Corporate Governance

Olam was first established in 1989 as a division of the Kewalram Chanrai Group to start an agri-business enterprise and to generate foreign currency. From 1990 to 1995, our business was headquartered in London and operated under the name of Chanrai International Limited. The Company, Olam International Limited, was incorporated in Singapore in 1995 and subsequently in 1996, we relocated our entire operations from London to Singapore at the invitation of the International Enterprise Singapore under the latter's Global Trader Programme.

From the Company's founding in 1995, we have consistently pursued the highest standards of corporate governance. The Board comprised of both Non-executive and Executive Directors and held regular meetings to review the operations of the Company. There was a clear division of responsibility between the Chairman and the Chief Executive Officer, ensuring a balance of power and authority. The financial statements of the Group are audited by Ernst & Young, one of the top four accounting firms globally.