Email This Print This

Announcement Of Cessation As Independent Director Who Is An Audit Committee Member

BackJun 28, 2010
Resignation Details
Name Of Person Prof Tan Teck Meng
Age 62
Is Effective Date Of Cessation Known? Yes
Effective Date Of Cessation 25/06/2010
Detailed Reason(s) for Cessation Prof Tan decided to step down as a Director with immediate effect, to spend more time with his family.
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 01/09/2002
Job Title Independent Non-Executive Director
Role and Responsibilities Chairman of Audit, Remuneration and Nominating Committees
Does the AC have a minimum of 3 members (taking into account this resignation)? No
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) over the past 12 months 0
Shareholding in the listed issuer and its subsidiaries 200,000 shares
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) China Auto Corporation Ltd
Oriental Century Limited
Present Directorship Singapore Reinsurance Corporation Ltd
Kim Eng Holdings Ltd
k1 Ventures Limited
Raffles Education Corporation Limited
Hyflux Ltd
First Capital Insurance Limited

Prof Tan is also Chairman of KK Women's & Children Hospital Medifund Committee.
Other Notes
Footnotes The Company expects to appoint an additional Independent Non-Executive Director, and announce the updated composition of the Board and Board Committees, by end-July 2010.