Change - Announcement of Appointment::Appointment of Independent Director
Issuer & Securities
Issuer/ Manager
CHIP ENG SENG CORPORATION LTD.
Securities
CHIP ENG SENG CORPORATION LTD - SG1H36875612 - C29
CHIPENGSENG S$125M4.9%N220519 - SG7BC0000007 - 6X7B
CHIPENGSENG S$120M4.75%N210614 - SG73C5000004 - 4F1B
Stapled Security
No
Announcement Details
Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
12-Dec-2019 19:05:20
Status
New
Announcement Sub Title
Appointment of Independent Director
Announcement Reference
SG191212OTHR1AQI
Submitted By (Co./ Ind. Name)
Chia Lee Meng Raymond
Designation
Executive Director and Group Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Appointment of Independent Director
Additional Details
Date Of Appointment
12/12/2019
Name Of Person
Neo Boon Siong ("Professor Neo")
Age
62
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
The Board having considered i) the recommendation of the Nominating Committee ("NC"); and ii) Professor Neo's qualifications and experience, is of the view that Professor Neo has the requisite track record, experience and capabilities to (a) assume the responsibilities as an Independent Director of the Company, (b) assist the Board in charting strategic directions and strengthening corporate governance; and (c) contribute to the development of the Group's education business.
Whether appointment is executive, and if so, the area of responsibility
Appointment is non-executive.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director
Professional qualifications
(1) Bachelor of Accountancy (Honours) from National University of Singapore, (2) Master of Business Administration from University of Pittsburgh, United States of America ("USA"), (3) Doctor of Philosophy from University of Pittsburgh, USA, and (4) Certified Public Accountant (Singapore)
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
2010 - Professor, Lee Kuan Yew School of Public Policy, National University of Singapore
2011 to 2016 - Professor of Business, Nanyang Business School, Nanyang Technological University, Singapore
2016 to 2017 - Dean and Canon Professor of Business at the Nanyang Business School, Nanyang Technological University, Singapore
2016 to 2019 - CANON Endowed Chair Professor of Business and Director of the Asian Business Care Centre at Nanyang Business School, Nanyang Technological University, Singapore
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)
Please see attached Appendix 1.
Present
Please see attached Appendix 1.
(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
Present directorships in other listed issuers:
1) Keppel Telecommunications & Transportation Ltd (Delisted from the Official List of the SGX-ST on 8 May 2019 with effect from 9.00 a.m.)
Past directorships in other listed issuers (for the last 5 years):
1) Oversea-Chinese Banking Corporation Limited
2) k1 Ventures Limited
3) OUE Hospitality REIT Management Pte. Ltd.
4) OUE Hospitality Trust Management Pte. Ltd.
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)
N/A
Attachments
Appendix 1_Prof Neo Boon Siong.pdf
Total size =169K
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