News
Change - Announcement Of Cessation Of Independent Non-Executive Director
BackApr 25, 2015
| Announcement Title | Change - Announcement of Cessation |
| Announcement Subtitle | CESSATION OF INDEPENDENT NON-EXECUTIVE DIRECTOR |
| Securities | HOTEL ROYAL LTD (H ROYAL) |
| Date & Time of Broadcast | Apr 25, 2015 18:44 |
| Submitted By | SHARON YEOH COMPANY SECRETARY |
| Description | CESSATION OF INDEPENDENT NON-EXECUTIVE DIRECTOR |
| Cessation Details | |
| Name of person | NG KOK LIP |
| Age | 73 |
| Is effective date of cessation known? | Yes |
| Effective date for cessation | Apr 25, 2015 |
| Detailed reason(s) for cessation | Mr Ng Kok Lip had served on the Board of Directors for about 12 years. He did not wish to seek re-appointment and retired following the conclusion of the Annual General Meeting held on 25 April 2015. This will allow the Board to refresh itself in an orderly and progressive manner while retaining institutional memory. |
| 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 | Jan 1, 2003 |
| Does the AC have a minimum of 3 members (taking into account this cessation)? | Yes |
| Number of independent directors currently resident in Singapore (taking this account this cessation) | 3 |
| Number of cessations of appointments specified in Listing Rule 704(7) or Catalist Rule 704(6) over the past 12 months | 0 |
| Job Title | Independent Non-Executive Director, Remuneration Committee Chairman, Member of Audit and Risk Committee and Nominating Committee |
| Role and responsibilities | Fulfilling the responsibilities of Non-Executive Director |
| Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidaries | Nil |
| Shareholdings interest in the listed issuer and its subsidaries? | No |
| Other directorships | |
| Past (for the last 5 years) | Nil |
| Present | Beng Kim Holdings Pte. Ltd. Shipping Freight Booking Centr e Sendirian Berhad Choon Kim Investment Pte Ltd Choon Kim Property Pte Ltd Singapore Shippers' Academy Pte. Ltd. |
