Change - Announcement of Cessation::Announcement of Cessation of Independent Director who is also Chairman of Audit Committee

Issuer & Securities

Issuer/ Manager
OVERSEA-CHINESE BANKING CORPORATION LIMITED
Securities
OVERSEA-CHINESE BANKING CORP - SG1S04926220 - O39

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
24-Apr-2014 19:02:51
Status
New
Announcement Sub Title
Announcement of Cessation of Independent Director who is also Chairman of Audit Committee
Announcement Reference
SG140424OTHRR696
Submitted By (Co./ Ind. Name)
Peter Yeoh
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Announcement of Cessation of Independent Director who is also Chairman of Audit Committee

Additional Details

Name Of Person
Ho Ai Lian (Mrs Fang Ai Lian)
Age
64
Is effective date of cessation known?
Yes
If yes, please provide the date
24/04/2014
Detailed Reason (s) for cessation
After more than 5 years on the OCBC Board, Mrs Fang has decided to retire and not seek re-election at the AGM.
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
01/11/2008
Does the AC have a minimum of 3 members (taking into account this cessation)?
Yes
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
5
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chairman of Audit and Remuneration Committees
Role and responsibilities
Independent Director
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Nil
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
74,671 OCBC ordinary shares
Other Directorships
Past (for the last 5 years)
Please see attached
Present
Please see attached

Attachments

Directorship_Mrs_Fang.pdf
Total size =21K