Change - Announcement of Cessation::Cessation of Independent Director and Chairman of Audit and Risk Committee

Issuer & Securities

Issuer/ Manager
ISETAN (SINGAPORE) LIMITED
Securities
ISETAN (SINGAPORE) LTD - SG1D89001201 - I15
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
28-Jun-2019 18:30:42
Status
New
Announcement Sub Title
Cessation of Independent Director and Chairman of Audit and Risk Committee
Announcement Reference
SG190628OTHRWJGF
Submitted By (Co./ Ind. Name)
Lun Chee Leong
Designation
Company Secretary
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.


Additional Details

Name Of Person
CHEY CHOR WAI
Age
69
Is effective date of cessation known?
Yes
If yes, please provide the date
30/06/2019
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?
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
01/07/2010
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
1
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
Nil.
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
Nil
Present
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