Change - Announcement of Appointment::Appointment of Chairman of the Remuneration Committee

Issuer & Securities

Issuer/ Manager
MERMAID MARITIME PUBLIC CO LTD
Securities
MERMAID MARITIME PUBLIC CO LTD - TH0955010002 - DU4
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
25-Apr-2017 17:27:30
Status
New
Announcement Sub Title
Appointment of Chairman of the Remuneration Committee
Announcement Reference
SG170425OTHRWU8V
Submitted By (Co./ Ind. Name)
Mr. Wuthichai Chongcharoenrungrot
Designation
Senior Manager, Legal & Corporate Affairs Dept.
Description (Please provide a detailed description of the event in the box below)
Appointment of Mr. Tay Yu-Jin as Chairman of the Remuneration Committee

Additional Details

Date Of Appointment
25/04/2017
Name Of Person
Mr. Tay Yu-Jin
Age
41
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
Mr. Tay Yu-Jin was elected by the shareholders on 26 April 2016 onto the Board as an Independent Director. The Board, having considered Mr. Tay's qualifications, work experience, capabilities and other relevant factors, appointed Mr. Tay as the Chairman of the Remuneration Committee. For good corporate governance, Mr. Tay abstained from casting his vote on the Board as the subject matter concerned himself.
Whether appointment is executive, and if so, the area of responsibility
This is a non-executive appointment.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Non-Executive Director, Chairman of the Remuneration Committee, and Member of the Nomination Committee.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Nil.
Conflict of interests (including any competing business)
Nil.
Working experience and occupation(s) during the past 10 years
Partner
Mayer Brown LLP
2017 -Present

Partner & Global Co-Chair of International Arbitration (Asia)
DLA Piper
2013 - 2017

Counsel & Head of International Arbitration (Asia)
Shearman & Sterling LLP
2004 - 2012
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?
No
# 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)
Nil.
Present
Nil.
(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 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
Mr. Tay Yu-Jin intends to undertake appropriate training to familiarize himself with the duties, roles and responsibilities of a director of a public limited company listed in Singapore.