Lereno Bio-Chem Ltd

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CORPORATE GOVERNANCE

LBC's Corporate Governance highly rated by One of the Big Four Accounting Firms

For details of the corporate governance review, click here.

Lereno Bio-Chem Ltd (the "Company") is committed to ensuring and maintaining a high standard of corporate governance within the Group to ensure transparency and protection of the interests of the Company's shareholders.

To facilitate effective management, the Board has formed Board Committees to assist in carrying out and discharging its duties and responsibilities efficiently and effectively.

Namely:

the Audit Committee (AC);

Name	Designation
Peter John Farrar	Chairman of AC and Non-Executive & Independent Director
Wong Heang Fine	Member and Non-Executive & Independent Director
Yap Boh Pin	Member and Non-Executive & Independent Director

the Remuneration Committee (RC);

Name	Designation
Tan Sri Dato' Kamaruzzaman Bin Shariff	Chairman of RC and Non-Executive & Independent Director
Wong Heang Fine	Member and Non-Executive & Independent Director

the Nominating Committee (NC);

Name	Designation
Yap Boh Pin	Chairman of NC and Non-Executive & Independent Director
Tan Sri Dato' Kamaruzzaman Bin Shariff	Member and Non-Executive & Independent Director
Peter John Farrar	Member and Non-Executive & Independent Director

A Risk Management Committee (RMC) has also been formed in May 2007:

Name	Designation
Wong Heang Fine	Chairman of RMC and Non-Executive & Independent Director
Ong Puay Koon	Member, Managing Director & Chief Executive Officer
Ong Choon Lui	Member and Executive Director
Lim Leong Kiat	Member, Deputy President & Chief Financial Officer

The Risk Management Committee reviews the overall risk management guidelines / framework, reviews and recommends risk limits, assesses the adequacy and effectiveness of the risk management policies and systems to assist in reviewing the risks for transactions above S$5,000,000.

Our corporate governance report found in the Company's Annual Report 2009, describes the main corporate governance framework and practices of the Company with specific reference made to each of the principles of the Code of Corporate Governance 2005 (the "Code"), which forms part of the Continuing Obligations of the Singapore Exchange Securities Trading Limited ("SGX-ST")'s Listing Manual. The Company will continue to enhance its systems and corporate governance processes to ensure compliance with the Code.

For details of the report, click here.