Change - Announcement of Appointment::Appointment of Independent Director who is an Audit And Risk Committee member

Issuer & Securities

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

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
09-Jun-2015 17:58:54
Status
New
Announcement Sub Title
Appointment of Independent Director who is an Audit And Risk Committee member
Announcement Reference
SG150609OTHRZ8BT
Submitted By (Co./ Ind. Name)
Lun Chee Leong
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Appointment Of Independent Director And Changes To The Composition Of The Board, Audit And Risk Committee, Nominating Committee And Remuneration Committee.

Additional Details

Date Of Appointment
01/07/2015
Name Of Person
Yeo Chuan Seng Victor
Age
51
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
The Nominating Committee (NC) has formally assessed this appointment. During the nomination process, the NC has taken into consideration the appointee's qualifications and work experience.
Whether appointment is executive, and if so, the area of responsibility
Non-executive.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director, Chairman of Nominating Committee, member of Audit and Risk 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
Conflict of interests (including any competing business)
Nil
Working experience and occupation(s) during the past 10 years
Associate Professor, Nanyang Business School, Nanyang Technological University since Yr 1992 to present. Concurrently the Head of the Division of Business Law (since Yr 2011). Responsibilities and work includes:
- management of the Law Division of the Nanyang Business School, NTU;
- teaching, research and publication in the areas of corporate governance and company law to undergraduates and post-graduates;
- providing training for corporations, senior executives and directors;
- consulting and advisory work for various organisations (including listed companies) various matters including on regulatory compliance, corporate governance and company law etc. Some of this work is done in conjunction with his concurrent appointment as Associate Director of Aptus Law Corporation.

From Yr 2003 to Yr 2009, served as Director of the Intellectual Property Office of Singapore (Deputy Chairman and Audit Committee Chairman from Yr 2007 to Yr 2009).
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Associate Professor Yeo Chuan Seng Victor holds 1,000 ordinary shares in the capital of Isetan (Singapore) Limited.
# 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)
FM Holdings Ltd - Director
Present
Akaraka Ltd. - Director
(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 a listed company?
Yes
If Yes, Please provide details of prior experience
Director of FM Holdings Ltd - April to November 2010.

His area of work and research involves corporate governance and providing training for directors on their roles and responsibilities. In this regard, he was the principal consultant in the design of the inaugural Companies and Corporate Directorship module for the Singapore Institute of Directors' Company Directors Course and served as the principal facilitator for the course for seven years from Yr 2000 to Yr 2007. Since then and to-date, he has been actively attending various conferences, talks and seminars conducted by various professional and regulatory bodies as a participant or invited presenter. This helps to keep him abreast and updated on the latest developments in the fields of corporate governance and areas of company law related to the roles and responsibilities of directors of listed companies.