Change - Announcement of Cessation::Cessation of Independent Director and Chairman of Audit and Risk Committee
Issuer & Securities
ISETAN (SINGAPORE) LIMITED
ISETAN (SINGAPORE) LTD - SG1D89001201 - I15
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
Cessation of Independent Director and Chairman of Audit and Risk Committee
Submitted By (Co./ Ind. Name)
Lun Chee Leong
Description (Please provide a detailed description of the event in the box below)
Cessation of Independent Director, Chairman of Audit and Risk Committee, member of Nominating Committee and Remuneration Committee.
Name Of Person
CHEY CHOR WAI
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
Mr Chey Chor Wai will complete his 9 years tenure on 30 June 2019 and indicated that he would like to step down to allow for progressive renewal of the Board. Accordingly, Mr Chey will relinquish his position as Chairman of the Audit and Risk Committee and a member of the Nominating Committee and Remuneration Committee respectively.
The Board of Directors wishes to record its appreciation to Mr Chey for his contributions to the Company.
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?
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
Any other relevant information to be provided to shareholders of the listed issuer?
Date of Appointment to current position
Does the AC have a minimum of 3 members (taking into account this cessation)?
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Lead Independent Director, Chairman of the Audit and Risk Committee and a member of Nominating Committee and Remuneration Committee.
Role and responsibilities
He is the Lead Independent Director, Chairman of the Audit and Risk Committee and a member of Nominating Committee and Remuneration Committee.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Shareholding interest in the listed issuer and its subsidiaries?
Past (for the last 5 years)
Courts Asia Limited
Chan Wan Chun Pte. Ltd.
Chia See Kiong Pte. Ltd.
Info-communications Media Development Authority (board member)
Dover Park Hospice (Council member)