SUSTAINABILITY GOVERNANCE

Since 2008, a company-wide Sustainability Committee was set up to drive Environmental, Social and Governance (ESG) practices across all departments within CDL. Led by the Chief Sustainability Officer with functional oversight by the Senior Management, the Committee initiates, drives and monitors various aspects of our sustainability practices, ensuring effective integration of ESG initiatives into our business operations and corporate objectives.

Above this operational-level Committee sits a Board Sustainability Committee (BSC) which advises on CDL’s sustainability strategy. Since February 2018, the BSC has played a bigger role in advancing CDL’s sustainability leadership as the Sustainability function reports directly to the board-level Committee comprising 3 independent Directors  and CDL’s Group CEO.

  • Tan Yee Peng

    Non-Executive and Independent Director

    Appointed a Director of CDL on 7 May 2014, Ms Tan was last re-elected on 25 April 2017. She is also the Chairman of the BSC, a member of the Board Committee, the Audit and Risk Committee and the Nominating Committee (NC) of CDL.

    Ms Tan graduated with First Class Honours degree in Accountancy from Nanyang Technology University (NTU) and has more than 18 years of accounting and auditing experience, and previously served as an audit partner with KPMG LLP (“KPMG”) from 2003 to 2010. As an audit and advisory partner, she was closely involved in providing accounting and advisory services to clients in both the private and public sectors. Ms Tan also acted as the Reporting Accountant and auditor for several companies listed on the Singapore Exchange, but was not involved in any KPMG audit engagement with the CDL Group.

    Since her retirement as a practicing accountant, Ms Tan, at the request of KPMG, served as principal advisor from 2010 to 2011 on matters related to the healthcare industry, and assisted the firm in establishing the AsPAC Healthcare network. Ms Tan was an Adjunct Associate Professor of the Nanyang Business School, NTU, till 2018. Besides academia, she has also been contributing actively to the non-profit sector and is a member of the Medifund Committee of Vanguard Healthcare.

    Ms Tan was formerly a member of the Audit Committee (non-board position) of Jurong Health Services Pte. Ltd. Ms Tan is a Fellow of the Institute of Singapore Chartered Accountants and a member of the Singapore Institute of Directors.


  • Philip Yeo Liat Kok, 72

    Non-Executive and Independent Director

    Appointed a Director of CDL on 11 May 2009, Mr Yeo was last re-elected as a Director on 25 April 2017. He is also the Chairman of the NC and a member of the Remuneration Committee and the BSC of CDL.

    Mr Yeo will be seeking re-election as a Director at the 2019 AGM. Mr Yeo is Chairman of Economic Development Innovations Singapore Pte Ltd (EDIS) which provides strategic advice and undertakes the development and management of integrated industrial and urban areas with an emphasis on job creation and industrial cluster development.

    Mr Yeo is an independent Director of Baiterek National Managing Holding and Kerry Logistics Network Limited and the Chairman of Accuron Technologies Limited, Hexagon Development Advisors Pte. Ltd. and MTIC Holdings Pte. Ltd.

    Mr Yeo holds a Bachelor of Applied Science (Industrial Engineering), an honorary Doctorate in Engineering from the University of Toronto, Canada, an honorary Doctorate in Medicine from the Karolinska Institutet, Sweden, a Master of Science (Systems Engineering) from the University of Singapore, a Master of Business Administration from Harvard University, USA, a Doctor of Science from Imperial College, London, an honorary Doctor of Letters from National University of Singapore and an honorary Doctor of Law from Monash University of Australia. He also received the Order of the Rising Sun, Gold and Silver Star from the Government of Japan (2007) and the Distinguished Service (Star) award from the Singapore Labour Movement, National Trade Union Congress (2008).


  • Tan Poay Seng

    Non-Executive and Independent Director

    Appointed a Director of CDL on 2 February 2012, Mr Tan was last re-elected as a Director on 25 April 2017. He also sits on the BSC of CDL.

    Mr Tan will be seeking re-election as a Director at the 2019 AGM. Mr Tan is the Managing Director of Magni-Tech Industries Berhad, an investment holding company

    listed on the Main Market of Bursa Securities Malaysia Berhad, and Coronation Springs (M) Sdn. Bhd., a niche property development company. He has been named as one of the best CEOs of companies listed in nine sectors on Bursa Malaysia in 2016.

    Mr Tan holds a diploma in Hotel Management, Switzerland and has more than 20 years of experience in various business sectors which include manufacturing, housing development, marketing, retailing and healthcare services.


  • Sherman Kwek

    Group Chief Executive Officer

    Mr Sherman Kwek assumed his current role as CDL’s Group Chief Executive Officer (CEO) in January 2018. Since April 2016, he has also held the position of Executive Chairman of CDL China. He was previously the Deputy CEO and Chief Investment Officer of CDL. He has been spearheading the Group’s expansion in China, Japan and Australia for almost a decade and in recent years has also broadened the Group’s presence in Singapore and the UK.

    Throughout his career, Mr Kwek has held various senior management roles including serving as the CEO of Hong Kong-listed City e-Solutions Limited and the Chief Operating Officer of Singapore-listed Thakral Corporation Ltd. He also worked at RECAP Investments Limited, a real estate private equity fund. He started his career in New York in venture capital and investment banking before eventually joining the US division of Millennium & Copthorne Hotels plc. He has experience in the areas of investments, mergers and acquisitions, real estate, hospitality and technology, and has worked in New York, Hong Kong, Shanghai and Singapore.

    Mr Kwek is currently a Council Member of the Singapore Chinese Chamber of Commerce and Industry (SCCCI), and is also a member of the Council for Board Diversity, formerly known as the Diversity Action Committee initiated by the Singapore Exchange Limited, to promote greater gender diversity on the boards of listed companies.


The BSC meets at least twice a year to review CDL’s sustainability plans and maintains communication with the Sustainability team regularly.