Sustainability and Governance Report
Corporate
GOVERNANCE
The Board of Directors (the "Board") of Ossia International Limited (the "Company") is committed to maintaining a high standard of corporate governance. Good corporate
governance establishes and maintains an ethical environment and enhances the interests of all shareholders. This report describes the Company's corporate governance processes
and structures with specific reference made to the principles and guidelines of the Code of Corporate Governance 2018 (the 'Code").
This statement on the corporate governance practices of the Company describes the corporate governance policies practiced by the company during the financial year ended
31 March 2020, with specific references made to each of the principles set out in the Code. The Company has complied substantially with the principles and provisions as set out
in the Code. Explanations have been provided in the relevant sections below where there have been any deviations from the Code. Where there are deviations from the Code, the
Board has taken into consideration the current alternative practices in place and are of the view that these are sufficient to meet the underlying objectives of the Code.
Board Matters
Principle 1: Board Conduct of its Affairs
The Company is headed by an effective Board which is collectively responsible and works with Management for the long-term success of the Group.
The Company is headed by an effective Board to lead and control its operations and affairs for the success of the Company.
The primary function of the Board is to protect and enhance long-term value and returns for its shareholders. Apart from its statutory responsibilities, the Board sets the overall
strategy of the Company and its subsidiaries (the "Group") as well as review various matters including major funding and investments proposal, material acquisitions and disposal
of assets, key operational initiatives and financial controls, the release of the Group's quarterly and full year results and interested persons transaction of a material nature.
The Board conducts scheduled meetings on a quarterly basis to coincide with the announcement of the Group's quarterly results. Ad-hoc Board meetings are convened as and
when they are deemed necessary in between scheduled meetings. When a physical Board meeting is not possible, timely communication with members of the Board can be
achieved through electronic means.
In the course of the year under review, the number of Board meetings held and the attendance of each board member at the meetings during the financial year were as follows:
Number of Board meetings held
Name of director
Goh Ching Wah (Chairman)
Goh Ching Huat
Goh Ching Lai*
Wong King Kheng*
Anthony Clifford Brown*
Heng Su-Ling, Mae*
*Some of the meetings were held via tele-conference.
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Attendance
3
3
3
3
2
3
3
3
3
3
3
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