Kenon Holdings Ltd. has an active Board of Directors that meets from time to time, but at least once a quarter. The Board comprises leading individuals from the fields of business and economics, banking, shipping, energy, technology and entrepreneurship. It counts among its members prominent experts in finance.
Members of the Board are appointed at the company's Annual General Meeting. The current active Chairman of the Board is Mr. Cyril Pierre-Jean Ducau.
As a foreign private issuer, we are permitted to follow certain home country corporate governance practices instead of those otherwise required under the NYSE’s rules for domestic U.S. issuers, provided that we disclose which requirements we are not following and describe the equivalent home country requirement. However, notwithstanding our ability to follow the corporate governance practices of our home country Singapore, we have elected to apply the corporate governance rules of the NYSE that are applicable to U.S. domestic registrants that are not “controlled” companies.
Our constitution gives our Board of Directors general powers to manage our business. The Board of Directors, which currently consists of ten directors, oversees and provides policy guidance on our strategic and business planning processes, oversees the conduct of our business by senior management and is principally responsible for the succession planning for our key executives. Decisions of the Board are taken by a simple majority.
