Change - Announcement Of Appointment Of Non-Executive Independent Director
BackDec 01, 2016
| Announcement Title | Change - Announcement of Appointment |
| Date & Time of Broadcast | Dec 1, 2016 17:54 |
| Status | New |
| Announcement Sub Title | Appointment of Non-executive Independent Director |
| Announcement Reference | SG161201OTHRXSM5 |
| Submitted By (Co./ Ind. Name) | Lam Chee Kin |
| Designation | Joint Company Secretary |
| Description (Please provide a detailed description of the event in the box below) | Appointment of Non-executive Independent Director |
| Additional Details | |
| Date Of Appointment | 01/01/2017 |
| Name Of Person | Lim Kok Hoong |
| Age | 69 |
| Country Of Principal Residence | Singapore |
| The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process) | The Board has approved Mr Lim's appointment as a Non-Executive Independent Director based on an assessment of his qualification, experience and independence and is satisfied that Mr Lim will be able to contribute to the Company and Starhill Global REIT. |
| Whether appointment is executive, and if so, the area of responsibility | Non-executive Independent Director |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | From 1 Jan 2017: Non-executive Independent Director, Audit Committee member From 1 Feb 2017: Lead Independent Director, Audit Committee Chairman |
| Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries | None |
| Conflict of interests (including any competing business) | None |
| Working experience and occupation(s) during the past 10 years | Mr. Lim has over 33 years of audit and financial consulting experience and was responsible for the audits of statutory boards and some of the largest multinational corporations in Singapore, Indonesia and Malaysia. Mr. Lim served as a Senior Partner of Ernst & Young Singapore from 2002 to 2003. Mr. Lim started his career with Arthur Andersen in 1971 and served as the Managing Partner of Arthur Andersen Singapore from 1990 to 2002 and as Regional Managing Partner for the ASEAN region in Arthur Andersen from 2000 to 2002. Mr. Lim is also Chairman of the Board and a member of the Audit Committee at Parkway Trust Management Limited (manager of Parkway Life REIT) and Sabana Real Estate Investment Management Pte Ltd (manager of Sabana Shari'ah Compliant REIT). He is also an Independent Director and Audit Committee Chairman of Genting Singapore PLC and Global Logistic Properties Ltd. Mr. Lim's past appointments include directorships at Genting Integrated Resorts Operations Management Pte Ltd, Hoe Leong Corporation Ltd, Amtek Engineering Ltd. and Singapore Tourism Board. Mr. Lim is a member of the Institute of Singapore Chartered Accountants and the Institute of Chartered Accountants in Australia. Mr. Lim graduated with a Bachelor of Commerce degree from the University of Western Australia in 1971. For the past 10 years, Mr Lim has been appointed as non-executive Independent Director in various listed and non-listed entities. |
| Undertaking submitted to the listed issuer in the form of Appendix 7.7 (Listing Rule 704(7)) Or Appendix 7H (Catalist Rule 704(6)) | Yes |
| Shareholding interest in the listed issuer and its subsidiaries? | No |
| Past (for the last 5 years) | 09/2005 to 10/2014 - Hoe Leong Corporation Ltd (independent non-executive director, Chairman of Audit Committee, Member of Remuneration Committee) 11/2010 to 05/2015 - Amtek Engineering Ltd (independent non-executive director, Chairman of Audit Committee & Member of Remuneration Committee) 09/2010 to 12/2014 - Timberlay SA (independent non-executive director) 04/2010 to 12/2014 - Olura Services Sarl (independent non-executive director) 08/2008 to 12/2014 - Lami Ltd (independent non-executive director) 06/2008 to 12/2014 - Thala SA (independent non-executive director) 07/08 to 11/2012 - Genting Integrated Resorts Operations Management Pte Ltd (Non-executive independent director) 01/2007 to 12/2012 Singapore Tourism Board (Non-executive independent director and Chairman of Audit Committee) |
| Present | Global Logistic Properties Ltd (Independent non-executive director, Chairman of Audit & Risk Committees & Member of Compensation Committee) Genting Singapore PLC (Independent non-executive director, Chairman of Audit & Risk Committee & Member of Remuneration and Nominating Committee) Parkway Trust Management Limited (Independent non-executive director, Chairman of the Board of Directors and Member of the Audit Committee) Sabana Real Estate Investment Management Pte Ltd (Independent non-executive director, Chairman of the Board of Directors and Member of the Audit Committee and Nominating and Remuneration Committee) Agency for Science, Technology and Research (Member of the Audit Committee) Marchwood Laboratory Services Pte Ltd (non-executive director & shareholder) Grande Rue Investment Holdings Pte Ltd (non-executive director & shareholder) Visionary Investment Holdings Pte Ltd (non-executive director & shareholder) YSL Starville Investment Holdings Pte Ltd (non-executive director & shareholder) B2C Network Pte Ltd (non-executive director & shareholder) |
| (a) Whether at any time during the last 10 years, an application or a petition under any bankruptcy law of any jurisdiction was filed against him or against a partnership of which he was a partner at the time when he was a partner or at any time within 2 years from the date he ceased to be a partner? | No |
| (b) Whether at any time during the last 10 years, an application or a petition under any law of any jurisdiction was filed against an entity (not being a partnership) of which he was a director or an equivalent person or a key executive, at the time when he was a director or an equivalent person or a key executive of that entity or at any time within 2 years from the date he ceased to be a director or an equivalent person or a key executive of that entity, for the winding up or dissolution of that entity or, where that entity is the trustee of a business trust, that business trust, on the ground of insolvency? | No |
| (c) Whether there is any unsatisfied judgment 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, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) 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 has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such breach? | No |
| (f) Whether at any time during the last 10 years, judgment 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, misrepresentation or dishonesty on his part, or he has been the subject of any civil proceedings (including any pending civil proceedings of which he is aware) involving an allegation of fraud, misrepresentation 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 entity or business trust? | No |
| (h) Whether he has ever been disqualified from acting as a director or an equivalent person of any entity (including the trustee of a business trust), or from taking part directly or indirectly in the management of any entity or business trust? | No |
| (i) Whether he has ever been the subject of any order, judgment 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 |
| (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, in connection with any matter occurring or arising during that period when he was so concerned with the entity or business trust? | No |
| (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 |
| Any prior experience as a director of a listed company? | Yes |
| If Yes, Please provide details of prior experience | Mr Lim is currently appointed on the Boards of Global Logistic Properties Ltd, Genting Singapore Plc and the managers of Parkway Life REIT and Sabana Shari'ah Compliant REIT, which are listed on the Singapore Exchange. |
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