Change - Announcement of Appointment::Appointment of Independent Non-Executive Director

Issuer & Securities

Issuer/ Manager
UNITED OVERSEAS BANK LIMITED
Securities
UNITED OVERSEAS BANK LTD - SG1M31001969 - U11
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
27-Jul-2017 21:41:19
Status
New
Announcement Sub Title
Appointment of Independent Non-Executive Director
Announcement Reference
SG170727OTHRR5RQ
Submitted By (Co./ Ind. Name)
Joyce Sia
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Appointment of Mr Yeo Khirn Hai Alvin as an Independent Non-Executive Director of United Overseas Bank Limited.

Additional Details

Date Of Appointment
27/07/2017
Name Of Person
Yeo Khirn Hai Alvin
Age
55
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
Having determined that increasing the board size would be beneficial to the Bank, especially with a view to ensuring that there is a pipeline of critical skills following the retirement of directors, the Nominating Committee mapped the skill-sets and expertise currently available on the Board against an ideal framework, so as to identify the additional skills required. Through a process of nomination, selection and assessment, the Nominating Committee recommended and the Board agreed that Mr Yeo Khirn Hai Alvin possessed the necessary experience and qualifications to be appointed an independent director of UOB.

The Board considers Mr Yeo Khirn Hai Alvin to be an independent director.
Whether appointment is executive, and if so, the area of responsibility
The appointment is non-executive.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Non-Executive Director, Audit Committee Member
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
Chairman & Senior Partner of WongPartnership LLP
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
Deemed Interest - 5,902 ordinary shares
# 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)
Tuas Power Limited (Director)
Tuas Power Generation Pte Ltd (Director)
Neptune Orient Lines Limited (Director)
Singapore Land Limited (Director)

Present
WongPartnership LLP
(Chairman & Senior Partner)
Keppel Corporation Limited (Director)
United Industrial Corporation Limited (Director)
Thomson Medical Centre Limited (Director)
Valencia Club De Futbol, S.A.D - (Valencia CF) (Director)
(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?
Yes
If Yes, Please provide full details
Mr Yeo had previously been the subject of complaints made to the Law Society by:

1. ASK Wee in 1994 which was dismissed at Inquiry Committee stage; and

2. Deepak Sharma in 2014 which was dismissed at the Review Committee stage.

Neither of these proceeded to disciplinary proceedings.

Any prior experience as a director of a listed company?
Yes
If Yes, Please provide details of prior experience
1. Keppel Corporation Limited
(Audit Committee, Nominating Committee and Remuneration Committee)

2. United Industrial Corporation Limited
(Audit Committee and Remuneration Committee Chairman)

3. Singapore Land Limited (from 2002 to 2014)
(Audit Committee and Remuneration Committee Chairman)

4. Neptune Orient Lines (from 2013 to 2015)
(Executive Audit and Nominating Committee)