Announcement Of Cessation As Independent Director Who Is An Audit Committee Member
BackJan 22, 2009
| Resignation Details | |
| Name Of Person | OOI SENG SOON |
| Age | 59 |
| Is Effective Date Of Cessation Known? | Yes |
| Effective Date Of Cessation | 22/01/2009 |
| Detailed Reason(s) for Cessation | MR OOI SENG SOON RETIRED AS DIRECTOR AT THE AGM AND HE DID NOT STAND FOR RE-ELECTION. |
| 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 | 01/02/2002 |
| Job Title | NOMINATING COMMITTEE CHAIRMAN AND AUDIT COMMITTEE MEMBER |
| Role and Responsibilities | AS A NOMINATING COMMITTEEE CHAIRMAN, MR OOI ASSESSES THE EFFECTIVENESS OF THE BOARD AS A WHOLE AND THE CONTRIBUTION BY EACH DIRECTOR TO THE EFFECTIVENESS OF THE BOARD ON AN ANNUAL BASIS. AS A MEMBER OF THE AUDIT COMMITTEE, HIS RESPONSIBILITIES INCLUDE THE FOLLOWING: - REVIEWS WITH THE EXTERNAL AUDITORS THE AUDIT PLAN AND AUDIT REPORT ON EVALUATION OF THE SYSTEM OF INTERNAL CONTROLS AND TO MONITOR MANAGEMENT'S RESPONSE AND ACTIONS TO CORRECT ANY NOTED DEFICIENCIES; - DETERMINES THAT NO RESTRICTIONS ARE BEING PLACED BY MANAGEMENT UPON THE WORK OF EXTERNAL AUDITORS; - REVIEWS THE FINANCIAL STATEMENTS OF THE COMPANY AND THE CONSOLIDATED FINANCIAL STATEMENTS AS WELL AS THE AUDITORS' REPORT THEREON; - REVIEWS THE APPROPRIATENESS OF QUARTERLY, HALF YEAR AND FULL YEAR ANNOUNCEMENTS PRIOR TO SUBMISSION TO THE BOARD FOR ADOPTION AND RELEASE; - REVIEWS INTERESTED PARTY TRANSACTIONS; - EVALUATES THE INDEPENDENCE OF EXTERNAL AUDITORS AND NOMINATES THEM FOR RE-APPOINTMENT. |
| 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 | 0 |
| Interest in the listed issuer and its subsidiaries | MR OOI IS DEEMED INTERESTED IN 37,333 SHARES IN THE COMPANY HELD BY HIS WIFE, TAN PUAY HONG. |
| Family relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries | NONE |
| Other Directorship | |
| Past Directorship (for the last five years) | HE WAS AN INDEPENDENT DIRECTOR AT NH CERAMICS LIMITED FOR THE LAST 5 YEARS. |
| Present Directorship | HE IS CURRENTLY STILL AN INDEPENDENT DIRECTOR AT NH CERAMICS LIMITED. |