Change - Announcement of Appointment::Appointment of Independent Director

Issuer & Securities

Issuer/ Manager
KEPPEL CORPORATION LIMITED
Securities
KEPPEL CORPORATION LIMITED - SG1U68934629 - BN4
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
30-Jun-2015 17:21:38
Status
New
Announcement Sub Title
Appointment of Independent Director
Announcement Reference
SG150630OTHRA2TW
Submitted By (Co./ Ind. Name)
Caroline Chang/Kelvin Chua
Designation
Company Secretaries
Description (Please provide a detailed description of the event in the box below)
Appointment of Ms Veronica Eng as an Independent Director.

Additional Details

Date Of Appointment
01/07/2015
Name Of Person
Veronica Eng Siang Yang
Age
61
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
The Nominating Committee ("NC" ) had reviewed the qualifications and working experience of Ms Veronica Eng and noted that over 30 years with Permira, Ms Eng has worked in wide-ranging roles on Permira transactions across a multitude of sectors and geographies including acquisitions, exits, restructurings, as well as financings. She also had firm-wide responsibility for the investment process, transaction execution and risk management. In view of the foregoing, the NC is of the view that Ms Eng would be a very good addition to the Board as she has a strong investment background including experience in the restructuring of, and creating value in, investee companies.

The Board having considered the recommendation from the NC, approved the appointment of Ms Veronica Eng as an Independent Director of the Company.

Whether appointment is executive, and if so, the area of responsibility
Non-Executive
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director
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
1985 to Present
Founding Partner, Permira Holdings Limited ("Permira")

January 2015 to Present
Practice Professor, NUS Business School

1985 to 2015
Member of Investment Committee, Permira

2010 to 2014
Chair of Investment Committee, Permira

2007 to 2014
Board Member, Permira

2009 to 2012
Chair of Asia, Permira

2009 to 2011
Member of Executive Committee, Permira

1997 to 2011
Fund Minder of various Permira funds

1999 to 2007
Member of Operating Committee, Permira






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)
Permira Holdings Limited
Permira Europe III GP Limited
Permira (Europe) Limited
Permira IV GP Limited
Permira IV Managers Limited
Present
Centre for Asset Management Research and Investment, NUS (Board Member)
Asia Private Equity Institute, SMU (Advisory Board Member)

(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
Appropriate training and briefings will be provided to Ms Eng in respect of her roles and responsibilities of a director of a public listed company.

Attachments

Keppel Corporation appoints Ms Veronica Eng to its Board.pdf
Total size =101K