Change - Announcement of Appointment::Appointment of Non-Executive and Independent Director as Member of Audit & Risk Committee

Issuer & Securities

Issuer/ Manager
RAFFLES MEDICAL GROUP LTD
Securities
RAFFLES MEDICAL GROUP LTD - SG1CH4000003 - BSL
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
01-Dec-2021 18:57:23
Status
New
Announcement Sub Title
Appointment of Non-Executive and Independent Director as Member of Audit & Risk Committee
Announcement Reference
SG211201OTHR69XI
Submitted By (Co./ Ind. Name)
Kimmy Goh
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Appointment of Non-Executive and Independent Director as Member of the Audit & Risk Committee

Additional Details

Date Of Appointment
01/01/2022
Name Of Person
Eric Ang Teik Lim
Age
68
Country Of Principal Residence
Singapore
Date of last re-appointment (if applicable)
26/04/2019
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
The Board has considered the Nomination & Compensation Committee's (NCC) recommendation and assessment of Mr Ang's qualifications and experience and is satisfied that Mr Ang will contribute relevant knowledge, skills and experience to the Audit & Risk Committee (ARC).
Whether appointment is executive, and if so, the area of responsibility
Non-Executive and Independent Director
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive Independent Director wef 24 Apr 2015; NCC Chairman (before 1 Jan 2022); Lead Independent Director, Member of NCC and ARC wef 1 Jan 2022
Professional qualifications
Bachelor in Business Administration (Honours), 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
1. Managing Director and Head of Capital Markets Group, DBS Bank (stepped down on 31 May 2014)
2. Senior Executive Advisor, DBS Bank (retired in January 2020)
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?
Yes
Shareholding Details
1. Direct Interest - 15,000 Raffles Medical Group Ltd Ordinary Shares
2. Date of Grant - 5 October 2020
Options to subscribe for Ordinary Shares in Raffles Medical Group Ltd - 250,000
Option price per share - S$0.81
3. Date of Grant - 1 September 2021
Options to subscribe for Ordinary Shares in Raffles Medical Group Ltd - 200,000
Option price per share - S$1.40
# 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)
- Changi Airport Group (Singapore) Pte. Ltd. (Director)
- DBS Foundation Ltd. (Director)
- Community Chest (Vice Chairman)
- SGX Disciplinary Committee (Co-Chairman)
- NetLink Management Pte. Ltd. (Director)
- Hwang Capital (Malaysia) Berhad (Director)
Present
- Sembcorp Marine Ltd (Director)
- Wing Tai Holdings Limited (Director)
- Surbana Jurong Private Limited (Director)
- NetLink NBN Management Pte. Ltd. (Director)
(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?
Yes
If Yes, Please provide details of prior experience
Non-Executive and Independent director of Raffles Medical Group Ltd, Sembcorp Marine Ltd and Wing Tai Holdings Limited.