Announcement Of Cessation As Non-Executive Director
BackNov 30, 2012
| Resignation Details | |
| Name Of Person | Ngiam Tong Dow |
| Age | 75 |
| Is Effective Date Of Cessation Known? | Yes |
| Effective Date Of Cessation | 30/11/2012 |
| Detailed Reason(s) for Cessation | Mr Ngiam has decided to retire and not seek re-election at the Annual General Meeting of the Company on 30 November 2012. |
| 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 | 15/03/2001 |
| Job Title | Chairman, Remuneration Committee |
| Role and Responsibilities | Mr Ngiam assumed the role of the Chairman of the Remuneration Committee. |
| 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) | 10 |
| 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 | Ordinary Shares: Direct: Nil Indirect: 30,000 Management Shares: 4 |
| Family relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries | Nil |
| Other Directorship | |
| Past Directorship (for the last five years) | 1) United Overseas Bank Ltd 2) Far Eastern Bank Ltd |
| Present Directorship | 1) Yeo Hiap Seng Ltd 2) International Medical Insurers Pte Ltd 3) Precious Treasure Pte Ltd 4) Precious Land Pte Ltd 5) Majulah Connection Ltd |