Board of Directors
		The following investor information is disclosed for the purposes of Rule 26 of the AIM Rules for Companies and was updated on 30 September 2008. Members Ken Wong Kai En, Chairman and Chief Executive Director Hin Yuen Yeong, Director, Chief Operating Officer and Acting Chief Financial Controller John Lynton Jones, Non-Executive Director Terence Ronald Fuller , Non-Executive Director Responsibilities of the Board The Board is responsible for the overall direction and performance of the Group which include:      ∞     Management Structure and Appointments      ∞     Strategic and Policy Considerations      ∞     Transactions      ∞     Finance Directors Biographies Ken Wong Kai En Chairman and Chief Executive Officer Mr. Wong is the founder of Kenetics. He has been in the smart card and RFID industry for more than 10 years, designing a number of smart card and RFID products. In 1995, Ken joined Stoval Chip Cards as an engineer and was instrumental in growing the company to more than 100 employees within 3 years. He left Stoval as its General Manager in 1999 and set up AmaTech Singapore. As the Managing Director, Ken was exposed to the European and American markets and played a key role in the IPO of AmaTech AG. Ken left AmaTech Singapore in 2001 to start up Kenetics. Hin Yuen Yeong Director and Chief Operating Officer Mr. Yeong joined Kenetics in 2005. He obtained a Bachelor of Mechanical Engineering from the University of Singapore and a Masters in Production Engineering from Aston University in the UK. Mr. Yeong has more than 30 years' experience in a variety of industries and was a member of the Board of the Intellectual Property Office of Singapore and was also a member of the Board of Governors of the IP Academy in Singapore. John Lynton Jones Non-Executive Director Mr. Jones has an extensive background as the chief executive of several exchanges in London, including the International Petroleum Exchange, the OM London Exchange, Jiway and Nasdaq International (whose operations he set up in Europe in the late 1980s). He also ran public affairs for the London Stock Exchange at the time of Big Bang. He spent the first 15 years of his career in the British Diplomatic Service where he became private secretary to a Minister of State and concluded this stage of his career with responsibility for promoting financial services at the British Embassy in Paris. He studied at the University of Wales, Aberystwyth, where he took a first class honours in International Politics. Mr. Jones spent several years as a board member of London's Futures and Options Association and of the London Clearing House. He serves on the panel of City experts created by the Corporation of the City of London and was a non-executive director (and former chairman) of the Dubai International Financial Exchange. Terence Ronald Fuller Non-Executive Director From 1988 until 1999 Mr. Fuller was a director and from 1999 to 2001 was the managing director and a 25 percent shareholder in Kidsons Impey Search and Selection ("Kidsons").Kidsons is now part of Baker Tilly UK LLP. Since 2001 Mr. Fuller 's experience has been the assistance in the provision of suitable persons to act as chairmen and directors of companies either on the Official List of the UKLA or on AIM . He has been involved also in a number of coporate finance transactions relating to either fundings or flotations . Board Committees The Board has constituted the following committees and agreed upon their Terms of Reference.      ∞     Audit Committee      ∞     Remuneration Committee      ∞     Nomination Committee The Board meets regularly to chart and monitor business strategies, review financial matters and review managerial performance. The executive Directors maintain regular communication with the non-executive Director to ensure that the latter is updated on the operations of the Group. Audit Committee The members of the Audit Committee currently comprises of John Lynton Jones ,who acts as Chairman,Terence Ronald Fuller and Hin Yuen Yeong. The Audit Committee shall be responsible for 1. monitoring in discussion with the auditors the integrity of the financial statements of the Company, and any formal announcements relating to the Company's financial performance, reviewing significant financial reporting judgments contained in them; 2. reviewing the Company's internal financial controls and, unless expressly addressed by a separate board risk committee composed of Independent directors, or by the Board itself, to review the Company's internal control and risk management systems; 3. monitoring and reviewing the effectiveness of the Company's internal audit function and, where there is no internal audit function, considering annually whether there is a need for an internal audit function and making a recommendation to the Board; 4. making recommendations to the Board, for it to put to the shareholders for their approval in general meeting* in relation to the appointment, re-appointment and removal of the external auditor and approving the remuneration and terms of engagement of the external auditor; 5. reviewing and monitoring the external auditor's independence and objectivity and the effectiveness of the audit process, taking into consideration relevant UK and other relevant professional and regulatory requirements; 6. developing and implementing policy on the engagement of the external auditor to supply non- audit services, taking into account relevant ethical guidance regarding the provision of non-audit services by the external audit firm; and reporting to the Board, identifying any matters in respect of which it considers that action or improvement is needed and making recommendations as to the steps to be taken; and 7. reviewing arrangements by which staff of the Company may, in confidence, raise concerns about possible improprieties in matters of financial reporting or other matters and ensuring that arrangements are in place for the proportionate and independent investigation of such matters with appropriate follow-up action. Remuneration Committee The members of the Remuneration Committee currently comprises of John Lynton Jones, who acts as Chairman,Terence Ronald Fuller and Hin Yuen Yeong. The Remuneration Committee shall be responsible for 1. determining and agreeing with the Board the framework or broad policy for the remuneration of the Chief Executive Officer, the Chairman (where executive) and such other members of the Executive Management as it is designated to consider; 2. setting the remuneration for ail Executive Directors, the Chairman and the Company Secretary; 3. recommending and monitoring the level and structure of remuneration for senior management; 4. determining targets for any performance-related pay schemes operated by the Company; 5. determining the policy for and scope of pension arrangements for each Executive Director; 6. ensuring that contractual terms on termination and any payments made, are fair to the individual and the Company, that failure is not rewarded and that the duty to mitigate loss is fully; 7. Within the terms of the agreed policy, recommending the total individual remuneration package of each Executive Director including, where appropriate, bonuses, incentive payments and share options; 8. coordinating closely with the Nomination Committee in relation to the remuneration to be offered to any new Executive Director; 9. being aware of and advising on any major changes in employee benefit structures throughout the Group; 10. agreeing the policy for authorising claims for expenses from the Chief Executive Officer and the Chairman; 11. ensuring that provisions regarding disclosure of remuneration, including pensions, as set out in the Directors Remuneration Report, are fulfilled; and 12. establishing the selection criteria, selecting, appointing and setting the terms of reference for any remuneration consultants who advise the committee. Nomination Committee The Nomination Committee currently comprises of Ken Wong Kai En, who acts as Chairman, John Lynton Jones ,Terence Ronald Fuller and Hin Yuen Yeong. The principal responsibilities of the Nomination Committee is to identify the need for new appointments to the Board, nominate candidates considering their background, experience and skills, review leadership needs of the Group and make recommendations to the Board with regard to any change in structure, size or composition of the Board.