Announcement Of Cessation As Independent Director Who Is An Audit Committee Member
BackJan 12, 2012
| Resignation Details | |
| Name Of Person | LING CHUNG YEE ROY |
| Age | 34 |
| Is Effective Date Of Cessation Known? | Yes |
| Effective Date Of Cessation | 12/01/2012 |
| Detailed Reason(s) for Cessation | Mr Ling decided not to stand for re-election at the AGM held on 12 January 2012 |
| Is there any difference of opinion on material matters between the person and the Board of directors? | Yes |
| If yes, please elaborate | 1. SGX announcement dated 29 December 2011 was not approved by the Board prior to its release. Accordingly, I have not seen any, including the final, drafts of the SGX announcement. 2. The Remuneration Committee (RC) had approved the incentive bonus increase by a majority vote. I had raised concerns and was not in favor of the resolution. 3. Service agreements for Executive Directors in FY2011 have not been approved by the RC. |
| Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer? | Yes |
| If yes, please elaborate | please see above |
| Any other relevant information to be provided to shareholders of the listed issuer? | Yes |
| If yes, please elaborate | please see above |
| Date of Appointment to current position | 04/01/2010 |
| Job Title | Independent director, Chairman of Nominating Committee and member of Audit Committee and Remuneration Committee |
| Role and Responsibilities | Independent director, Chairman of Nominating Committee and member of Audit Committee and Remuneration Committee |
| Does the AC have a minimum of 3 members (taking into account this resignation)? | No |
| 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 | 2 |
| 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 |
| Other Directorship | |
| Past Directorship (for the last five years) | Asia Water Technology Limited, Independent Director CFA Society Of Japan, Board Director & Public Awareness Committee Chairman Asia Pacific Real Estate Association, PR & Events Committee |
| Present Directorship | Vingroup JSC, Independent Director Asia Pacific Real Estate Association, Academic Committee |