Change - Announcement of Appointment::Appointment of Independent Director

Issuer & Securities

Issuer/ Manager
KEPPEL CORPORATION LIMITED
Securities
KEPPEL CORPORATION LIMITED - SG1U68934629 - BN4
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
18-Oct-2019 17:23:26
Status
New
Announcement Sub Title
Appointment of Independent Director
Announcement Reference
SG191018OTHRW5PL
Submitted By (Co./ Ind. Name)
Caroline Chang/Joyce Ng
Designation
Company Secretaries
Description (Please provide a detailed description of the event in the box below)
Appointment as Independent Director

Additional Details

Date Of Appointment
01/11/2019
Name Of Person
Mr 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)
Having evaluated the balance and mix of experience, knowledge and other aspects of diversity such as age and gender, and the size of the Board, and in consultation with Management, the Nominating Committee ("NC") of Keppel Corporation Limited ("KCL") shortlisted and met with some candidates to assess suitability and to ensure that the candidates were aware of the expectations and level of commitment required of a KCL Board member. On completion of the process, the NC was of the view that Mr Tham Sai Choy would be a suitable addition to the Board given Mr Tham's experience as a member of KPMG's global board where he was responsible for KPMG's global strategies and planning and had played a key role in the firm's investment in and development of its capabilities in cybersecurity, data analytics and digital transformation. He would also enhance the diversity of skills on the KCL Board.

The Board having considered the recommendation from the NC, approved the appointment of Mr Tham as an Independent Director 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.)
Independent Director
Professional qualifications
Fellow of the Institute of Singapore Chartered Accountants and the Institute of Chartered Accountants in England and Wales
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
None
Conflict of interests (including any competing business)
None
Working experience and occupation(s) during the past 10 years
Partner, KPMG in Singapore including the following roles:

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, KPMG 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
155,570 shares in Keppel Corporation Limited
# 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 LLP and its related and common-control entities in Singapore
3. KPMG Asia Pacific Limited (BVI)
4. KPMG International Cooperative (Switzerland)
5. PT KPMG Siddharta Advisory (Indonesia)
6. PT KPMG Infrastructure Advisory (Indonesia)
Present
1. DBS Group Holdings Limited and its subsidiaries
2. Accounting and Corporate Regulatory Authority
3. Housing and Development Board and its subsidiary, EM Services Pte Ltd
4. Nanyang Polytechnic
5. Mount Alvernia Hospital
6. Singapore International Arbitration Centre
7. Singapore Institute of Directors
(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?
Yes
If Yes, Please provide details of prior experience
On 3 September 2018, Mr Tham was appointed as non-executive and independent director of DBS Group Holdings Ltd, which is listed on the Singapore Stock Exchange.

Attachments

Media Release - Changes in composition of KCL Board_18 Oct 2019.pdf
Total size =97K