Announcement Of Cessation As Independent Director Who Is An Audit Committee Member
BackFeb 19, 2010
| Resignation Details | |
| Name Of Person | Mr Lim How Teck |
| Age | 59 |
| Is Effective Date Of Cessation Known? | Yes |
| Effective Date Of Cessation | 19/02/2010 |
| Detailed Reason(s) for Cessation | Mr Lim has advised the Board that he is resigning in order to focus his attentions on his role on the board of the manager of another REIT. Whilst the Manager has appropriate corporate governance mechanisms in place to ensure that any potential conflicts of interest would be mitigated, Mr Lim believes that his resignation from his responsibilities to the Manager is necessary to avoid any public perception of a potential conflict. |
| 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 | 01/08/2007 |
| Job Title | Independent Director and Chairman of the Audit Committee |
| Role and Responsibilities | Mr Lim held the roles of Independent, Non-Executive Director and Chairman of the Audit Committee. |
| 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) | 1 |
| Number of Cessations of Appointments specified in Listing Rule 704(7) over the past 12 months | 6 |
| Shareholding in the listed issuer and its subsidiaries | None. |
| Family relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries | None. |
| Other Directorship | |
| Past Directorship (for the last five years) | To the best of our knowledge and based on the information available to us, as at the date hereof, Mr Lim's past directorships for the past five years are as follows: 3W Service Co. Ltd Active Figure Investment Ltd AIMS AMP Capital Industrial REIT Management Limited (formerly known as MacarthurCook Investment Managers (Asia) Limited) American Eagle Tankers Inc Ltd (Bermuda Branch) American President Lines Ltd American Automar Inc American Eagle Tankers Inc Ltd (Singapore Branch) APL (Bangladesh) Pte Ltd APL (India) Pte Ltd APL Bermuda Ltd APL Co. Pte Ltd APL. Logistics (China) Ltd APL Logistics Ltd APL Logistics Taiwan Ltd APLL-Zhiqin (Beijing) International Freight Forwarding Company Ltd Automar (Bermuda) Ltd Bara International Shipping Lines Co. Ltd Bara Shipping Agencies Co. Ltd Britannia Steamship Insurance Association Ltd Chao Phraya Port Services Co. Ltd FHTK Holdings Ltd First Logistics Development Joint Venture Co. Global Port & Terminal Services Ltd integra2000 Ltd ITSA Investment Company Pte Ltd Japan Industrial Property Pte. Ltd. Legend Import & Export Company Ltd M&C Business Trust Management Limited M&C REIT Management Limited Mermaid Maritime PCL Milky Way Shipping Inc Mitorient Enterprise Pte Ltd Mitorient Holdings Pte Ltd Neptune Associated Shipping Pte Ltd Neptune Beta Lines Ltd Neptune Delta Lines Pte Ltd Neptune Orient Lines Ltd Neptune Realty Management Pte Ltd Neptune Securities Pte Ltd Neptune ShipManagement Services Pte Ltd Neptune Sigma Pte Ltd UMS Holdings Limited (formerly known as Norelco UMS Holdings Limited) Orangestar Investment Holdings Pte. Ltd. Pacific King Shipping Holdings Pte Ltd Philips Resources Fund Special Purpose Company PSA Marine (Pte) Ltd PT APL Indonesia Ltd SP PowerGrid Limited Sequoia Capital/Master Fund Singapore Commodity Exchange Limited (SICOM) Thai International Ship Breakers Co. Ltd Titan Company Pte Ltd Tsui Ching Ltd |
| Present Directorship | To the best of our knowledge and based on the information available to us, as at the date hereof, Mr Lim's present directorships are as follows: The Foundation for Development Cooperation (Australia) Philips Resources Fund Special Purpose Company (Cayman Islands) Gold Prime Holdings Ltd (Hong Kong) The Foundation for development Cooperation (Pacific) (Fiji) ACAL Holdings Pte Ltd ACAL Underwriting Limited (UK) Accuron Technologies Limited Asian Marine Syndicate 1965 Pte Ltd ARA Asset Management Limited Certis CISCO Security Pte Ltd CISCO Recall Total Information Management Pte Ltd Eng Kong Holdings Ltd IFS Capital Ltd Jurong Port Pte Ltd Lasseters International Holdings Ltd PNG Sustainable Development Program Limited Redwood International pte Ltd Rickmers Trust Management Pte Ltd The Foundation for Development Cooperation (Singapore) Ltd. Tuas Power Ltd Tuas Power Generation Pte. Ltd. Mermaid Maritime Public Co Ltd |
| Other Notes | |
| Footnotes | Please see attached the accompanying announcement on Mr Lim How Teck's resignation. |
Attachments
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