Corporate Governance Report
27
Sarine Technologies Ltd. • Annual Report
2014
(who were first elected in 2005) and resolved that all three independent directors have maintained their independence
and that each of them provides to the Company invaluable service and advice. Moreover, given the Company’s unique
field of activities on the one hand, and it being a company incorporated and managed in Israel, and listed in Singapore,
on the other hand, the specific expertise and understanding expected from and provided by its independent directors
are quite unique and are the result of the mixture of the personal capabilities and skills of the directors in question,
on the one hand, and their actual experience and expertise, gained through their years of service, on the other hand.
Therefore, the Board is of the opinion that the Company and its shareholders shall benefit from the continued service
of these directors. Thus, in 2014 the Nominating Committee and the Board have recommended, and the shareholders
have resolved, that the term of service of the independent directors be extended for three additional years.
More particularly:
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Mr. Chan Kam Loon, Lead Independent Director, holds a degree in Accountancy from the London School of
Economics and is a qualified Chartered Accountant with the Institute of Chartered Accountants in England and
Wales. Thanks to his formal education, married with extensive experience in the fields of investment banking
and private equity funding, and especially given his past position in the Singapore Exchange, Mr. Chan has been
able to contribute greatly to the Board, in all aspects related to auditing of the financials, strategic decision-
making and prioritizing, investors’ relations and general ongoing business development. Throughout his years
of service, Mr. Chan has maintained his independent position in the Company and has voiced independent
opinions.
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Mr. Yehezkel Pinhas Blum brings with him a unique mixture of business skills and business experience, from his
prolonged and deep involvement in the diamond industry. Specifically, Mr. Blum’s senior positions in the various
institutions of the Israel Diamond Exchange in Ramat Gan, and his resulting interaction with international
correspondents, grant him unique in-depth understanding of the diamond industry, industry trends and opinion
leaders, in general, and how these pertain to the trading of polished diamonds, in particular. Therefore, Mr.
Blum’s services, inputs and insights are highly appreciated by the Board, especially given the Company’s strategic
focus on the polished diamonds segment. The Board is further of the opinion that Mr. Blum has always expressed
his independent and impartial opinions at the Board meetings and has successfully maintained his independence.
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Ms. Valerie Ong Choo Lin’s senior position at Rodyk & Davidson, as well as her extensive practice in the fields of
corporate and commercial law, enable her to voice a learned and well-founded opinion at the Board and to share
her vast legal and practical knowledge and insights with the Company on all issues pertaining to being a publicly
listed company in Singapore, Listing Manual issues, proper Board functioning, interested person transactions,
etc. Throughout her years of service, Ms. Ong has maintained her independent position in the Company, has
voiced independent opinions and has always been able to provide added value to Board discussions.
Key information about the directors is detailed in the “Board of Directors” section of the annual report.
The directors of the Company in office at the date of this report are:
Executive
Non-Executive
Independent
Mr. Daniel Benjamin Glinert
Mr. Uzi Levami
Mr. Eyal Mashiah
Mr. Avraham Eshed
Mr. Ehud Harel
Mr. Hanoh Stark
Mr. Chan Kam Loon (Lead)
Mr. Yehezkel Pinhas Blum
Ms. Valerie Ong Choo Lin
There are no permanent alternate directors (alternate directors have been appointed in the past in very few cases and
only for specific meetings).
The Board draws from a broad spectrum of competencies and disciplines: from the diamond and gemstones industry,
the high-tech industry, the business community, capital markets, legal practice and management. The Board is of the
opinion that its size and composition address the Company’s needs and plans.
