Wayne Porritt was appointed as an Independent Director on 9 October 2020 and then Independent Non-Executive Chairman of the Board of Directors on 9 December 2022. He is also the Chairman of the Remuneration Committee and a member of both the Audit and Risk and Nominating Committees.
Mr Porritt is an accomplished global risk professional with significant experience engaging with regulatory authorities across Asia, the United Kingdom and the United States. He has held non-executive board roles in a number of banking, finance and commodity related businesses and has worked extensively across Asia, the Middle East and Africa, particularly in Greater China, South Korea, Thailand and Japan. Mr Porritt has held senior positions at Bank of America and Standard Chartered Bank after starting his career at the State Bank of New South Wales and then Ernst & Young and Société Générale Australia. Over his career, he has specialised in risk, corporate credit, global financial restructuring and insolvency engagements for corporate and financial institutions.
Mr Porritt currently acts as a Non-Executive board member/council member for a number of entities, including Sun Hung Kai & Co. Limited, Oxfam Hong Kong and The Aurora Group – A Ruby Foundation Limited. He is also a graduate member of the Australian Institute of Company Directors.
The Board of Directors (the "Board") of Global Invacom Group Limited (the "Company") is committed to maintaining a high standard of corporate governance. The Board confirms that it has generally adhered to the principles and guidelines as set out in the 2018 Code of Corporate Governance which was issued by the Monetary Authority of Singapore (the "2018 Code") as well as the Quoted Companies Alliance Corporate Governance Code for AIM listed companies with its requirement to "comply or explain" its adoption of the QCA Code's ten principles of good corporate governance.
This report describes the Company's corporate governance policies and practices with specific reference made to each of the principles of the 2018 Code (where stated) in compliance with the Listing Manual of the Singapore Exchange Securities Trading Limited ("SGX-ST").
The Company is pleased to disclose its corporate governance processes and activities with specific reference to the Code for the financial year ended 31 December 2021. Other than the specific deviations or alternative governance practices adopted by the Company in lieu of the recommendations in the 2018 Code which are explained in the report, the Company has complied with the principles and guidelines of the 2018 Code.