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

Issuer & Securities

Issuer/ Manager
OVERSEA-CHINESE BANKING CORPORATION LIMITED
Securities
OVERSEA-CHINESE BANKING CORP - SG1S04926220 - O39
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
03-Feb-2023 18:30:11
Status
New
Announcement Sub Title
Announcement of Cessation of Non-Executive and Independent Director
Announcement Reference
SG230203OTHR7I7R
Submitted By (Co./ Ind. Name)
Sherri Liew
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Announcement of Cessation of Non-Executive and Independent Director

Additional Details

Name Of Person
Koh Beng Seng
Age
72
Is effective date of cessation known?
Yes
If yes, please provide the date
03/02/2023
Detailed Reason (s) for cessation
Mr Koh has decided to step down from the Board of OCBC Bank to allow for more time to focus on his other commitments.

Mr Koh will, following his resignation, relinquish his roles as Chairman of the Risk Management Committee and a member of the Executive and Remuneration Committees.

The Board and Management sincerely thank Mr Koh for his invaluable contributions and commitment during his tenure with the Bank.
Are there any unresolved differences in opinion on material matters between the person and the board of directors, including matters which would have a material impact on the group or its financial reporting?
No
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
No
Any other relevant information to be provided to shareholders of the listed issuer?
No
Date of Appointment to current position
01/10/2019
Does the AC have a minimum of 3 members (taking into account this cessation)?
Yes
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
6
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
6
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Director, Chairman of Risk Management Committee and Member of Executive and Remuneration Committees
Role and responsibilities
Non-executive and Independent Director
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Nil
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
13,644 OCBC ordinary shares
Other Directorships
Past (for the last 5 years)
Director, Hon Sui Sen Endowment CLG Ltd
Present
Chairman, Great Eastern Holdings Ltd
Chairman, Great Eastern General Insurance Ltd
Chairman, The Great Eastern Life Assurance Company Ltd
Director, BOC Hong Kong (Holdings) Ltd
Director, Bank of China (Hong Kong) Ltd
CEO, Octagon Advisors Pte Ltd
Member, Lingnan (University) College, Sun Yat-sen University in China, International Advisory Board
Member, China Banking Association in China, Expert Committee
Member, Lien Ying Chow Legacy Fellowship Council