Stamford Land Corporate Ltd

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Announcement Of Cessation As Independent Director Who Is An Audit Committee Member

BackJul 30, 2009
Resignation Details
Name Of Person MAK LYE MUN
Age 51
Is Effective Date Of Cessation Known? Yes
Effective Date Of Cessation 30/07/2009
Detailed Reason(s) for Cessation Mr Mak Lye Mun, who retired by rotation pursuant to Article 91 of the Company's Articles of Association at the 31st Annual General Meeting of the Company, did not seek for re-election. He recently took on additional responsibilities as Country Head and Chief Executive Officer of CIMB Bank Singapore.
Is there any difference of opinion on material matters between the person and the Board of directors? No
If yes, please elaborate NA
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer? No
If yes, please elaborate NA
Any other relevant information to be provided to shareholders of the listed issuer? No
If yes, please elaborate NA
Date of Appointment to current position 20/09/2007
Job Title Independent Non-Executive Director
Role and Responsibilities Member of Audit, Remuneration and Nominating Committees
Does the AC have a minimum of 3 members (taking into account this resignation)? No
Number of Independent Directors currently resident in Singapore (taking into account this cessation) 2
Number of Cessations of Appointments specified in Listing Rule 704(7) over the past 12 months 0
Shareholding in the listed issuer and its subsidiaries None
Family relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries None
Other Directorship
Past Directorship (for the last five years) 1. Value Manager Ltd (Incorporated in British Virgin Islands)
2. Value Monetization Ltd (Incorporated in British Virgin Islands)
3. Associated M & E Engineering Sdn Bhd
Present Directorship 1. Boardroom Limited
2. Tat Hong Holdings Ltd
3. CIMB-GK Securities Pte Ltd