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

Issuer & Securities

Issuer/ Manager
OLAM INTERNATIONAL LIMITED
Securities
OLAM INTERNATIONAL LIMITED - SG1Q75923504 - O32
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
26-Sep-2014 07:26:35
Status
New
Announcement Sub Title
Resignation of Non-Executive and Independent Director
Announcement Reference
SG140926OTHRTIT5
Submitted By (Co./ Ind. Name)
Neelamani Muthukumar
Designation
President, Global Head - Corporate Finance
Description (Please provide a detailed description of the event in the box below)
Resignation of Non-Executive and Independent Director

Additional Details

Name Of Person
Wong Heng Tew
Age
62
Is effective date of cessation known?
Yes
If yes, please provide the date
30/10/2014
Detailed Reason (s) for cessation
Mr. Wong Heng Tew will step down as Non-Executive and Independent Director from the Board on 30 October 2014, after the close of the 20th Annual General Meeting.

The stepping down of Mr. Wong Heng Tew from the Board is in line with the formal plan for the on-going renewal of the Board put in place by the Board with effect from 1 July 2013, and taking into consideration the recommendations in the Code of Corporate Governance on the tenure of Directors.
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
10/10/2003
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)
5
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.)
Non-Executive and Independent Director
Role and responsibilities
Member, Audit & Compliance Committee
Member, Governance & Nomination Committee
Member, Human Resource & Compensation 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
Other Directorships
Past (for the last 5 years)
Aranda Investments (Mauritius) Pte Ltd
Centaura Investments (Mauritius) Pte Ltd
Certis Cisco Security Pte Ltd
Cypress Holdings Limited
Indochina Fund Management Pte Ltd.
HOPU Management Co. Ltd.
Temasek Financial (I) Pte Ltd
EH Group Ltd
Maju Investments (Mauritius) Pte Ltd
OE Global Ventures Limited
Orchard Energy Pte Ltd
Perikatan Asia Sdn Bhd
RRJ Management Limited
Surbana Fund Management Pte Ltd
Surbana Township Development Fund Pte Ltd
Surbana Corporation Pte Ltd
Present
Orchid 2 Investments Pte Ltd
Orchid 1 Investments Pte Ltd
Aspen Holdings Limited
Mercatus Co-operative Limited
Heliconia Capital Management Pte Ltd
NTUC Fairprice Co-operative Limited
Industrial & Services Co-Operative Society Ltd
ASEAN Potash Mining Public Company Limited
Asean Bintulu Fertilizer Sdn Bhd
Vietnam Growth Fund Limited
Tuas Fund Investments Pte Ltd