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Announcement Of Cessation As Independent Director Who Is An Audit Committee Member
BackApr 29, 2013
| Resignation Details | |
| Name Of Person | Low Teck Seng |
| Age | 58 |
| Is Effective Date Of Cessation Known? | Yes |
| Effective Date Of Cessation | 29/04/2013 |
| Detailed Reason(s) for Cessation | Retire by rotation under Article 103 of the Articles of Association of the Company. Prof. Low Teck Seng has served the Board for more than nine years and decided to step down after taken into consideration Guideline 2.4 of the 2012 Code which provides that the independence of any Director who has served the Board beyond nine years from the date of his first appointment should be subject to particularly rigorous review. |
| Is there any difference of opinion on material matters between the person and the Board of directors? | No |
| If yes, please elaborate | NA |
| 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 |
| If yes, please elaborate | NA |
| Any other relevant information to be provided to shareholders of the listed issuer? | No |
| If yes, please elaborate | NA |
| Date of Appointment to current position | 05/03/2004 |
| Job Title | Independent Diector, AC Chairman, Member of NC and RC |
| Role and Responsibilities | Non-executive, AC Chairman and Member of NC and RC |
| Does the AC have a minimum of 3 members (taking into account this resignation)? | 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) over the past 12 months | Nil |
| Shareholding in the listed issuer and its subsidiaries | Direct Interest - 100,000 shares Deemed Interest - 120,000 shares |
| Family relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries | NA |
| Other Directorship | |
| Past Directorship (for the last five years) | Please see attached |
| Present Directorship | Please see attached |
Attachments
- Attachment 1 (Size: 9,632 bytes)
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