Change - Announcement Of Re-Designation As Non-Executive Lead Independent Director
BackMar 29, 2019
| Announcement Title | Change - Announcement of Appointment |
| Date & Time of Broadcast | Mar 29, 2019 17:33 |
| Status | New |
| Announcement Sub Title | RE-DESIGNATION AS NON-EXECUTIVE LEAD INDEPENDENT DIRECTOR |
| Announcement Reference | SG190329OTHRF3XN |
| Submitted By (Co./ Ind. Name) | STELLA YEAK |
| Designation | COMPANY SECRETARY |
| Description (Please provide a detailed description of the event in the box below) | Re-designation of Mr Ko Kheng Hwa as Non-Executive Lead Independent Director of AIMS AMP Capital Industrial REIT Management Limited. |
| Additional Details | |
| Date Of Appointment | 29/03/2019 |
| Name Of Person | KO KHENG HWA |
| Age | 64 |
| Country Of Principal Residence | Singapore |
| The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process) | Subsequent to the resignation of Mr Norman Ip Ka Cheung on 29 March 2019 in compliance with the Monetary Authority of Singapore's statutory nine-year limit for Independent Directors of a REIT Manager, Mr Ko, who was appointed as a Non-Executive Independent Director on 21 January 2019 will succeed Mr Ip as the Non-Executive Lead Independent Director with effect from 29 March 2019. Mr Ko was re-designated as the Chairman of the Nominating and Remuneration Committee ("NRC") on 20 February 2019 and is currently a member of the Audit, Risk and Compliance Committee ("ARCC"). The NRC of the Manager has reviewed Mr Ko's qualifications and experience. Upon recommendation of the NRC, the board of directors ("Board") of the Company is of the view that the re-designation of Mr Ko as Non-Executive Lead Independent Director will be beneficial to the Board and to the Company. Mr Ko has abstained from making any recommendations to the NRC and the Board regarding his re-designation. |
| Whether appointment is executive, and if so, the area of responsibility | No |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Non-Executive Lead Independent Director, Chairman of NRC and a member of ARCC. |
| 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 | Nil |
| Conflict of interests (including any competing business) | Nil |
| Working experience and occupation(s) during the past 10 years | Please refer to Appendix 1 |
| 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 |
| 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) | Please refer to Appendix 2 |
| Present | Please refer to Appendix 2 |
| (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 | Please refer to Appendix 2 |
Attachments
Appendix 1 (Size: 26,207 bytes)- Appendix 2 (Size: 10,299 bytes)