The Board also provides direction to management by setting, reviewing and overseeing the implementation of the Group’s strategy. The Board is accountable to shareholders for the Group’s financial and operational performance, and seeks to balance the interests of all stakeholders.
KEY FEATURES OF OUR BOARD
- Independent directors make up more than two-thirds of the Board
- Separation of the role of Chairman and Chief Executive Officer (CEO)
- Female directors make up 22% of the Board
- None of the directors has served more than 7 years
- Other than the CEO, none of the other directors is a former or current employee of the Company or its subsidiaries (collectively, the Group).
- Chairpersons of the Board and all Board committees are independent directors
- In 2014, the Board evaluation was carried out by an independent external evaluator
- Remuneration of non-executive directors (including the Chairman) does not include any variable component
- To stimulate fresh thinking, external experts are regularly invited as 'provocateurs' at directors' training sessions and the annual Board strategy offsite
Peter Seah Lim Huat, 68
Peter Seah Lim Huat
ChairmanNon-Executive and Independent Director
Bachelor of Business Administration (Honours)
National University of Singapore
Date of first appointment as a director - 16 November 2009
Date of appointment as Chairman - 1 May 2010
Date of last re-election as a director - 25 April 2012
Length of service as a director - 5 years 3 months
Present Directorships:
Other Listed Companies
- CapitaLand Limited - Deputy Chairman
- Level 3 Communications Inc - Director
- StarHub Ltd - Director
- STATS ChipPAC Ltd - Director
Other Principal Commitments
- DBS Bank Ltd - Chairman
- DBS Bank (Hong Kong) Limited - Chairman
- GIC Private Limited - Director
- Asia Mobile Holdings Pte Ltd - Director
- Fullerton Financial Holdings Pte Ltd - Deputy Chairman
- LaSalle College of the Arts Limited - Chairman
- Singapore Health Services Pte Ltd - Chairman
- STT Communications Ltd - Deputy Chairman
- National Wages Council - Deputy Chairman
- International Monetary Conference - Director
Past Directorships in listed companies held over the preceding 3 years:
- Singapore Technologies Engineering Ltd - Chairman
Piyush Gupta, 55
Piyush Gupta
Chief Executive OfficerExecutive and Non-Independent Director
Post Graduate Diploma in Management
Indian Institute of Management, Ahmedabad, India
Bachelor of Arts, Economics
University of Delhi, India
Date of first appointment as a director - 9 November 2009
Date of last re-election as a director - 28 April 2014
Length of service as a director - 5 years 3 months
Present Directorships:
Other Listed Companies
Nil
Other Principal Commitments
- DBS Bank Ltd - Chief Executive Officer & Director
- DBS Bank (Hong Kong) Limited - Vice Chairman
- The Islamic Bank of Asia Limited - Director
- Institute of International Finance, Washington - Board Member
- Dr Goh Keng Swee Scholarship Fund - Director
- MasterCard Asia/Pacific, Middle East and Africa - Regional Advisory Board - Director
- SPRING Singapore - Deputy Chairman
- Asian Bureau of Finance and Economic Research - Council Member
- The Association of Banks in Singapore - Council Member
- The Institute of Banking & Finance - Council Member
- Sim Kee Boon Institute for Financial Economics - Member, Advisory Board
- Indian Business-leaders Roundtable under Singapore Indian Development Association - Member, Managing Council
Past Directorships in listed companies
held over the preceding 3 years:
Nil
Woo Foong Pheng, 51
Woo Foong Pheng
Non-Executive and Non-Independent Director
Master of Science in Management
Stanford University, USA
Bachelor of Arts, Politics, Philosophy and Economics
St John’s College, Oxford University
Date of first appointment as a director - 26 April 2012
Date of last re-election as a director - 29 April 2013
Length of service as a director - 2 years 10 months
Present Directorships:
Other Listed Companies
- Mapletree Greater China Commercial Trust Management Ltd (the Manager of Mapletree Greater China Commercial Trust) - Director
Other Principal Commitments
- DBS Bank Ltd - Director
- Ministry of Trade and Industry - Permanent Secretary
Past Directorships in listed companies
held over the preceding 3 years:
Nil
Euleen Goh Yiu Kiang, 59
Euleen Goh Yiu Kiang
Non-Executive and Independent Director
Fellow, Institute of Singapore Chartered Accountants
Associate Member, Institute of Chartered Accountants in England and Wales
Member, Chartered Institute of Taxation, UK
Associate Member, Institute of Financial Services, UK
Fellow, Singapore Institute of Directors
Date of first appointment as a director - 1 December 2008
Date of last re-election as a director - 29 April 2013
Length of service as a director - 6 years 3 months
Present Directorships:
Other Listed Companies
- CapitaLand Limited - Director
- Royal Dutch Shell PLC - Director
- SATS Ltd - Director
Other Principal Commitments
- DBS Bank Ltd - Director
- DBS Foundation Ltd - Chairman
- NorthLight School - Chairman, Board of Governors
- Singapore Chinese Girls’ School - Chairman
- Singapore Health Services Pte Ltd - Director
- Singapore International Foundation - Chairman, Board of Governors
- Singapore Institute of International Affairs - Trustee, Endowment Fund
Past Directorships in listed companies held over the preceding 3 years:
- Aviva PLC - Director
- Singapore Airlines Limited - Director
- Singapore Exchange Limited - Director
Ho Tian Yee, 62
Ho Tian Yee
Non-Executive and Independent Director
Bachelor of Arts (Honours), Economics (CNAA)
Portsmouth University, UK
Date of first appointment as a director - 29 April 2011
Date of last re-election as a director - 28 April 2014
Length of service as a director - 3 years 10 months
Present Directorships:
Other Listed Companies
- AusNet Services(1) - Director
Other Principal Commitments
- DBS Bank Ltd - Director
- Pacific Asset Management (S) Pte Ltd - Managing Director
- Fullerton Fund Management Co. Ltd - Director
- Singapore Power Ltd - Director
- Blue Edge Advisors Pte. Ltd. - Investment Advisor
Past Directorships in listed companies held over the preceding 3 years:
- Fraser and Neave Limited - Director
(1) AusNet Services (formerly known as SP AusNet), a stapled security, comprises AusNet Services (Distribution) Ltd (formerly known as SP Australia Networks (Distribution) Ltd), AusNet Services (RE) Ltd (formerly known as SP Australia Networks (RE) Ltd) and AusNet Services (Transmission) Ltd (formerly known as SP Australia Networks (Transmission) Ltd)
Bart Joseph Broadman, 53
Bart Joseph Broadman
Non-Executive and Independent Director
Bachelor of Science in Agricultural Science and Management
University of California at Davis
MBA in Financial Economics
University of Southern California, Graduate School of Business
Ph.D in Financial Economics
University of Southern California, Graduate School of Business
Date of first appointment as a director - 17 December 2008
Date of last re-election as a director - 28 April 2014
Length of service as a director - 6 years 3 months
Present Directorships:
Other Listed Companies
Nil
Other Principal Commitments
- DBS Bank Ltd - Director
- Alphadyne Asset Management Pte Ltd - Director
- Alphadyne (UK) Holdings Limited - Director
- Alphadyne Asset Management, LLC - Managing Member
- Alphadyne Capital, LLC - Managing Member
- Nanyang Technological University - Member, Investment Committee
Past Directorships in listed companies
held over the preceding 3 years:
Nil
Danny Teoh Leong Kay, 59
Danny Teoh Leong Kay
Non-Executive and Independent Director
Associate Member
Institute of Chartered Accountants in England and Wales
Diploma in Accounting
Newcastle-upon-Tyne Polytechnic, England
Date of first appointment as a director - 1 October 2010
Date of last re-election as a director - 29 April 2013
Length of service as a director - 4 years 5 months
Present Directorships:
Other Listed Companies
- Keppel Corporation Limited - Director
- CapitaMall Trust Management Limited (the Manager of CapitaMall Trust) - Director
Other Principal Commitments
- DBS Bank Ltd - Director
- DBS Bank (China) Limited - Director
- DBS Foundation Ltd - Director
- Changi Airport Group (Singapore) Pte Ltd - Director
- JTC Corporation - Director
Past Directorships in listed companies
held over the preceding 3 years:
Nil
Andre Sekulic, 64
Andrea Sekulic
Non-Executive and Independent Director
University of Sydney
Date of first appointment as a director - 26 April 2012
Date of last re-election as a director - 29 April 2013
Length of service as a director - 2 years 10 months
Present Directorships:
Other Listed Companies
Nil
Other Principal Commitments
- DBS Bank Ltd - Director
- comGateway (S) Pte Ltd - Chairman
- Optal Limited (1) - Chairman
- Hussar Pty Ltd - Director
- Insourcing International Pty Ltd - Director
- Queenstar Pty Ltd - Director
- Royal Motor Yacht Club Broken Bay - Director
Past Directorships in listed companies
held over the preceding 3 years:
Nil
(1) Optal Limited (formerly known as PSP International (Europe) Limited)
Nihal Vijaya Devadas Kaviratne CBE, 70
Nihal Vijaya Devadas Kaviratne CBE
Non-Executive and Independent Director
Bachelor of Arts, Economics (Honours)
Bombay University, India
Date of first appointment as a director - 29 April 2011
Date of last re-election as a director - 28 April 2014
Length of service as a director - 3 years 10 months
Present Directorships:
Other Listed Companies
- Akzo Nobel India Limited - Chairman
- GlaxoSmithKline Pharmaceuticals Ltd - Director
- Olam International Limited - Director
- SATS Ltd - Director
- StarHub Ltd - Director
Other Principal Commitments
- DBS Bank Ltd - Director
- DBS Foundation Ltd - Director
- Caraway Pte. Ltd. - Chairman
- TVS Motor (Singapore) Pte. Limited - Director
- PT TVS Motor Company - President Commissioner
- Bain & Company SE Asia, Inc - Member, Advisory Board for South East Asia/Indonesia
- The Department for International Development (DFID) - Member, UK Government’s DFID Private Sector Portfolio Advisory Committee for India
Past Directorships in listed companies
held over the preceding 3 years:
Nil
Board Independence
Deep banking knowledge and experience
