Change - Announcement Of Appointment Of Non-Executive Lead Independent Director
BackDec 01, 2017
| Announcement Title | Change - Announcement of Appointment |
| Date & Time of Broadcast | Dec 1, 2017 17:11 |
| Status | New |
| Announcement Sub Title | Appointment of Non-Executive Lead Independent Director |
| Announcement Reference | SG171201OTHRRTAM |
| 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 Lead Independent Director |
| Additional Details | |
| Date Of Appointment | 01/01/2018 |
| Name Of Person | Tan Bong Lin |
| Age | 61 |
| 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 Tan's appointment as a Non-Executive Independent Director based on an assessment of his qualification, experience and independence and is satisfied that Mr Tan 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 Lead Independent Director |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Lead Independent 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 subsidiaries | None |
| Conflict of interests (including any competing business) | None |
| Working experience and occupation(s) during the past 10 years | Mr Tan Bong Lin is a Non-Executive Independent Director of APAC Realty Limited and was formerly an Independent Director and Chairman of the Audit Committee of Parkway Life REIT (both of which are listed on the Mainboard of SGX-ST) from 2007 to 2016. He was with Citigroup Global Markets Singapore from 1990 to 2007, his last held position being Managing Director, and was also a Member of the Finance Committee of the Singapore Broadcasting Authority from 1997 to 2002. Mr Tan holds a Bachelor of Accountancy from the University of Singapore. |
| 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 |
| # These fields are not applicable for announcements of appointments pursuant to Listing Rule 704 (9) or Catalist Rule 704 (8). | |
| Past (for the last 5 years) | 5 July 2007 to 21 October 2016 - Parkway Trust Management Limited, manager of Parkway Life REIT |
| Present | 4 September 2017 to present - APAC Realty Limited |
| (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 |
| (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, 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 Tan is currently appointed on the Board of APAC Realty Limited, which is listed on the Mainboard of the Singapore Exchange. He also previously served as Independent Director of Parkway Trust Management Limited, manager of Parkway Life REIT from 2007 to 2016. |
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