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

Issuer & Securities

Issuer/ Manager
KODA LTD
Securities
KODA LTD - SG1CB1000009 - BJZ
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
29-Oct-2021 18:25:29
Status
New
Announcement Sub Title
Announcement of Cessation of Independent Non-Executive Director
Announcement Reference
SG211029OTHR7ATG
Submitted By (Co./ Ind. Name)
James Koh Jyh Gang
Designation
Executive Chairman and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Announcement of Cessation of Independent Non-Executive Director

Additional Details

Name Of Person
Sim Cheng Huat
Age
73
Is effective date of cessation known?
Yes
If yes, please provide the date
29/10/2021
Detailed Reason (s) for cessation
Mr Sim Cheng Huat has decided not to seek re-election and has accordingly retired as an Independent Non-Executive Director of the Company at the conclusion of the Company's Annual General Meeting held on 29 October 2021.
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
23/03/2008
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)
3
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Non-Executive Director, the Chairman of the Nominating Committee, a member of the Audit Committee and Remuneration Committee
Role and responsibilities
1) Developing the process for evaluation of the performance of the Board and Board Committees;
2) Reviewing training and professional development programs for the Board;
3) Reviewing and assessing candidates for directorships and key management;
4) Reviewing and recommending corporate governance guidelines and policies to the Board.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
No
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
Nil
Present
Nil