Change - Announcement of Appointment::Appointment of Lee Kok Keng Andrew as Independent Director of the Company

Issuer & Securities

Issuer/ Manager
NORDIC GROUP LIMITED
Securities
NORDIC GROUP LIMITED - SG2C45963924 - MR7
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
30-Apr-2019 08:17:18
Status
New
Announcement Sub Title
Appointment of Lee Kok Keng Andrew as Independent Director of the Company
Announcement Reference
SG190430OTHRLY2Q
Submitted By (Co./ Ind. Name)
Chia Meng Ru
Designation
Company Secretary
Effective Date and Time of the event
29/04/2019 17:00:00
Description (Please provide a detailed description of the event in the box below)
Mr Lee Kok Keng Andrew is appointed as an Independent Director of the Company with effect from 29 April 2019. Concurrently, he is also appointed as Chairman of the Remuneration Committee, and as a member of the Audit Committee and the Nominating Committee of the Company respectively. The Board considered Mr Lee Kok Keng Andrew to be independent for the purpose of Rule 704(8) of the Listing Manual of the Singapore Exchange Securities Trading Limited.

Additional Details

Date Of Appointment
29/04/2019
Name Of Person
Lee Kok Keng Andrew
Age
67
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
Mr Lee Kok Keng, Andrew is appointed as an Independent Director of the Company. Mr Lee is also appointed as the Chairman of the Remuneration Committee and a member of the Audit Committee and Nominating Committee.

With reference to the relevant guidelines set out in the Code of Corporate Governance 2012 and based on Mr Lee's declaration, there is no relationship or circumstances which are likely to affect, or could appear to affect, Mr Lee's independence and judgement. Accordingly, the Nominating Committee is satisfied that there is no relationship which would deem Mr Lee to be not independent and the Board considers Mr Lee independent for the purpose of Rule 704(8) of the Listing Manual of the Singapore Exchange Securities Trading Limited.

Based on the recommendation of the Nominating Committee, the Board is of the view that Mr Lee has the requisite experience, qualifications and capabilities to assume the above appointments. Accordingly, the Board has approved the above appointments.
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 the Remuneration Committee, member of the Audit Committee and the Nominating Committee of the Company.
Professional qualifications
None
Any relationship (including immediate family relationships) with any existing director, existing executive officer, the issuer and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
None
Conflict of interests (including any competing business)
None
Working experience and occupation(s) during the past 10 years
- Senior Executive Vice President, Head, Global Consumer Financial Services, OCBC Bank, 2005 - 2017
- Executive Chairman, BCS (Bank Clearing System) Information System Pte Ltd, 2010
- Group Chief Marketing Officer, Great Eastern Life Assurance Co Ltd, 2010 - 2017
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?
Yes
Shareholding Details
Direct - 12,000 shares; Deemed - 979,800 shares
Other Principal Commitments* Including Directorships#
*"Principal Commitments" has the same meaning as defined in the Code
# 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)
None
Present
OCBC Al-Amin Bank Berhad, Malaysia
(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?
No
If no, please state if the director has attended or will be attending training on the roles and responsibilities of a director of a listed issuer as prescribed by the Exchange
Will be attending
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