Change - Announcement Of Cessation Of Lead Indepedent Director
BackDec 24, 2020
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Dec 24, 2020 16:26 |
| Status | New |
| Announcement Sub Title | ANNOUNCEMENT OF CESSATION OF LEAD INDEPEDENT DIRECTOR |
| Announcement Reference | SG201224OTHRDPT8 |
| Submitted By (Co./ Ind. Name) | Daryl Ong Toon Howe |
| Designation | General Counsel / Company Secretary |
| Description (Please provide a detailed description of the event in the box below) | Cessation of Lead Independent Director. |
| Additional Details | |
| Name Of Person | Philip Antony Jeyaretnam |
| Age | 56 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 31/12/2020 |
| Detailed Reason (s) for cessation | Mr Philip Antony Jeyaretnam has been appointed a Judicial Commissioner of the Supreme Court of Singapore and will step down as the Lead Independent Director, Chairman of the Remuneration Committee, member of the Audit Committee and member of the Nominating Committee of the Company. |
| 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 | 08/11/2017 |
| 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) | 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 (e.g. Lead ID, AC Chairman, AC Member etc.) | Lead Independent Director, Chairman of the Remuneration Committee, member of the Audit Committee and member of the Nominating Committee. |
| Role and responsibilities | Responsibilities as Lead Independent Director, Chairman of the Remuneration Committee, member of the Audit Committee and member of the Nominating Committee. |
| Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries | Nil |
| Shareholding interest in the listed issuer and its subsidiaries? | No |
| Past (for the last 5 years) | 1) DNLE Singapore Pte. Ltd. 2) Rodyk Services Private Limited |
| Present | 1) Maxwell Chambers Pte. Ltd. 2) Surbana Jurong Private Limited 3) Dentons Rodyk & Davidson LLP |