Group Management Committee (“GMC”)

The GMC is chaired by the President & CEO and members comprise Heads of Business Sectors as well as strategic divisions. The salient terms of reference of the GMC include the following:-

(a) To consider and recommend for Board approval, the Group’s business strategies, proposals relating to investments, divestments, mergers and acquisitions and strategic alliances, and the Group budget;

(b) To consider and recommend to the Board and/ or its relevant Committees, policies with Group-wide applicability relating to human resources, property, capital allocation and raising, and risk management; and

(c) To consider the monthly performance reports of the Business and Capability Divisions and to propose appropriate remedial measures where necessary.

In respect of proposals on matters that exceed the GMC’s authority limits, the GMC would submit its recommendations to the Board for approval as well as information paper for noting.
 

The GMC holds monthly meetings and additional meetings are convened as and when urgent issues and decisions need to be deliberated and made. For the financial year ended 30 June 2009, the GMC had met 17 times.