Change - Announcement of Appointment::Appointment of Executive Director

Issuer & Securities

Issuer/ Manager
AURIC PACIFIC GROUP LIMITED
Securities
AURIC PACIFIC GROUP LIMITED - SG1B49001004 - A23
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
31-Oct-2014 17:37:23
Status
New
Announcement Sub Title
Appointment of Executive Director
Announcement Reference
SG141031OTHR7RSP
Submitted By (Co./ Ind. Name)
Tan T'eng Ta' Benedict
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Appointment of Executive Director

Additional Details

Date Of Appointment
01/11/2014
Name Of Person
Dr Andy Adhiwana
Age
29
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
The Board of Directors, with the assistance of the Nomination Committee, have reviewed the nomination of Dr Andy Adhiwana in accordance with the nomination framework adopted by the Board, and following the endorsement and recommendation of the Nomination Committee, the Board has approved the nomination and Dr Adhiwana's appointment.

The Board with the assistance of the Nomination Committee have considered the following in connection with the review of the nomination:

(i) the size and structure of the Board;

(ii) the composition of the Board, including the balance and diversity of skills, experience, gender and knowledge of members of the Board;

(iii) the performance and effectiveness of the Board;

(iv) succession plans of the Board; and

(v) the experience, skills and qualifications of Dr Adhiwana.
Whether appointment is executive, and if so, the area of responsibility
Dr Adhiwana shall be appointed as an executive director and will assist the Board in its strategic decisions, corporate governance and risk management oversight relating to Auric Pacific Group Limited and its subsidiaries.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Son-in-law of Dr Stephen Riady, an executive director on the Board
Conflict of interests (including any competing business)
Nil
Working experience and occupation(s) during the past 10 years
Director and shareholder of Stand Capital Private Limited
(June 2014 to present)

Business Development Manager at Auric Pacific Group Limited
(December 2013 to present)
Shareholding interest in the listed issuer and its subsidiaries?
No
Other Directorships
# 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)
Nil
Present
Stand Capital Pte. Ltd.
Burger Stand Pte. Ltd.
PT Surya Mentari Persada
(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
Disclosure applicable to the appointment of Director only.
Any prior experience as a director of a listed company?
No
If No, Please provide details of any training undertaken in the roles and responsibilities of a director of a listed company
The Company has arranged for Dr Adhiwana a comprehensive and tailored orientation, which includes the duties of a director, how to discharge those duties, the company's businesses and governance practices.

The Company has, and shall, arrange for Dr Adhiwana to attend the Listed Company Director Programme conducted by the Singapore Institute of Directors, which includes subjects such as directors duties and responsibilities, the regulations of the Stock Exchange of Singapore and other corporate governance requirements including the provisions under the 2012 Code of Corporate Governance.

Dr Adhiwana shall further attend all relevant training arranged for the members of the Board.