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Change - Announcement Of Retirement Of Independent Director
BackApr 26, 2019
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Apr 26, 2019 17:03 |
| Status | New |
| Announcement Sub Title | Retirement of Independent Director |
| Announcement Reference | SG190426OTHRJ34V |
| Submitted By (Co./ Ind. Name) | Lim Kai Ching |
| Designation | Group CFO |
| Effective Date and Time of the event | 26/04/2019 17:00:00 |
| Description (Please provide a detailed description of the event in the box below) | Mr. Rajan Menon retired as Independent Non-Executive Director of the Company with effect from 26 April 2019 at the conclusion of the Company's Annual General Meeting. Concurrently, Mr. Menon ceased to be the Chairman of Remuneration Committee, Member of Audit Committee and Member of Nominating Committee. |
| Additional Details | |
| Name Of Person | Rajan Menon |
| Age | 70 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 26/04/2019 |
| Detailed Reason (s) for cessation | Mr. Rajan Menon retired as Independent Non-Executive Director of the Company with effect from 26 April 2019 at the conclusion of the Company's Annual General Meeting. Concurrently, Mr. Menon ceased to be the Chairman of Remuneration Committee, Member of Audit Committee and Member of Nominating Committee. |
| 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 | 18/04/2008 |
| 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 | 1 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Chairman of Remuneration Committee, Member of Audit Committee and Member of Nominating Committee. |
| Role and responsibilities | As above. |
| Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries | None. |
| Shareholding interest in the listed issuer and its subsidiaries? | No |
| Past (for the last 5 years) | - |
| Present | - |