Corporate Governance
In conducting business, PSA International's Board of Directors adheres to a prudent and strategic approach, considering shifts in the industry landscape, sustainable growth and financial performance.
The Board convenes quarterly to evaluate investment opportunities and chart the company's future direction. Budgets and audited accounts are approved annually. Decisions are made by a majority vote, where the Chairman will cast the definitive vote if there is a tie.
The following Committees support the Board. Each Committee focuses on specific areas of governance and operational oversight:
AUDIT, RISK & FINANCE COMMITTEE (AR&F COMMITTEE)
The AR&F Committee is responsible for guiding and overseeing policies related to financial reporting, external and internal audits, internal controls, and risk management. The Committee regularly reviews the effectiveness of control procedures to identify and mitigate significant risks. It assesses the reliability of management reporting, ensures compliance with applicable laws and regulations, and reviews statutory accounts. Also, the Committee advises on funding strategy for major capital expenditures and investments.
LEADERSHIP DEVELOPMENT & COMPENSATION COMMITTEE (LDCC)
The LDCC oversees leadership development and talent management. It designs competitive compensation packages, with a focus on long-term sustainability of the business and maximising shareholder value. Other responsibilities include implementing leadership programmes, grooming talent, and preparing potential successors for key leadership roles. The LDCC conducts performance reviews and approves remuneration of the senior management.
BUSINESS DEVELOPMENT & INVESTMENT COMMITTEE (BD&I COMMITTEE)
The BD&I Committee plays a key role in reviewing and strategising PSA's long-term position, performance, and growth trajectory. It oversees major investments, divestments and capital expenditures, ensuring alignment with PSA's overall strategy and objectives.
PSA and its board committees hold themselves to the highest standards of governance. Under the PSA Code of Business Ethics & Conduct, we are committed to operate with integrity, transparency and accountability. Our every action is guided by our commitment to ethical business practices and long-term value creation for all stakeholders.
