Change - Announcement of Appointment::RE-DESIGNATION OF INDEPENDENT CHAIRMAN TO NON-EXECUTIVE AND NON-INDEPENDENT CHAIRMAN

Issuer & Securities

Issuer/ Manager
SEMBCORP MARINE LTD
Securities
SEMBCORP MARINE LTD - SG1H97877952 - S51
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
23-Feb-2021 12:26:00
Status
New
Announcement Sub Title
RE-DESIGNATION OF INDEPENDENT CHAIRMAN TO NON-EXECUTIVE AND NON-INDEPENDENT CHAIRMAN
Announcement Reference
SG210223OTHRYPNU
Submitted By (Co./ Ind. Name)
Tan Yah Sze
Designation
Joint Company Secretary
Description (Please provide a detailed description of the event in the box below)
Tan Sri Mohd Hassan Marican ("Tan Sri") has been re-designated from Independent Chairman to Non-Executive and Non-Independent Chairman of Sembcorp Marine Ltd ("SCM").

Tan Sri has also stepped down as the Chairman of the Nominating Committee ("NC") and the Executive Resource & Compensation Committee ("ERCC"). He remains as a member of the NC and the ERCC.

Additional Details

Date Of Appointment
01/10/2011
Name Of Person
Tan Sri Mohd Hassan Marican
Age
69
Country Of Principal Residence
Malaysia
Date of last re-appointment (if applicable)
18/04/2018
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
Tan Sri has served the board of SCM (the "Board") for more than 9 years. The Board has accepted the NC's recommendation that Tan Sri be re-designated from Independent and Non-Executive Chairman to Non-Independent and Non-Executive Chairman with effect from 22 February 2021.

Whether appointment is executive, and if so, the area of responsibility
Non-executive.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive and Non-Independent Chairman
Member of the Nominating Committee
Member of the Executive Resource & Compensation Committee
Professional qualifications
Tan Sri holds an honorary doctorate from the University of Malaya and is a Fellow of the Institute of Chartered Accountants in England and Wales.
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
Tan Sri is a director of Sembcorp Industries Ltd ("SCI"). SCI is an associate of Temasek Holdings (Private) Limited. Temasek is the controlling shareholder of SCM.
Conflict of interests (including any competing business)
None.
Working experience and occupation(s) during the past 10 years
Please refer to Appendix 1.
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
Tan Sri owns 5,076,926 SCM shares which are held in the name of Citibank Singapore Nominees Pte Ltd.
# 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 Appendix 1
Present
Please refer to Appendix 1
(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
Director, Sembcorp Industries Ltd

Attachments

Appendix 1.pdf
Total size =105K