Change - Announcement of Appointment::Appointment of Non-Executive and Independent Director

Issuer & Securities

Issuer/ Manager
FRASERS PROPERTY LIMITED
Securities
FRASERS PROPERTY LIMITED - SG2G52000004 - TQ5
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
14-Oct-2022 20:40:53
Status
New
Announcement Sub Title
Appointment of Non-Executive and Independent Director
Announcement Reference
SG221014OTHRUMYA
Submitted By (Co./ Ind. Name)
Catherine Yeo
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Appointment of Non-Executive and Independent Director, member of the Audit Committee and member of the Information Technology & Cybersecurity Committee of Frasers Property Limited ("FPL").

Additional Details

Date Of Appointment
17/10/2022
Name Of Person
Siripen Sitasuwan
Age
74
Country Of Principal Residence
Thailand
The Board's comments on this appointment (including rationale, selection criteria, board diversity considerations, and the search and nomination process)
Mrs Siripen has extensive experience in the area of finance and was the President and Chief Financial Officer of Shin Corporation Public Co., Ltd. from 1999 to 2007. In addition, she is and has been a director of several listed companies and the chairperson of audit committees.

Mrs Siripen was formerly a Non-Executive and Independent Director of FPL from 25 October 2013 to 10 March 2014 when, following the demerger of FPL from Fraser and Neave, Limited ("FNL") and as disclosed in the Introductory Document dated 28 October 2013 relating to the listing of FPL, she stepped down to continue to serve on the board of FNL. She has since retired as a director of FNL in May 2022.

After having considered the qualifications, expertise, experience and independence of Mrs Siripen, the Board, with the recommendation of the Nominating Committee, approved the appointment of Mrs Siripen as a Non-Executive and Independent Director of FPL as well as a member of each of the Audit Committee and the Information Technology & Cybersecurity Committee.

The Board is of the view that Mrs Siripen's appointment would provide further diversity to the core competencies and skill set of the Board as well as further gender representation on the Board.

The Board considers Mrs Siripen to be independent for the purposes of Rule 704(8) of the Listing Manual of SGX-ST.
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 and Independent Director, member of the Audit Committee and member of the Information Technology & Cybersecurity Committee
Professional qualifications
- Bachelor of Arts (Commerce), Chulalongkorn University, Bangkok, Thailand
- Master of Business Administration, Wichita State University, Kansas, United States of America
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
N.A.
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)
Director, Fraser and Neave, Limited
Director, Thai Solar Energy Public Company Limited
Chairman, Solaris Asset Management Co., Ltd.
Present
Director, Sermsuk Public Company Limited
Director, Thanachart Capital Public Company Limited
(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
Mrs Siripen was formerly a non-executive and independent director of (a) FPL, and (b) Fraser and Neave, Limited.