| Announce of Appointment of Independent Non-Executive Director, Chairman of Audit Committee, Member of Nominating Committee and Remuneration Committee. | |
| * Asterisks denote mandatory information | |
| Name of Announcer * | BOUSTEAD SINGAPORE LIMITED |
| Company Registration No. | 197501036K |
| Announcement submitted on behalf of | BOUSTEAD SINGAPORE LIMITED |
| Announcement is submitted with respect to * | BOUSTEAD SINGAPORE LIMITED |
| Announcement is submitted by * | ALVIN KOK |
| Designation * | COMPANY SECRETARY |
| Date & Time of Broacast | 13-Oct-2011 19:14:48 |
| Announcement No. | 00116 |
| Price Sensitivity | No |
| >> Announcement Details | |
| The details of the announcement start here ... |
| Date of Appointment * | 13/10/2011 |
| Name * | JOHN LIM KOK MIN |
| Age * | 70 |
| Country of principal residence * | Singapore |
| The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process) * | The Directors have considered the extensive experience and background of Mr John Lim Kok Min and are confident that Mr Lim will add considerable experience and expertise to the Board, the Audit Committee, the Nominating Committee and the Remuneration Committee. With his extensive senior management experience, Mr Lim had made important contributions to the Group in his previous positions of Chairman of the Audit Committee and member of the Remuneration Committee and Nominating Committee. As Chairman of the Audit Committee, Mr Lim was responsible for the oversight of the functions of the Audit Committee. He has also played an integral role in the Remuneration Committee and Nominating Committee by drawing upon his extensive senior management experience when participating in the deliberations of the Remuneration Committee and Nominating Committee. |
| Whether appointment is executive, and if so, area of responsibility * | Non-Executive. |
| Job Title * | Independent Non-Executive Director, Chairman of Audit Committee, Member of Nominating Committee and Remuneration Committee. |
| Working experience and occupation(s) during the past 10 years * | Mr John Lim Kok Min has over 40 years of extensive senior management experience in the Asia Pacific region, he is currently the Chairman and a Fellow of the Singapore Institute of Directors and Vice Chairman of the Singapore Institute of Management. He also sits on the Boards and Audit Committees of several listed and private companies, and has held directorships in companies in Australia, New Zealand and South East Asia. |
| Shareholding in the listed issuer and its subsidiaries * | 536,000 shares in Boustead Singapore Limited. |
| Family relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries * | None |
| Conflict of interest * | None |
| >> Other Directorship # | |
| # These fields are not applicable for announcements of appointments pursuant to Rule 704(9) | |
| Past (for the last five years) | Building & Construction Authority C K Tang Ltd Hsu Fu Chi International Limited LMA International NV LMA North America Inc LMA Seychelles Ltd NTUC Fairprice Co-operative Ltd Pan-United Marine Ltd Senoko Power Ltd Singapore Food Industries Ltd The Laryngeal Mask Company (Singapore) Pte Ltd |
| Present | Gas Supply Pte Ltd Integrity Media Asia Pte Ltd NTUC Club Silverlake Axis System Holdings Ltd Singapore Institute of Directors Singapore Institute of Management |
| >> Information required under Rule 704(7)(h) | |
| Disclose the following matters concerning a director, chief executive officer, general manager or other executive officer of equivalent rank. If the answer to any questions is "yes", full details must be given. | |
| (a) * Whether at any time during the last 10 years, a petition under any bankruptcy laws of any jurisdiction was filed against him or against a partnership of which he was a partner? | No |
| (b) * Whether at any time during the last 10 years a petition under any law of any jurisdiction was filed against a corporation of which he was a director or key executive for the winding up of that corporation on the ground of insolvency? | No |
| (c) * Whether there is any unsatisfied judgement 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 for 3 months or more, or has been the subject of any criminal proceedings (including any pending criminal proceedings which he is aware of) 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 been the subject of any criminal proceedings (including any pending criminal proceedings which he is aware of) for such breach? | No |
| (f) * Whether at any time during the last 10 years, judgement 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, misinterpretation or dishonesty on his part, or he has been the subject of any civil proceedings (including any pending civil proceedings which he is aware of involving an allegation of fraud, misinterpretation 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 corporation? | No |
| (h) * Whether he has ever been disqualified from acting as a director of any corporation, or from taking part directly or indirectly in the management of any corporation? | No |
| (i) * Whether he has ever been the subject of any order, judgement 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, | No |
| in connection with any matter occurring or arising during that period when he was so concerned with the entity or business trust? | |
| (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 |
| >> Information required under Rule 704(7)(i) | |
| Disclosure applicable to the appointment of Director only. | |
| Any prior experience as a director of a listed company? | Yes |
| If yes, please provide details of prior experience | C K Tang Ltd Hsu Fu Chi International Limited Pan-United Marine Ltd Singapore Food Industries Ltd |
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