Change - Announcement of Cessation::Retirement of Independent Non-Executive Director

Issuer & Securities

Issuer/ Manager
SINGAPORE SHIPPING CORPORATION LIMITED
Securities
SINGAPORE SHIPPING CORP LTD - SG1J24887775 - S19
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
27-Jul-2018 18:19:59
Status
New
Announcement Sub Title
Retirement of Independent Non-Executive Director
Announcement Reference
SG180727OTHRJ76E
Submitted By (Co./ Ind. Name)
Lee Li Huang
Designation
Chief Financial Officer and Company Secretary
Description (Please provide a detailed description of the event in the box below)
Retirement of Dr Stanley Lai Tze Chang as Independent Non-Executive Director who is the Chairman of Remuneration Committee and Member of the Audit and Risk Management Committee

Additional Details

Name Of Person
Stanley Lai Tze Chang
Age
50
Is effective date of cessation known?
Yes
If yes, please provide the date
27/07/2018
Detailed Reason (s) for cessation
Dr Stanley Lai Tze Chang ("Dr Stanley Lai") retired as Independent Non-Executive Director of the Company at the conclusion of the Annual General Meeting held on 27 July 2018 pursuant to Regulation 89 of the Constitution of the Company. Consequent to his retirement, Dr Stanley Lai ceased to be the Chairman of the Remuneration Committee and Member of the Audit and Risk Management Committee of the Company with effect from 27 July 2018.
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
30/07/2015
Does the AC have a minimum of 3 members (taking into account this cessation)?
No
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
2
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Non-Executive Director, Chairman of Remuneration Committee and Member of Audit and Risk Management Committee
Role and responsibilities
Assumed the roles and responsibilities of Independent Non-Executive Director, Chairman of Remuneration Committee and Member of Audit and Risk Management Committee of the Company
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)
Stamford Land Corporation Ltd
Present
Intellectual Property Office of Singapore
Singapore Technologies Engineering Ltd
Singapore Technologies Aerospace Ltd
Nanyang Technological University - NTUitive Pte Ltd
Haggai Institute for Advanced Leadership Training Limited
Changi Cove Pte Ltd