My first Publication ocbc_ar17_fullreport_english | Page 80

CORPORATE GOVERNANCE
SUMMARY OF DISCLOSURES
Express disclosure requirements in the Guidelines on Corporate Governance for Financial Holding Companies, Banks,
Direct Insurers, Reinsurers and Captive Insurers which are incorporated in Singapore (which comprises the Code of
Corporate Governance 2012), and the applicable disclosures pursuant to the Corporate Governance Disclosure Guide
issued by the Singapore Exchange on 29 January 2015.
PRINCIPLE AND GUIDELINES
PAGE REFERENCE IN
OCBC ANNUAL REPORT 2017
Guideline 1.3
Delegation of authority, by the Board to any Board committee, to make decisions on
certain Board matters. Pages 63 to 65
Guideline 1.4
The number of meetings of the Board and Board committees held in the year, as well as
the attendance of every Board member at these meetings. Page 65
Guideline 1.5
The type of material transactions that require Board approval under guidelines. Pages 63 and 64
Guideline 1.6
The induction, orientation and training provided to new and existing directors. Page 66
Guideline 1.16
An assessment of how these programmes meet the requirements as set out by the Nominating
Committee to equip the Board and the respective Board committees with relevant knowledge
and skills in order to perform their roles effectively. Page 66
Guideline 2.1
Compliance with the guideline on proportion of independent directors on the Board. Page 66
Guideline 2.3
The Board should identify in the Company’s Annual Report each director it considers to be
independent. Where the Board considers a director to be independent in spite of the existence of
a relationship as stated in the Code that would otherwise deem a director not to be independent,
the nature of the director’s relationship and the reasons for considering him/her as independent
should be disclosed. Page 66
Guideline 2.4
Where the Board considers an independent director, who has served on the Board for more
than nine years from the date of his/her first appointment, to be independent, the reasons for
considering him/her as independent should be disclosed. Not Applicable
Guideline 2.6
(a) The Board’s policy with regard to diversity in identifying director nominees
(b) Whether current composition of the Board provides diversity on skills, experience, gender
and knowledge of the Company, and elaborate with numerical data where appropriate
(c) Steps that the Board has taken to achieve the balance and diversity necessary to maximise
its effectiveness. Pages 66 and 67
Guideline 2.13
Names of the members of the Executive Committee and the key terms of reference of the
Executive Committee, explaining its role and the authority delegated to it by the Board. Page 64
Guideline 3.1
Relationship between the Chairman and the CEO where they are immediate family members. Not Applicable
Guideline 4.1
Names of the members of the Nominating Committee and the key terms of reference of the
Nominating Committee, explaining its role and the authority delegated to it by the Board. Pages 64 and 67
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OCBC ANNUAL REPORT 2017