Change - Announcement of Appointment::Appointment of Independent Non-Executive Director

Issuer & Securities

Issuer/ Manager
SATS LTD.
Securities
SATS LTD. - SG1I52882764 - S58
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
16-Nov-2020 23:47:48
Status
New
Announcement Sub Title
Appointment of Independent Non-Executive Director
Announcement Reference
SG201116OTHRHEHS
Submitted By (Co./ Ind. Name)
Low Siew Tian
Designation
Assistant Company Secretary
Description (Please provide a detailed description of the event in the box below)
Appointment of Mrs. Deborah Ong as an Independent Non-Executive Director of SATS Ltd.

Additional Details

Date Of Appointment
16/11/2020
Name Of Person
Ms. Deborah Tan Yang Sock (Mrs. Deborah Ong)
Age
61
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
Mrs Ong recently retired as a Partner with PricewaterhouseCoopers LLP. She has over 30 years of public accounting experience, providing audit & advisory services to clients in various industries. She has a proven record in managing audits of large listed clients involving overseas PwC firms.

She has vast international exposure with her role as International Team Leader in the Global Assurance Quality-Inspections Group of PwC. She helmed the Human Capital function for PwC Singapore from 2002 to 2012. During her tenure as HC Leader, PwC saw significant shifts in managing the people agenda.

She chairs the Audit & Risk Committees of Lee Kong Chian School of Medicine Governing Board at NTU, Council for Estate Agencies, Workforce Singapore & SkillsFuture Singapore. She is Deputy Chair of Ngee Ann Polytechnic Council & AC Chair. She is appointed to the Legal Service Commission and Board of Visitors of Drug Rehabilitation Centres & Anti-inhalant Abuse Centres. She was formerly the Chair of the Audit & Risk Committee of Singapore Tourism Board & Deputy Chair of National Parks Board.

With over 30 years of public accounting experience, providing audit and advisory services to clients in various industries, her wealth of experience will enhance and complement the competencies and skills of the present Board. The Board approved Mrs Ong's appointment as an Independent Non-Executive Director after having considered the NC's recommendation and having reviewed her experience and skillset.
Whether appointment is executive, and if so, the area of responsibility
Non-Executive
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Non-Executive Director
Professional qualifications
Bachelor of Accountancy (Honours), National University of Singapore
Any relationship (including immediate family relationships) with any existing director, existing executive officer, the issuer and/ or substantial shareholder of the listed issuer or any of its principal subsidiaries
NIL
Conflict of interests (including any competing business)
NIL
Working experience and occupation(s) during the past 10 years
1993 to 31 October 2020 - Partner, PricewaterhouseCoopers LLP, Singapore
Undertaking submitted to the listed issuer in the form of Appendix 7.7 (Listing Rule 704(7)) Or Appendix 7H (Catalist Rule 704(6))
Yes
Shareholding interest in the listed issuer and its subsidiaries?
No
# These fields are not applicable for announcements of appointments pursuant to Listing Rule 704 (9) or Catalist Rule 704 (8).
Past (for the last 5 years)
1993 to 31 October 2020 - Partner, PricewaterhouseCoopers LLP, Singapore

1 August 2010 to 31 December 2015 - Deputy Chairperson, National Parks Board

1 November 2011 to 31 December 2016 - Board member, Singapore Tourism Board

1 October 2013 to 16 June 2017 - Board member, CPA Australia
Present
1 April 2012 to present - Deputy Chairperson, Ngee Ann Polytechnic

1 January 2013 to present - Board member, Lee Kong Chian School of Medicine Governing Board at Nanyang Technological University

1 August 2015 to present - Council member, Council for Estate Agencies

4 October 2016 to present - Board member, Workforce Singapore

1 October 2019 to present - Board member, SkillsFuture Singapore

1 November 2019 to present - Member, Legal Service Commission
(a) Whether at any time during the last 10 years, an application or a petition under any bankruptcy law of any jurisdiction was filed against him or against a partnership of which he was a partner at the time when he was a partner or at any time within 2 years from the date he ceased to be a partner?
No
(b) Whether at any time during the last 10 years, an application or a petition under any law of any jurisdiction was filed against an entity (not being a partnership) of which he was a director or an equivalent person or a key executive, at the time when he was a director or an equivalent person or a key executive of that entity or at any time within 2 years from the date he ceased to be a director or an equivalent person or a key executive of that entity, for the winding up or dissolution of that entity or, where that entity is the trustee of a business trust, that business trust, on the ground of insolvency?
No
(c) Whether there is any unsatisfied judgment 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, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) 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 has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such breach?
No
(f) Whether at any time during the last 10 years, judgment 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, misrepresentation or dishonesty on his part, or he has been the subject of any civil proceedings (including any pending civil proceedings of which he is aware) involving an allegation of fraud, misrepresentation 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 entity or business trust?
No
(h) Whether he has ever been disqualified from acting as a director or an equivalent person of any entity (including the trustee of a business trust), or from taking part directly or indirectly in the management of any entity or business trust?
No
(i) Whether he has ever been the subject of any order, judgment 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, in connection with any matter occurring or arising during that period when he was so concerned with the entity or business trust?
No
(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
Any prior experience as a director of an issuer listed on the Exchange?
No
If no, please state if the director has attended or will be attending training on the roles and responsibilities of a director of a listed issuer as prescribed by the Exchange
Mrs. Ong will attend the prescribed training within one year from the date of her appointment to the Board.
Please provide details of relevant experience and the nominating committee's reasons for not requiring the director to undergo training as prescribed by the Exchange (if applicable)
NA