Change - Announcement of Appointment::Re-designation of Non-Executive Independent Director to Non-Executive Non-Independent Director

Issuer & Securities

Issuer/ Manager
CAPITALAND INVESTMENT LIMITED
Securities
CAPITALAND INVESTMENT LIMITED - SGXE62145532 - 9CI
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
14-Aug-2024 18:08:27
Status
New
Announcement Sub Title
Re-designation of Non-Executive Independent Director to Non-Executive Non-Independent Director
Announcement Reference
SG240814OTHRMANG
Submitted By (Co./ Ind. Name)
Michelle Koh
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Re-designation of Mr Gabriel Lim Meng Liang from a Non-Executive Independent Director to a Non-Executive Non-Independent Director, cessation of Mr Lim as Chairman and Member of the Nominating Committee ("NC") and appointment of Mr Lim as a Member of the Audit Committee ("AC").

Additional Details

Date Of Appointment
01/09/2024
Name Of Person
Gabriel Lim Meng Liang
Age
48
Country Of Principal Residence
Singapore
Date of last re-appointment (if applicable)
25/04/2023
The Board's comments on this appointment (including rationale, selection criteria, board diversity considerations, and the search and nomination process)
Mr Gabriel Lim Meng Liang, who is retiring from the Singapore Public Service on 1 Sep 2024, will be appointed as Joint Head, Corporate Strategy of Temasek International Pte. Ltd., a related corporation of CapitaLand Investment Limited (the "Company") on 1 Oct 2024. In anticipation of Mr Lim's new appointment taking effect and ceasing to be independent pursuant to Rule 210(5)(d)(i) of the Listing Manual, Mr Lim will be re-designated as a non-executive non-independent director of the Company. The re-designation will take effect on 1 Sep 2024.

Based on the recommendation of the NC, the Board is satisfied that Mr Lim will continue to bring invaluable insights beneficial to the Company and the Board. Mr Lim's credential, experience, background, knowledge and expertise continue to provide and complement the diversity of skill sets which are relevant to the Company and his perspectives contribute to the Board's deliberations.

In tandem with Mr Lim's re-designation as a non-executive non-independent director of the Company, the Board is taking the opportunity to refresh the composition of the Board Committees, as part of the regular rotation of responsibilities amongst the various Board members. Subsequent to the re-designation, Mr Lim will cease as Chairman and Member of the NC and be appointed as a Member of the AC. Mr Lim will remain as a Member of the Risk Committee ("RC"). Please refer to the accompanying narrative announcement on "Updates to Board and Board Committees".
Whether appointment is executive, and if so, the area of responsibility
Non-executive
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive Non-Independent Director, AC Member, RC Member
Professional qualifications
Bachelor of Arts in Economics, University of Cambridge, UK
Master of Science in Economics, London School of Economics, UK
Master of Science in Management, University of Stanford, USA
Any relationship (including immediate family relationships) with any existing director, existing executive officer, the issuer and/ or substantial shareholder of the listed issuer or any of its principal subsidiaries
Nil
Conflict of interests (including any competing business)
Nil
Working experience and occupation(s) during the past 10 years
Permanent Secretary of Ministry of Trade and Industry (April 2019 to Present)
Permanent Secretary of Ministry of Communications and Information (January 2017 to March 2019)
CEO of Info-communications Media Development Authority of Singapore (October 2016 to December 2016)
Co-Managing Director of Infocomm Development Authority of Singapore (May 2016 to October 2016)
CEO of Media Development Authority of Singapore (December 2014 to October 2016)
Principal Private Secretary to the Prime Minister (September 2011 to September 2014)
Undertaking submitted to the listed issuer in the form of Appendix 7.7 (Listing Rule 704(7)) Or Appendix 7H (Catalist Rule 704(6))
Yes
Shareholding interest in the listed issuer and its subsidiaries?
No
# 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)
Please see Appendix attached.
Present
Please see Appendix attached.
(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 an issuer listed on the Exchange?
Yes
If Yes, Please provide details of prior experience
Non-Executive Independent Director of the Company (June 2021 to present)
Non-Executive Independent Director of CapitaLand Limited (August 2017 to September 2021)
Please provide details of relevant experience and the nominating committee's reasons for not requiring the director to undergo training as prescribed by the Exchange (if applicable)
Not applicable

Attachments

Appendix-Directorships.pdf
Total size =76K