Change - Announcement of Appointment::APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR

Issuer & Securities

Issuer/ Manager
JASPER INVESTMENTS LIMITED
Securities
JASPER INVESTMENTS LIMITED - SG1W79939920 - FQ7
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
31-Dec-2021 07:21:03
Status
New
Announcement Sub Title
APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR
Announcement Reference
SG211231OTHRY9KS
Submitted By (Co./ Ind. Name)
Ng Joo Khin
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Appointment of Mr Frederick R. Walsh, Jr as an Independent Non-Executive Director of the Company.

Mr Frederick R. Walsh, Jr will also be appointed as a member of the Audit Committee, Nominating Committee and Remuneration Committee of the Company.

Additional Details

Date Of Appointment
30/12/2021
Name Of Person
FREDERICK R. WALSH, JR
Age
69
Country Of Principal Residence
United States of America
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
Having reviewed his qualifications and work experience, the Nominating Committee and the Board of Directors of the Company (the "Board") approved the appointment of Mr Frederick R. Walsh, Jr as an Independent Non-Executive Director of the Company.

In determining the suitability of Mr Walsh for appointment, the Board has taken into consideration the experience of Mr Walsh as an investor and advisor to businesses in the US and Asia including his expertise and experience in the financial sector which would be helpful to the Company as the Company seeks to expand and grow its business regionally and is expected to undertake further fund raising to support its commercial activities. Mr Walsh was a former Managing Director of Morgan Stanley, former President of Morgan Stanley Capital International and former President of Morgan Stanley Trust Company before he left in 2000.
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 Non-Executive Director.

Member of the Audit Committee, Nominating Committee and Remuneration Committee.
Professional qualifications
Harvard Business School, MBA '81

London School of Economics, 1975 to 1976
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
Investor and advisor to various businesses. Board of Directors of Coastline Trust Company, a Private Wealth Investment Bank for 12 years through 2017.
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)
Coastline Trust Company
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 an issuer listed on the Exchange?
No
If no, please state if the director has attended or will be attending training on the roles and responsibilities of a director of a listed issuer as prescribed by the Exchange
Mr Frederick R. Walsh, Jr has attended a briefing and presentation by Morgan Lewis Stamford LLC, the legal counsel to the Company, on the roles, duties and responsibilities of a director of a listed issuer as prescribed by the Exchange.

Arrangements will be made by the Company for Mr Walsh to attend the Listed Entity Director Programme of the Singapore Institute of Directors in due course.
Please provide details of relevant experience and the nominating committee's reasons for not requiring the director to undergo training as prescribed by the Exchange (if applicable)
Not Applicable.