The APEX Group strives to achieve high standards of corporate governance in accordance with Singapore legislation and best practices.
The Boards of Directors of Asia Pacific Exchange Pte. Ltd. and Asia Pacific Clear Pte. Ltd. play an integral role to the maintenance of high standards of corporate governance of the APEX Group, including providing strategic leadership, establishing of internal controls, reviewing the financial performance of the APEX Group and overseeing all Board Committees. For more information on the Chairman of the Board, please click here.
In accordance with the requirements under Securities and Futures (Corporate Governance of Approved Exchanges, Approved Clearing Houses and Approved Holding Companies) Regulations 2005 and for good corporate governance, the Board has appointed and delegated their authority to the following five Board Committees:
1. Nominating Committee
The role of the Nominating Committee includes identifying candidates and reviewing all appointments, re-appointments or termination of directors, the members of the various Board Committees or any key appointment holders requiring the approval of the Monetary Authority of Singapore, reviewing and approving the appointment, termination or promotion of executive staff to the Executive Management Committee, and reviewing and recommending to the Board a set of corporate governance framework applicable to APEX Group.
2. Remuneration Committee
The role of the Remuneration Committee is to review, recommend to the Board for approval, and where authority is delegated by the Board, approve the staff development and succession plan, the remuneration of senior management and employees and the remuneration of the APEX Group’s directors.
3. Audit Committee
The role of the Audit Committee includes reviewing and recommending the annual audited financial reports and statements, the internal and external audit plans, and the processes and systems of internal controls.
4. Conflicts Committee
The role of the Conflicts Committee is to satisfy the Board that any perceived, potential or actual conflict of interest between APEX Group’s regulatory responsibilities and commercial interests is adequately addressed.
5. Risk Management Committee
The role of the Risk Management Committee is to review, recommend to the Board for approval, and where authority is delegated by the Board, approve the type and level of business risk that the APEX Group undertakes on an integrated basis to achieve its business strategy, and the frameworks and policies for managing risks that are consistent with the APEX Group’s risk appetite.