Change - Announcement of Appointment::Appointment of Independent Director who is an Audit Committee member

Issuer & Securities

Issuer/ Manager
ASCENDAS FUNDS MANAGEMENT (S) LIMITED
Securities
ASCENDAS REAL ESTATE INV TRUST - SG1M77906915 - A17U
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
30-Oct-2015 17:58:25
Status
New
Announcement Sub Title
Appointment of Independent Director who is an Audit Committee member
Announcement Reference
SG151030OTHRCUIG
Submitted By (Co./ Ind. Name)
Mary Judith de Souza
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Appointment of Mr Wong Yew Meng as an Independent Director of Ascendas Funds Management (S) Limited (AFM), the manager of Ascendas Real Estate Investment Trust (A-REIT). He is also appointed as a member of the Audit Committee (AC).

Additional Details

Date Of Appointment
01/11/2015
Name Of Person
Wong Yew Meng
Age
65
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
The Nominating, Human Resource & Remuneration Committee (NHRRC) has reviewed the qualifications and experience of Mr Wong Yew Meng and has recommended to the Board his appointment as a Non-Executive and Independent Director of AFM. The Board has accepted the recommendation of the NHRRC and approved his appointment.
Whether appointment is executive, and if so, the area of responsibility
Non-executive
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Mr Wong Yew Meng is appointed as an Independent Director of AFM and a member of the AC.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
None
Conflict of interests (including any competing business)
None
Working experience and occupation(s) during the past 10 years
1-Sep-2011 to present
Non-Executive Board Member
Land Transport Authority Singapore

1-Jan-2011 to present
Non-Executive Board Member
Competition Commission of Singapore

1-Jan-2010 to present
Non-Executive Board Member
People s Association

18-Jan-2010 to present
Non-Executive Director
Singapore Deposit Insurance Corp Limited

1-Aug-2010 to present
Non-Executive Trustee
Nanyang Technological University

1-Sep-2009 to present
Non-Executive Director
Venture Corp Ltd

15-Mar-2010 to present
Non-Executive Director
Kidney Dialysis Foundation Ltd

1985 to Jun-2008
Audit Partner
PriceWaterhouseCoopers

Feb-2001 to Sep-2008
Non-Executive Chairman
Health Promotion Board

Apr-2009 to 31-Mar-2015
Non-Executive Board Member
Public Utilities Board

1996 to 2000
Non-Executive Chairman
Singapore National Eye Centre

1998 to 2013
Non-Executive Director
Singapore Eye Research Institute
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)
Please refer to Annex A
Present
Please refer to Annex A
(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?
Yes
If Yes, Please provide details of prior experience
Mr Wong has been appointed as the Non-Executive Director of Venture Corp Ltd since 1-Sep-2009.

Attachments

SGX Annc - Appt of Wong Yew Meng - Annex A.pdf
Total size =140K