News
Change - Announcement Of Cessation Of Independent And Non-Executive Director
BackFeb 28, 2024
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Feb 28, 2024 17:28 |
| Status | New |
| Announcement Sub Title | Cessation of Independent and Non-Executive Director |
| Announcement Reference | SG240228OTHRIRV4 |
| Submitted By (Co./ Ind. Name) | Sin Chee Mei |
| Designation | Company Secretary |
| Description (Please provide a detailed description of the event in the box below) | Retirement of Independent and Non-Executive Director |
| Additional Details | |
| Name Of Person | Dr Tan Kim Song |
| Age | 63 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 28/02/2024 |
| Detailed Reason (s) for cessation | As part of the Board rejuvenation process and good corporate governance practice, Dr Tan Kim Song ("Dr Tan") who would have served as Independent and Non-Executive Director of the Company for an aggregate period of nine years on 2 March 2024, will retire from the Board on 28 February 2024, in line with the nine years rule. Dr Tan will concurrently cease to be the Chairman of the Audit and Risk Committee ("ARC") and members of the Nominating Committee ("NC") and Remuneration Committee ("RC") on 28 February 2024. The Board expresses its appreciation to Dr Tan for his leadership and invaluable contributions during his tenure of service. |
| Are there any unresolved differences in opinion on material matters between the person and the board of directors, including matters which would have a material impact on the group or its financial reporting? | No |
| Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer? | No |
| Any other relevant information to be provided to shareholders of the listed issuer? | No |
| Date of Appointment to current position | 02/03/2015 |
| Does the AC have a minimum of 3 members (taking into account this cessation)? | Yes |
| Number of Independent Directors currently resident in Singapore (taking into account this cessation) | 2 |
| Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months | 0 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Chairman of the ARC, Non-Executive Director of the Board and a member of the NC and RC |
| Role and responsibilities | Duties as Chairman of the ARC, Non-Executive Director of the Board and a member of the NC and RC |
| Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries | No |
| Shareholding interest in the listed issuer and its subsidiaries? | No |
| Past (for the last 5 years) | NIL |
| Present | NIL |
