Stamford Land Corporate Ltd

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Change - Announcement Of Retirement Of Independent Non-Executive Director

BackJul 27, 2018
Announcement Title Change - Announcement of Cessation
Announcement Subtitle Retirement of Independent Non-Executive Director
Securities STAMFORD LAND CORPORATION LTD (STAMFORD)
Date & Time of Broadcast Jul 27, 2018 18:11
Submitted By Lee Li Huang
Chief Financial Officer and Company Secretary
Description Retirement of Dr Stanley Lai Tze Chang as Independent Non-Executive Director who is the Chairman of the Remuneration Committee and Member of the Audit and Risk Management Committee
Cessation Details
Name of person Stanley Lai Tze Chang
Age 50
Is effective date of cessation known? Yes
Effective date for cessation Jul 27, 2018
Detailed reason(s) for cessation Dr Stanley Lai Tze Chang ("Dr Stanley Lai") retired as Independent Non-Executive Director of the Company at the conclusion of the Annual General Meeting held on 27 July 2018 pursuant to Regulation 89 of the Constitution of the Company. Consequent to his retirement, Dr Stanley Lai ceased to be the Chairman of the Remuneration Committee and Member of the Audit and Risk Management Committee of the Company with effect from 27 July 2018.
Are there any unresolved differences in opinion on material matters between the person and the board of directors, including matters which would have a material impact on the group or its financial reporting? No
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
Any other relevant information to be provided to shareholders of the listed issuer? No
Date of appointment to current position Nov 12, 2015
Does the AC have a minimum of 3 members (taking into account this cessation)? No
Number of independent directors currently resident in Singapore (taking this account this cessation) 1
Number of cessations of appointments specified in Listing Rule 704(7) or Catalist Rule 704(6) over the past 12 months 0
Job Title Independent Non-Executive Director, Chairman of Remuneration Committee and Member of Audit and Risk Management Committee
Role and responsibilities Assumed the roles and responsibilities of Independent Non-Executive Director, Chairman of Remuneration Committee and Member of Audit and Risk Management Committee of the Company
Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidaries None
Shareholdings interest in the listed issuer and its subsidaries? Yes
Shareholding Details Dr Stanley Lai is deemed interested in 25,000 shares held by his spouse, Madam Ler Min Hui Candace
Other directorships
Past (for the last 5 years) Singapore Shipping Corporation Limited
Present Intellectual Property Office of Singapore
Singapore Technologies Engineering Ltd
Singapore Technologies Aerospace Ltd
Nanyang Technological University - NTUitive Pte Ltd
Haggai Institute for Advanced Leadership Training Limited
Changi Cove Pte Ltd