Change - Announcement of Cessation::Retirement of Independent Director
Issuer & Securities
MICRO-MECHANICS (HOLDINGS) LTD.
MICRO-MECHANICS (HOLDINGS) LTD - SG1O09910991 - 5DD
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
Retirement of Independent Director
Submitted By (Co./ Ind. Name)
Chow Kam Wing
Description (Please provide a detailed description of the event in the box below)
Retirement of Mr. Girija Prasad Pande as Independent DIrector.
Name Of Person
Girija Prasad Pande
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
Retirement by rotation at the Annual General Meeting pursuant to regulations 97 and 99(b) of the Constitution.
Mr Pande was appointed as director in September 2009. Having considered the nine-year rule relating to independent directors and the need for board renewal, Mr Pande informed the board of directors that he did not wish to seek re-election upon his retirement as director at the Annual General Meeting.
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?
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
If Yes, Please provide full details
Mr Kwan Yew Kwong Kenny will fill the position of Remuneration Committee Chairman vacated by Mr Girija Prasad Pande.
Any other relevant information to be provided to shareholders of the listed issuer?
Date of Appointment to current position
Does the AC have a minimum of 3 members (taking into account this cessation)?
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director, Chairman of Remuneration Committee, member of Audit Committee, Nominating Committee and Risk Management Committee
Role and responsibilities
Director - Non-Executive and Independent
Chairman - Remuneration Committee
Member - Audit Committee, Nominating Committee and Risk Management Committee
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Shareholding interest in the listed issuer and its subsidiaries?
Past (for the last 5 years)
Ascendas Property Fund Trustee Pte Ltd
MMH-Update on Board Composition.pdf
Total size =130K