Change - Announcement Of Resignation Of Lead Independent Non-Executive Director And Chairman Of Audit Committee
BackOct 24, 2016
| Announcement Title | Change - Announcement of Cessation |
| Announcement Subtitle | Resignation of Lead Independent Non-Executive Director and Chairman of Audit Committee |
| Securities | STARHILL GLOBAL REIT (STARHILL) |
| Date & Time of Broadcast | Oct 24, 2016 17:48 |
| Submitted By | Lam Chee Kin Joint Company Secretary |
| Description | Resignation of Lead Independent Non-Executive Director and Chairman of Audit Committee |
| Cessation Details | |
| Name of person | Keith Tay Ah Kee |
| Age | 72 |
| Is effective date of cessation known? | Yes |
| Effective date for cessation | Nov 1, 2016 |
| Detailed reason(s) for cessation | Mr Tay has resigned to facilitate a progressive renewal of the Board in view of new regulations of The Monetary Authority of Singapore (to take effect no later than the first annual general meeting relating to financial years ending on or after 31 December 2016) that an independent director of the manager of a Real Estate Investment Trust should not have served for a continuous period of 9 years or longer. |
| 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 | Oct 1, 2007 |
| Does the AC have a minimum of 3 members (taking into account this cessation)? | Yes |
| Number of independent directors currently resident in Singapore (taking this account this cessation) | 2 |
| Number of cessations of appointments specified in Listing Rule 704(7) or Catalist Rule 704(6) over the past 12 months | 0 |
| Job Title | Lead Independent Non-Executive Director and Chairman of the Audit Committee |
| Role and responsibilities | Lead Independent Non-Executive Director and Chairman of the Audit Committee |
| Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidaries | Nil |
| Shareholdings interest in the listed issuer and its subsidaries? | Yes |
| Shareholding Details | 1,000,000 units in Starhill Global Real Estate Investment Trust |
| Other directorships | |
| Past (for the last 5 years) | Allgreen Properties Ltd SATS Limited and subsidiaries Singapore Institute of Directors Singapore International Chamber of Commerce Singapore Post Limited and related companies Singapore Reinsurance Corporation Ltd and subsidiary SP Power Assets Limited and related company Stirling Coleman Capital Limited |
| Present | Rotary Engineering Limited FJ Benjamin Holdings Ltd AMVIG Holdings Limited Stirling Coleman Private Limited and related companies Keith Tay Associates Pte Ltd MCCALLUM Pte Ltd |
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