Rex International Holding Limited 1 1 3 CORPORATE GOVERNANCE REPORT Beverley Smith (1) Singapore Institute of Directors - LED1: Listed Entity Director Essentials Part 1 (2) Singapore Institute of Directors - LED1: Listed Entity Director Essentials Part 2 (3) Singapore Institute of Directors - LED2: Board Dynamics (4) Singapore Institute of Directors - LED3: Board Performance (5) Singapore Institute of Directors - LED4: Stakeholder Engagement (6) Singapore Institute of Directors - LED9: Environmental, Social and Governance Essentials LED: Listed Entity Director 1.3 Material Transactions Requiring Board Approval Matters that require the Board’s approval include, amongst others, the following: • Overall Group business and budget strategy; • Annual and half-yearly financial reports and announcements on quarterly use of funds/cash by mineral, oil and gas companies; • Capital expenditures exceeding certain material limits; • Investments or divestments; • All capital-related matters including capital issuance; • Policies governing the operations of the Company; • Corporate strategic development and restructuring; • Interested person transactions exceeding a S$100,000 threshold; and • Risk management strategies. 1.4 Board Committees The Board has delegated certain responsibilities to the Audit Committee (the “AC”), the Remuneration Committee (the “RC”) and the Nominating Committee (the “NC”) (collectively, the “Board Committees”). The composition of the Board Committees as at the date of this annual report are as follows: Board Committee AC NC RC Designation Chairperson • Mae Heng • Pong Chen Yih • Pong Chen Yih Members • Pong Chen Yih • John d’Abo • Dr Mathias Lidgren • Mae Heng • John d’Abo • Mae Heng Each Board Committee has clear written terms of reference setting out their compositions, authorities and duties, including reporting back to the Board.
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