Change - Announcement Of Cessation :: Resignation Of Non-Executive Lead Independent Director
BackMar 31, 2017
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Mar 31, 2017 8:29 |
| Status | New |
| Announcement Sub Title | RESIGNATION OF NON-EXECUTIVE LEAD INDEPENDENT DIRECTOR |
| Announcement Reference | SG170331OTHRSJDP |
| Submitted By (Co./ Ind. Name) | REGINA YAP |
| Designation | COMPANY SECRETARY |
| Description (Please provide a detailed description of the event in the box below) | Resignation of Mr Tan Kai Seng as Non-Executive, Lead Independent Director, Chairman of the Audit, Risk and Compliance Committee and member of the Nominating and Remuneration Committee. |
| Additional Details | |
| Name Of Person | Tan Kai Seng |
| Age | 65 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 31/03/2017 |
| Detailed Reason (s) for cessation | Mr Tan Kai Seng has served on the board of AIMS AMP Capital Industrial REIT Management Limited (the "Board") as a Non-Executive, Independent Director for a continuous period of nine years or longer and has been a member of the Nominating and Remuneration Committee since its establishment in June 2016. He was also appointed as Chairman of the Audit, Risk and Compliance Committee on 19 February 2010. For compliance with regulatory requirements, including the guidelines issued by the Monetary Authority of Singapore on board independence, Mr Tan has stepped down from the positions he holds on the Board and the Board Committees with immediate effect. |
| 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 | 01/12/2006 |
| 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) | 3 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Non-Executive, Lead Independent Director, Chairman of the Audit, Risk and Compliance Committee and member of the Nominating and Remuneration Committee |
| Role and responsibilities | Non-Executive, Lead Independent Director, Chairman of the Audit, Risk and Compliance Committee and member of the Nominating and Remuneration Committee |
| Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries | None |
| Shareholding interest in the listed issuer and its subsidiaries? | No |
| Past (for the last 5 years) | Please refer to Appendix 1 |
| Present | Please refer to Appendix 1 |
Attachments
Attachment 1 (Size: 10,336 bytes)