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Corporate governanceThe Directors submit themselves for re-election at regular intervals of about once every three years. One-third of theDirectors retire at the Company’s Annual General Meeting each year. The years of initial appointment and re-election ofthe Directors are set out below:Directors Position Age Date of Initial Date of LastAppointmentRe-electionLim Chee Onn Non-executive Chairman 62 28 October 1983 29 April 2005(Director)1 January 1997(Chairman)Kevin Wong Kingcheung Managing Director 51 1 November 1993 28 April 2004(Executive Director)1 January 2000(Managing Director)Khor Poh Hwa Director 57 1 April 1998 28 April 2004Lim Ho Kee Director 61 8 November 2001 29 April 2005Tsui Kai Chong Director 51 8 November 2001 29 April 2005Lee Ai Ming Director 52 1 November 2002 28 April 2006Tan Yam Pin Director 66 1 June 2003 28 April 2004Niam Chiang Meng Director 49 1 June 2003 28 April 2004Heng Chiang Meng Director 61 1 March 2005 29 April 2005Edward Lee Director 60 1 July 2006 –Choo Chiau Beng Director 59 21 January 1985 28 April 2006Teo Soon Hoe Director 58 16 May 1991 28 April 2006The Committee assesses the appropriate mix of expertiseand experience needed for an effective Board andrecommends the candidates most suited for the positionstaking into account factors such as their track records,experience, age and capabilities. The candidates may beselected through contacts, recommendations as well assearch companies.Board PerformancePrinciple 5 : Formal assessment of the effectiveness of theBoard as a whole and the contribution by each DirectorThe Nominating Committee has implemented a process forevaluating the effectiveness of the Board as a whole and thecontribution by each individual Director to the effectivenessof the Board, and has also implemented objectiveperformance criteria for evaluation which allow comparisonwith industry peers. The performance evaluation alsoconsiders the Company’s share price performance over afive-year period vis-à-vis the Singapore Straits Times Indexand a benchmark index of its industry peers.The evaluation of the Board is done once a year by eachmember of the Nominating Committee and the process ismanaged by an Independent Co-ordinator. He will consolidatethe evaluation returns and present a report to the membersof the Committee for discussion. Thereafter, he will presentthe final report to the Board with the recommendations ofthe Committee.48Corporate governanceKeppel Land LimitedReport to Shareholders 2006