With the introduction of the new committees, both CDG and SBS Transit will now have five board committees each while Vicom will have three.
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CGD’s sustainability committee is chaired by independent director Jessica Cheam, who is also managing director of Eco-Busines, a business intelligence firm dedicated to sustainable development.
Lim Jit Poh, Chairman of CDG, says the move is timely as ESG issues now figure in all decision-making processes within the group. “By introducing a board-level committee, we are making it clear that we do not take ESG matters lightly,” he says.
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Shares in CDG, SBS Transit and Vicom closed at $1.72, $3.16 and $2.18 respectively on April 30.
