Announcement Of Appointment Of Independent Director Who Is An Audit Committee Member
19 June 2012
| Appointment Details | ||
| Date of Appointment | 26/06/2012 | |
| Name | Mr. Joachim Toh Wen Keong | |
| Age | 47 | |
| Country of principal residence | Singapore | |
| The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process) | The Nomination Committee, having considered Mr. Toh's qualifications, experience and expertise in the investment and asset management field, made a recommendation to the Board of Directors that his appointment is suitable for the benefit to the Company and the shareholders. The Board, having considered the matter, endorsed the recommendation of the Nomination Committee and will be appointing Mr. Toh as an Independent Director. Mr. Toh will also serve as a member of the Audit Committee. | |
| Whether appointment is executive, and if so, area of responsibility | This is a non-executive appointment. | |
| Job Title | Independent Director and a Member of Audit Committee. | |
| Working experience and occupation(s) during the past 10 years | May 2008 - Present Deputy Chief Investment Officer National University of Singapore (Investment Office) Singapore August 2005 - May 2008 Executive Vice President and Head of Investment Management Great Eastern Holdings Ltd. (GEH) Singapore April 1999 - August 2005 Head of Investment Management Great Eastern Holdings Ltd. (GEH) Seconded as: Head of Insurance Asset Management Straits Lion Asset Management Pte. Ltd. (GEH subsidiary) Singapore |
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| Shareholding in the listed issuer and its subsidiaries | None. | |
| Family relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries | None. | |
| Conflict of interest | None. | |
| Other Directorship | ||
| Past (for the last five years) | Alpha Financials Advisers Private Limited Lion Fairfield Capital Management Limited Tincel Properties (Private) Limited |
|
| Present | None. | |
| Information required pursuant to Listing Rule 704(7)(h) | ||
| a. | Whether at any time during the last 10 years, a petition under any bankruptcy laws of any jurisdiction was filed against him or against a partnership of which he was a partner? | No |
| b. | Whether at any time during the last 10 years a petition under any law of any jurisdiction was filed against a corporation of which he was a director or key executive for the winding up of that corporation on the ground of insolvency? | No |
| c. | Whether there is any unsatisfied judgement against him? | No |
| d. | Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving fraud or dishonesty which is punishable with imprisonment for 3 months or more, or has been the subject of any criminal proceedings (including any pending criminal proceedings which he is aware of) for such purpose? | No |
| e. | Whether he has ever been convicted of any offence, in Singapore or elsewhere involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or been the subject of any criminal proceedings (including any pending criminal proceedings which he is aware of) for such breach? | No |
| f. | Whether at any time during the last 10 years, judgement has been entered against him in any civil proceedings in Singapore or elsewhere involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or a finding of fraud, misinterpretation or dishonesty on his part, or he has been the subject of any civil proceedings (including any pending civil proceedings which he is aware of involving an allegation of fraud, misinterpretation or dishonesty on his part)? | No |
| g. | Whether he has ever been convicted in Singapore or elsewhere of any offence in connection with the formation or management of any corporation? | No |
| h. | Whether he has ever been disqualified from acting as a director of any corporation, or from taking part directly or indirectly in the management of any corporation? | No |
| i. | Whether he has ever been the subject of any order, judgement or ruling of any court, tribunal or governmental body, permanently or temporarily enjoining him from engaging in any type of business practice or activity? | No |
| j. | Whether he has ever, to his knowledge, been concerned with the management or conduct, in Singapore or elsewhere, of the affairs of :- | |
| (i) any corporation which has been investigated for a breach of any law or regulatory requirement governing corporations in Singapore or elsewhere; or | No | |
| (ii) any entity (not being a corporation) which has been investigated for a breach of any law or regulatory requirement governing such entities in Singapore or elsewhere; or | No | |
| (iii) any business trust which has been investigated for a breach of any law or regulatory requirement governing business trusts in Singapore or elsewhere; or | No | |
| (iv) any entity or business trust which has been investigated for a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, | No | |
| in connection with any matter occurring or arising during that period when he was so concerned with the entity or business trust? | ||
| k. | Whether he has been the subject of any current or past investigation or disciplinary proceedings, or has been reprimanded or issued any warning, by the Monetary Authority of Singapore or any other regulatory authority, exchange, professional body or government agency, whether in Singapore or elsewhere? | No |
| Information required pursuant to Listing Rule 704(7)(i) | ||
| Any prior experience as a director of a listed company? | No | |
| If yes, please provide details of prior experience. | Mr. Toh intends to undertake appropriate training to familiarize himself with the duties, roles and responsibilities of a director of a public limited company listed in Singapore. |
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| Other Notes | ||
| Footnotes | Mr Joachim Toh's appointment is subject to the approval of his employer, the National University of Singapore, pursuant to its policies and procedures. Mr Toh is currently seeking such approval and has expressed confidence that such approval will be forthcoming. |