Page 117 - flipbook-ubp-IR

OUR FINANCIAL PERFORMANCE STATEMENTS
Board Induction
The Chairman, with the assistance of the Company Secretary, devises a formal and tailored induction programme for new Directors to enable them to develop a sound understanding of the Company and of the Group to effectively contribute to strategic discussions. They are also made aware of their fiduciary duties and responsibilities. The induction programme comprises, inter alia:
Key information and documents
Professional Development and Training
BOARD INDUCTION
One-on-one Briefings with briefings with the Senior Managers Chairman and the
Group CEO
Site Visits
Directors are encouraged to keep themselves abreast of the latest workplace trends and professional practices. During the year under review, some of the Directors attended a workshop on risk governance, in view of strengthening their professional development.
Time Commitments
The Directors are expected to devote time and meaningfully contribute to the affairs of the Board and to ensure that their other responsibilities do not impinge on those as Director of the Company.
The Board of the Company does not believe that its members should be prohibited from serving on the Board of other organisations unless the number of directorships limits the amount of time they are able to dedicate to being a Director of the Company.
Upon the recommendation of the Corporate Governance Committee, the Board has endorsed a Succession Planning Policy for Directors to ensure a proper diversity and an appropriate balance of knowledge, skills and experience on the Board.
Succession Plan
Upon the recommendation of the Corporate Governance Committee, the Board has endorsed a Succession Planning Policy for Directors to ensure a proper diversity and an appropriate balance of knowledge, skills and experience on the Board.
UBP INTEGRATED REPORT 2022 115
CORPORATE GOVERNANCE