Committees Overview

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Committees Overview

Sealink International Berhad is committed to maintaining the highest standards of corporate governance, ensuring transparency, accountability, and ethical conduct in all its operations. To achieve this, the company has established several key committees, each tasked with specific responsibilities that align with our strategic objectives and regulatory requirements.

Audit Committee

Terms of References

Chairman :

Yong Nyet Yun

Members :

Eric Khoo Chuan Syn @ Khoo Chuan Syn, Toh Kian Sing

Objective :

The Audit Committee has been appointed primarily to oversee the financial reporting process of the Company, the audit process and review related party transactions and conflict of interest situations.

Nominating Committee

Terms of References

Chairman :

Eric Khoo Chuan Syn @ Khoo Chuan Syn

Members :

Yong Nyet Yun, Toh Kian Sing

Objective :

The key objective of the Nominating Committee is to oversee the selection and assessment process of Directors of the Board, ensuring that nominations to Board and Board Committee seats are fair and transparent having regard to the competence, experience, character, integrity and time commitment of the nominees.

Remuneration Committee

Terms of References

Chairman :

Toh Kian Sing

Members :

Eric Khoo Chuan Syn @ Khoo Chuan Syn, Yong Nyet Yun

Objective :

The Remuneration Committee has been appointed with a view to

Establishing a formal and transparent procedure for setting a policy on remuneration of executive directors and senior management and for fixing the remuneration packages of all directors and senior management which takes into account the demands, complexities and performance of the Company as well as skills and experience required; and
Ensuring that the levels of remuneration of directors and senior management are commensurate with their qualifications, roles, responsibilities and that such levels of remuneration are sufficient to attract and retain the directors and senior management but not excessive.

Risk Management Committee

Terms of References

Chairman :

Yong Kiam Sam

Members :

Eric Khoo Chuan Syn @ Khoo Chuan Syn, Yong Nyet Yun

Objective :

The primary objectives of the Risk Management Committee are:

To establish and maintain a common understanding of the Group’s risk inventory, which needs to be managed in order to meet corporate objectives;
To ensure that a proper risk assessment is carried out and that a risk profile of the Group is compiled by Management;
To identify on an ongoing basis the top five (5) business risks faced by the Group, including the action plans to mitigate the risks to acceptable levels, taking into account the risk appetite of the Board;
To monitor the Group’s systems of risk management and internal control as well as the assurance activities thereof; and
To report to the Board and the Audit Committee on the risk management activities undertaken and the extent of any action taken by Management to address areas identified for improvement.

Sustainability Committee

Terms of References

Chairman :

Yong Kiam Sam

Members :

Eric Khoo Chuan Syn @ Khoo Chuan Syn, Yong Nyet Yun

Objective :

The Sustainability Committee is established to assist the Board in fulfilling its oversight responsibilities in relation to the Sealink’s Group of Companies’ sustainability strategy and initiatives covering environmental, social and economical aspect as well as embedding sustainability practices into the business.

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