Change - Announcement of Appointment::Appointment of Chairman of the Audit and Risk Committee

Issuer & Securities

Issuer/ Manager
KEPPEL DC REIT MANAGEMENT PTE. LTD.
Securities
KEPPEL DC REIT - SG1AF6000009 - AJBU
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
31-Aug-2023 17:22:28
Status
New
Announcement Sub Title
Appointment of Chairman of the Audit and Risk Committee
Announcement Reference
SG230831OTHR8HLX
Submitted By (Co./ Ind. Name)
Chiam Yee Sheng / Darren Tan
Designation
Company Secretaries
Description (Please provide a detailed description of the event in the box below)
Appointment of Ms Yeo Siew Eng as the Chairman of the Audit and Risk Committee of Keppel DC REIT Management Pte. Ltd., the manager of Keppel DC REIT in place of Mr Lee Chiang Huat who is stepping down as Independent Non-executive Director and Chairman of the Audit and Risk Committee.

Additional Details

Date Of Appointment
01/09/2023
Name Of Person
Yeo Siew Eng
Age
65
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, board diversity considerations, and the search and nomination process)
The Nominating and Remuneration Committee ("NRC") of Keppel DC REIT Management Pte. Ltd. has reviewed the qualifications and working experience of Ms Yeo is of the view that Ms Yeo is able to be appointed as Chairman of the Audit and Risk Committee ("ARC"). The Board having considered the recommendation from the NRC, approved the appointment of Ms Yeo as the Chairman of the ARC of Keppel DC REIT Management Pte. Ltd., the Manager of Keppel DC REIT.
Whether appointment is executive, and if so, the area of responsibility
Non-Executive.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chairman of the Audit and Risk Committee.
Professional qualifications
Bachelor of Accountancy, University of Singapore (n.k.a. National University of Singapore)
Fellow of the Singapore Institute of Chartered Accountants
Member of the Singapore Institute of Directors
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
Keppel DC REIT Management Pte. Ltd. (the Manager of Keppel DC REIT)
Non-executive Director
November 2022 to Current

Transit Link Pte Ltd
Non-executive Director
August 2022 to Current

Venture Corporation Limited
Non-executive Independent Director
October 2020 to Current

Nam Lee Pressed Metal Industries Limited
Non-executive Independent Director
March 2020 to January 2023

Deloitte & Touche LLP, Singapore /
Deloitte & Touche
Partner
October 1998 to May 2018
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
1,200 Units in Keppel DC REIT
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)
1. Partner of Deloitte LLP
2. Partner of Deloitte & Touche LLP
3. Director of Deloitte & Touche Management Services Pte Ltd
4. Non-executive Independent Director of Nam Lee Pressed Metal Industries Limited
Present
1. Non-executive Independent Director of Venture Corporation Limited
2. Non-executive Director of Transit Link Pte Ltd
3. Non-executive Director of Keppel DC REIT Management Pte. Ltd. (the Manager of Keppel DC REIT)
(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
Disclosure applicable to the appointment of Director only.
Any prior experience as a director of an issuer listed on the Exchange?
Yes
If Yes, Please provide details of prior experience
Ms Yeo was on the board of Venture Corporation Limited and Keppel DC REIT Management Limited (the Manager of Keppel DC REIT),respectively since 2020 and 2022 which were both listed on Main Board of the Exchange.
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)
N.A.

Attachments

MREL_Keppel DC REIT appoints two new Independent Directors.pdf
Total size =208K