Internal Committees of the BoD
The Board of Directors of SEA, in accordance with the recommendations of the Self-Governance Code, has internally set up, through special resolutions, additional committees among its members, composed of non-executive independent directors, with proposal and consultation functions, and set the number of members and duties. These committees regularly carry out their duties through meetings whose minutes are drafted and kept in the Company’s records.
Meetings held by the Board of Directors and the Committees in 2015
| Board of Directors | Control and Risks Committee | Remuneration and Appointments Committee | Ethics Committee |
|---|---|---|---|
| 15 | 5 | 6 | 4 |
For the discharge of their duties, committees may access information and corporate functions necessary to carry out their tasks. Committees may also use external consultants, within the budget limits approved by the Board. The Board of Directors has set up:
- the Ethics Committee, chaired by a non-executive director;
- the Remuneration Committee;
- the Control and Risks Committee.
The Board has not set up internally an Appointments Committee, as it is considered that the slate voting mechanism provided for under the By-laws for the appointment of Directors guarantees sufficient transparency and publicity for the entire process of appointing members of the Board of Directors.