Straco Corporation Limited • Annual Report 2014
6
BOARD OF DIRECTORS
Mr Wu Hsioh Kwang
Executive Chairman / Executive
Director
Mr Wu Hsioh Kwang is the founder
of Straco Corporation Limited and
has been instrumental in driving
the group’s growth since its inception. Mr Wu was
appointed as Executive Chairman of the Company in
March 2003, to lead the Group in its strategic vision and
overall management. As Chairman of the Board, Mr Wu
provides valuable business insight and guidance to the
Board in developing growth strategies for the Group’s
businesses. Mr Wu’s other appointments include, Vice-
President (Singapore Chinese Chamber of Commerce),
Vice-Chairman of Tourism & Leisure, Chinese Business
Group (Singapore Business Federation) and Vice
Chairman of the 4th Standing Committee of Chinese
Association of Enterprises with Foreign Investment
(China). Mr Wu holds a Bachelor of Commerce degree
from the former Nanyang University (Singapore).
Mr Tay Siew Choon
Lead Independent Director
Mr Tay Siew Choon has been
an Independent Director since
November 2003 and was appointed
as Lead Independent Director on
1 March 2014. He was the Managing Director and
Chief Operating Officer of Singapore Technologies Pte
Ltd till 31st March 2004. He is currently a director of
TauRx Therapeutics Ltd, TauRx Pharmaceuticals Ltd,
Wista Ltd and Pan-United Corporation Ltd. Mr Tay
graduated from Auckland University with a Bachelor
of Engineering (Electrical) degree with Honours under
a Colombo Plan Scholarship. He also holds a Master
of Science in Systems Engineering from the former
University of Singapore.
Mr Lim Song Joo
Independent Director
Mr Lim Song Joo was appointed as a
non-Executive Director in May 2011
and re-designated as Independent
Director from 29 February 2012.
He was the Chief Financial Officer of Macao Studio
City (Hong Kong) Limited, an integrated leisure resort
properties Group, from 2007 to 2009. From 1987 to
2007, Mr Lim also had held various senior management
positions with MediaCorp Pte Ltd, Temasek Holdings
Pte Ltd, StarHub Ltd, Singapore Technologies Industrial
Corporation Ltd, and Singapore Computer Systems
Limited. Mr Lim graduated from the former University
of Singapore with a Bachelor of Accountancy degree
(Hons). He is a Fellow Member of the Chartered
Institute of Management Accountants (FCMA) in the
United Kingdom and a Fellow Member of the Institute
of Singapore Chartered Accountants (FCA).
Dr Choong Chow Siong
Independent Director
Dr Choong Chow Siong was
appointed as an Independent
Director in October 2003. He is
an audit quality reviewer and had
over 30 years of audit experience as a practicing
accountant. Dr Choong is a Fellow Member of the
Institute of Singapore Chartered Accountants (FCA),
and a Member of the Chartered Institute of Arbitrators
(MCIArb, UK). He served on the Hot Review Panel of the
Institute of Certified Public Accountants of Singapore
from 2009 to 2011. He is the author of the books
entitled “Sales Recognition and Receivables” in 1991,
and “Income Recognition and Reporting” in 1993.
He is also the co-author of the highly acclaimed book
entitled “Revenue Accounting and the 5R Revenue
Theory for Management Reporting” published in
2001. The final Revenue Reporting Standard of IASB
(UK) and FASB (US), released in the second quarter
of 2014, is consistent with Dr Choong’s 5R Revenue
Theory (1991 & 2001), which was submitted to IASB
(UK) in 2002 for the research requirement of revenue
reporting. Dr Choong holds a Bachelor of Commerce
(Accounting) degree from the former Nanyang
University (Singapore).
Mr Neo Poh Kok David
Independent Director
Mr Neo Poh Kok David was appointed
as an Independent Director in May
2011.HewastheSeniorVicePresident,
Chief Financial Officer, and Chief Risk
Officer of Sembcorp Engineers & Constructors Pte Ltd,
where he worked for 23 years from 1985 to 2008. His
expertise lies in areas of finance, administration, risk
management, investments, and purchasing. Mr Neo
graduated from the former University of Singapore
with a Bachelor of Accountancy degree. He is a
Fellow Chartered Accountant Singapore (FCA) of the
Institute of Singapore Chartered Accountants (ISCA).
In addition he is also a Fellow Member (FCPA) of the
Institute of Certified Public Accountants, Australia and
the Association of Chartered Certified Accountants,
UK (FCCA).
