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Change - Announcement Of Retirement Of Independent Non-Executive Director
BackJan 13, 2017
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Jan 13, 2017 17:14 |
| Status | New |
| Announcement Sub Title | Announcement of Retirement of Independent Non-Executive Director |
| Announcement Reference | SG170113OTHRG63G |
| Submitted By (Co./ Ind. Name) | Shane Hagan |
| Designation | Acting CEO |
| Effective Date and Time of the event | 16/01/2017 00:00:00 |
| Description (Please provide a detailed description of the event in the box below) | Retirement of Mr Tan Guong Ching, Independent Non-Executive Director of Cambridge Industrial Trust Management Limited. |
| Additional Details | |
| Name Of Person | Tan Guong Ching |
| Age | 70 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 15/01/2017 |
| Detailed Reason (s) for cessation | For reasons of succession planning and compliance with regulatory requirements, Mr Tan Guong Ching will be retiring from the Board and the various committees with effect from 15 January 2017. |
| 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 | 28/10/2008 |
| Does the AC have a minimum of 3 members (taking into account this cessation)? | Yes |
| 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) or Catalist Rule 704 (6) over the past 12 months | 4 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Independent Non-Executive Director |
| Role and responsibilities | Member of the Board of CITM, member of Audit, Risk and Compliance Committee, member of Budget and Finance Committee and Chairman of Nominating and Remuneration Committee. |
| Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries | Nil |
| Shareholding interest in the listed issuer and its subsidiaries? | No |
| Past (for the last 5 years) | - Petris Global Limited - Temasek Life Science Ventures Private Limited - Temasek Life Science Laboratory Limited - Joil (S) Pte Ltd - IP Academy - Emerald Communications (Cayman) SPC - Singapore Pools (Private) Limited - StarHub Ltd - Singapore Technologies Aerospace Ltd |
| Present | - Singapore Technologies Telemedia Pte Ltd - STT Communications Ltd - Frasers Centrepoint Asset Management (Commercial) Ltd - Asia Mobile Holding Company Pte Ltd - Asia Mobile Holdings Pte Ltd - Singapore Shipping Corporation Limited - Cambridge Industrial Trust Management Limited - Cambridge-MTN Pte Ltd - Singapore Millennium Foundation Limited - Cambridge SPV2 Pte. Ltd. - STT GDC Pte. Ltd. |