My first Publication ocbc_ar17_fullreport_english | Page 67

subsidiaries, as well as the remuneration
of senior executives and Directors. In
addition, the Remuneration Committee
administers the various employee share
ownership schemes. In its deliberations,
the Remuneration Committee takes into
account remuneration principles, practices
and standards that may be specified by
MAS from time to time.
• Risk Management Committee
The Risk Management Committee,
which supports the Board in performing
its risk oversight responsibilities,
comprises Mr Lai Teck Poh (Chairman),
Mr Ooi Sang Kuang, Mr Chua Kim Chiu,
Mr Pramukti Surjaudaja, Mr Samuel
N. Tsien and Mr Wee Joo Yeow. All the
Committee members, except Mr Samuel
N. Tsien, are non-executive Directors.
Members of the Committee have relevant
technical financial understanding in
risk disciplines or business experience.
Name of Director
The Committee has written terms
of reference that describe the
responsibilities of its members.
Board Executive Committee Audit Committee
Scheduled Meeting Scheduled Meeting
Attended
5
1
5
5
5
5
5
5
3
5
5
Held (1)
5
1
5
5
5
5
5
5
3
5
5
2
–
2
2
–
–
–
2
–
–
2
Attended
3
–
–
3
–
3
–
3
–
3
3
Attended Attended
2
–
2
2
–
–
–
2
–
–
2 1
–
1
1
–
–
–
1
–
–
1
3
–
–
3
–
3
–
3
–
3
3
Held (1)
Attended
–
1
5
–
5
–
–
5
–
–
–
–
1
5
–
5
–
–
5
–
–
–
Remuneration Committee Risk Management Committee
Scheduled Meeting Scheduled Meeting
Ad hoc
Meeting
Scheduled Meeting
Held (1)
Ooi Sang Kuang
Chua Kim Chiu (2)
Lai Teck Poh
Lee Tih Shih
Christina Ong
Quah Wee Ghee
Pramukti Surjaudaja
Tan Ngiap Joo
Teh Kok Peng (3)
Samuel N. Tsien
Wee Joo Yeow
Directors’ Attendance at Board and
Board Committee Meetings in 2017
In 2017, the Board and its committees
held a total of 25 meetings. The Bank’s
Constitution provides for Directors
to participate in Board and Board
Committee meetings by means of
conference telephone, video conferencing
or audio visual equipment.
Scheduled Meeting
Nominating Committee
Name of Director
Activities performed by Risk Management
Committee are also described under the
caption “Risk Management” on pages 84
to 94.
The Committee reviews the overall risk
management philosophy, guidelines
and major policies for effective risk
management, including the risk profile,
risk tolerance level and risk strategy.
The Committee reviews the scope,
effectiveness and objectivity of Group
Risk Management and the risk reports
that monitor and control risk exposures.
It also oversees the establishment
and operation of an independent risk
management system for identifying,
Held (1)
Ooi Sang Kuang
Chua Kim Chiu (2)
Lai Teck Poh
Lee Tih Shih
Christina Ong
Quah Wee Ghee
Pramukti Surjaudaja
Tan Ngiap Joo
Teh Kok Peng (3)
Samuel N. Tsien
Wee Joo Yeow
measuring, monitoring, controlling and
reporting risks on an enterprise-wide
basis, including ensuring the adequacy
of risk management practices for material
risks. The Chief Risk Officer has a direct
reporting line to the Committee as well
as to the CEO.
Mr Lai Teck Poh and Mr Chua Kim Chiu
also serve on the Audit Committee. The
common membership helps to facilitate
communication and foster the sharing of
information and knowledge between the
two committees.
Held (1)
3
–
–
–
–
3
–
3
2
–
3
Attended
3
–
–
–
–
3
–
3
2
–
3
Held (1)
Attended
6
–
6
–
–
6
6
–
–
6
6
6
–
6
–
–
6
6
–
–
6
6
Notes:
(1)
Reflects the number of meetings held during the time the Director held office.
(2)
Appointed to the Board and Audit Committee with effect from 20 September 2017.
(3)
Stepped down from the Board and Remuneration Committee with effect from 1 July 2017.
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