Dec 12, 2022
Change - Announcement Of Cessation Of Appointment Of Non-Executive And Non-Independent Director
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Dec 12, 2022 7:57 |
| Status | New |
| Announcement Sub Title | Cessation of Appointment of Non-Executive and Non-Independent Director |
| Announcement Reference | SG221212OTHRWPL5 |
| Submitted By (Co./ Ind. Name) | Catherine Yeo |
| Designation | Company Secretary |
| Description (Please provide a detailed description of the event in the box below) | Retirement of Mr Charles Mak Ming Ying as a Non-Executive and Non-Independent Director, Vice Chairman of the Board Executive Committee ("Exco"), member of the Remuneration Committee ("RC"), member of the Nominating Committee ("NC") and member of the Sustainability and Risk Management Committee ("SRMC") of Frasers Property Limited ("FPL"). |
| Additional Details | |
| Name Of Person | Charles Mak Ming Ying |
| Age | 70 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 01/01/2023 |
| Detailed Reason (s) for cessation | Mr Mak served as a Non-Executive and Independent Director of FPL for a period of 9 years from 25 October 2013 to 24 October 2022, prior to his re-designation as a Non-Executive and Non-Independent Director with effect from 25 October 2022. Mr Mak is retiring from the Board of FPL in line with FPL's plans for Board refreshment and renewal. The Board of FPL expresses its appreciation to Mr Mak for his dedication and invaluable contribution during his tenure of service. |
| 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 | 25/10/2013 |
| Does the AC have a minimum of 3 members (taking into account this cessation)? | Yes |
| Number of Independent Directors currently resident in Singapore (taking into account this cessation) | 3 |
| Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months | 1 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Non-Executive and Non-Independent Director, Vice Chairman of the Exco, member of the RC, member of the NC and member of the SRMC of FPL |
| Role and responsibilities | As above. |
| Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries | No |
| Shareholding interest in the listed issuer and its subsidiaries? | No |
| Past (for the last 5 years) | Nil |
| Present | - Director, Fraser and Neave, Limited - Director, BeerCo Limited |
