for the Company and in regularlyassessing the performance of Management. Brief details ofthe Directors’ responsibilities and qualifications are set outon Pages 30 to 33.Chairman and Chief Executive OfficerPrinciple 3: Chairman and Chief Executive Officer to be twoseparate persons to ensure a clear division of responsibilitiesand balance of power and authority.46Corporate governanceKeppel Land LimitedReport to Shareholders 2006