16 Aug 2013
Announcement Of Appointment Of Independent Director
| Appointment Details | ||
| Date of Appointment | 16/08/2013 | |
| Name | Shabbir s/o Hakimuddin Hassanbhai | |
| Age | 66 | |
| Country of principal residence | Singapore | |
| The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process) | The Board, having considered the Nominating Committee's recommendation and assessment of Mr Shabbir s/o Hakimuddin Hassanbhai's independence pursuant to the Code of Corporate Governance 2012, experience and credentials, is of the view that he has the requisite experience and capability to assume the role of an Independent Director of the Company. | |
| Whether appointment is executive, and if so, area of responsibility | Non-Executive - Independent | |
| Job Title | Independent Director | |
| Working experience and occupation(s) during the past 10 years | From September 1970 to Current Director (Finance & Investment), Indo Straits Trading Co (Pte) Ltd & related companies, Singapore; From June 1995 to Current Independent Director, Gateway Distriparks Limited and group of companies, India; From September 1999 to Current Director, Al Badawi General Trading LLC, United Arab Emirates From 2007 to Current Singapore's Non-Resident High Commissioner to the Federal Republic of Nigeria, Ministry of Foreign Affairs |
|
| Interest 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 | |
| Conflict of interest | None | |
| Other Directorship | ||
| Past (for the last five years) | From 1993 to 2009 Parameswara Holdings Limited, Singapore; From 1996 to 2009 First Capital Property Ventures Pte Ltd, Singapore; From 1998 to 2009 IT Services Co-Operative Ltd, Singapore; From 2007 to 2010 The Indus Entrepreneurs Singapore Limited, Singapore; From 1996 to 2009 Gurgaon Technology Park Limited, India; From 2004 to 2009 SARA Fund Trustee Company Ltd, India. |
|
| Present | Please refer to Annex A | |
| Information required pursuant to Listing Rule 704(7)(h) | ||
| a. | Whether at any time during the last 10 years, a petition under any bankruptcy laws of any jurisdiction was filed against him or against a partnership of which he was a partner? | No |
| b. | Whether at any time during the last 10 years a petition under any law of any jurisdiction was filed against a corporation of which he was a director or key executive for the winding up of that corporation on the ground of insolvency? | No |
| c. | Whether there is any unsatisfied judgement against him? | No |
| d. | Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving fraud or dishonesty which is punishable with imprisonment for 3 months or more, or has been the subject of any criminal proceedings (including any pending criminal proceedings which he is aware of) for such purpose? | No |
| e. | Whether he has ever been convicted of any offence, in Singapore or elsewhere involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or been the subject of any criminal proceedings (including any pending criminal proceedings which he is aware of) for such breach? | No |
| f. | Whether at any time during the last 10 years, judgement has been entered against him in any civil proceedings in Singapore or elsewhere involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or a finding of fraud, misinterpretation or dishonesty on his part, or he has been the subject of any civil proceedings (including any pending civil proceedings which he is aware of involving an allegation of fraud, misinterpretation or dishonesty on his part)? | No |
| g. | Whether he has ever been convicted in Singapore or elsewhere of any offence in connection with the formation or management of any corporation? | No |
| h. | Whether he has ever been disqualified from acting as a director of any corporation, or from taking part directly or indirectly in the management of any corporation? | No |
| i. | Whether he has ever been the subject of any order, judgement or ruling of any court, tribunal or governmental body, permanently or temporarily enjoining him from engaging in any type of business practice or activity? | No |
| j. | Whether he has ever, to his knowledge, been concerned with the management or conduct, in Singapore or elsewhere, of the affairs of :- | |
| (i) any corporation which has been investigated for a breach of any law or regulatory requirement governing corporations in Singapore or elsewhere; or | No |
|
| (ii) any entity (not being a corporation) which has been investigated for a breach of any law or regulatory requirement governing such entities in Singapore or elsewhere; or | No |
|
| (iii) any business trust which has been investigated for a breach of any law or regulatory requirement governing business trusts in Singapore or elsewhere; or | No |
|
| (iv) any entity or business trust which has been investigated for a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, | No |
|
| in connection with any matter occurring or arising during that period when he was so concerned with the entity or business trust? | ||
| k. | Whether he has been the subject of any current or past investigation or disciplinary proceedings, or has been reprimanded or issued any warning, by the Monetary Authority of Singapore or any other regulatory authority, exchange, professional body or government agency, whether in Singapore or elsewhere? | No |
| Information required pursuant to Listing Rule 704(7)(i) | ||
| Any prior experience as a director of a listed company? | Yes | |
| If yes, please provide details of prior experience. | Mr Hassanbhai is an Independent Director of Gateway Distriparks Limited (from1995 to current), which is listed on The Indian Stock Exchanges- Bombay Stock Exchange/National Stock Exchange of India. |
|