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

Issuer & Securities

Issuer/ Manager
DBS GROUP HOLDINGS LTD
Securities
DBS GROUP HOLDINGS LTD - SG1L01001701 - D05
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
31-Aug-2018 17:04:33
Status
New
Announcement Sub Title
Appointment of Non-Executive and Independent Director
Announcement Reference
SG180831OTHRAKZP
Submitted By (Co./ Ind. Name)
TEOH CHIA-YIN
Designation
GROUP SECRETARY
Description (Please provide a detailed description of the event in the box below)
Appointment of Non-Executive and Independent Director - Mr THAM Sai Choy

Additional Details

Date Of Appointment
03/09/2018
Name Of Person
THAM Sai Choy
Age
59
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
The Board had considered the Nominating Committee's recommendation and assessment on his background and experience and also undertook an assessment of the independence of Mr Tham, and is satisfied that he can contribute to the Board.
Whether appointment is executive, and if so, the area of responsibility
Non-Executive
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive and Independent Director
Member of the Audit Committee
Member of the Board Risk Management 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, KPMG in Singapore from 1 October 1990 to 31 July 2017, including:
Head of Corporate Finance - 2000 to 2005
Head of Audit - 2005 to 2010
Managing Partner - 2010 to 2016
Head of Audit, KPMG in Asia Pacific - 2007 to 2010
Chairman, KMPG in Asia Pacific - 2013 to 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?
Yes
Shareholding Details
88,000 ordinary shares in DBS Group Holdings Ltd
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)
1. Singapore Accountancy Commission
2. KPMG Corporate Finance Pte Ltd
3. KPMG Cares Limited
4. KPMG Advisory Services Pte. Ltd.
5. KPMG Services Pte. Ltd.
6. KPMG Consulting Pte. Ltd.
7. KPMG Consulting Holdings Pte. Ltd.
8. AMCP Pte. Ltd.
9. Armoire Ante Pte. Ltd.
10. KPMG Resources Sdn. Bhd. (Malaysia)
11. KPMG International Resource Limited (Cayman Islands)
12. KPMG Asia Pacific Limited (BVI)
13. KPMG International Cooperative (Switzerland)
14. PT KPMG Siddharta Advisory (Indonesia)
15. PT KPMG Infrastructure Advisory (Indonesia)

Present
1. Accounting and Corporate Regulatory Authority
2. Housing and Development Board
3. Singapore Institute of Directors
4. Singapore International Arbitration Centre
5. Nanyang Polytechnic
6. Mt Alvernia Hospital
7. Trunorth Private Limited
(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
As a practising accountant, Mr Tham regularly participated at meetings of audit committees, boards and shareholders of listed companies, including advising them and providing board training on corporate governance and related regulatory matters.

Mr Tham was an active participant in the Audit Committee Guidance Committee that published the Guidebook for Audit Committees in Singapore in 2008, and the Corporate Governance Council that drafted the revised Code of Corporate Governance and recommended changes to the SGX Listing Rules in 2018. He led the group that developed the Board Risk Committee Guide published by the Singapore Institute of Directors in 2017. He has presented to listed company boards on these and other developments. He serves on the board of the Accounting and Corporate Regulatory Authority, which oversees the regulation of companies and auditors in Singapore. As the First Vice President of the Singapore Institute of Directors, he is on call as needed to be a trainer on the courses designed to provide training to directors, and sits on its executive committee that oversees the development of the director training syllabus offered by the institute.

His participation in these different forums, in his view, provide an understanding of the duties of a listed company director equivalent to attendance at the training courses available for this purpose.