News
Dec 23, 2024
Change - Announcement Of Appointment Re-Designation Of Non-Executive & Independent Director To Non-Executive & Non-Independent Director
| Announcement Title | Change - Announcement of Appointment |
| Date & Time of Broadcast | Dec 23, 2024 7:44 |
| Status | New |
| Announcement Sub Title | Re-designation of Non-Executive & Independent Director to Non-Executive & Non-Independent Director |
| Announcement Reference | SG241223OTHRYPN1 |
| Submitted By (Co./ Ind. Name) | Catherine Yeo |
| Designation | Company Secretary |
| Description (Please provide a detailed description of the event in the box below) | Re-designation of Mr Wee Joo Yeow from non-executive and independent director of Frasers Property Limited ("FPL") to non-executive and non-independent director of FPL pursuant to Rule 210(5)(d)(iv) of the Singapore Exchange Securities Trading Limited ("SGX-ST"), with effect from the conclusion of the 61st Annual General Meeting ("61st AGM") to be held on 16 January 2025. |
| Additional Details | |
| Date Of Appointment | 16/01/2025 |
| Name Of Person | Wee Joo Yeow |
| Age | 77 |
| Country Of Principal Residence | Singapore |
| Date of last re-appointment (if applicable) | 18/01/2023 |
| The Board's comments on this appointment (including rationale, selection criteria, board diversity considerations, and the search and nomination process) | The re-designation of Mr Wee Joo Yeow from non-executive and independent director to non-executive and non-independent director of FPL with effect from the conclusion of the 61st AGM to be held on 16 January 2025 is pursuant to Rule 210(5)(d)(iv) of the SGX-ST Listing Manual. Mr Wee had served as an independent director of FPL for an aggregate period of more than nine years as of 10 March 2023. The Board, on the recommendation of the Nominating Committee ("NC") (with Mr Wee abstaining from the decision process), and having considered that Mr Wee continues to provide valuable insight and expertise to the Board which supports FPL's long-term strategy and governance, has approved the re-designation of Mr Wee from non-executive and independent director of FPL to non-executive and non-independent director of FPL with effect from the conclusion of the 61st AGM to be held on 16 January 2025. Following his re-designation, Mr Wee will retire as a member of the Remuneration Committee but will remain as a member of each of the Board Executive Committee ("Exco"), the Audit Committee ("AC"), the NC and the Sustainability and Risk Management Committee ("SRMC"), to provide continuity and insights into the business, and to allow the Company to tap into his vast knowledge and business acumen. |
| Whether appointment is executive, and if so, the area of responsibility | Non-Executive |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Non-Executive and Non-Independent Director, member of the Exco, member of the AC, member of the NC and member of the SRMC |
| Professional qualifications | - Master of Business Administration, New York University, USA - Bachelor of Business Administration (BBA Honours), University of Singapore |
| Any relationship (including immediate family relationships) with any existing director, existing executive officer, the issuer and/ or substantial shareholder of the listed issuer or any of its principal subsidiaries | No |
| Conflict of interests (including any competing business) | No |
| Working experience and occupation(s) during the past 10 years | NA |
| 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 |
| # 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) | - Director, Great Eastern Holdings Limited - Director, Oversea-Chinese Banking Corporation Limited - Director, PACC Offshore Services Holdings Ltd.* *Delisted from SGX-ST with effect from 5 February 2020 |
| Present | - Director, Thai Beverage Public Company Limited - Director, WJY Holdings Pte Ltd - Director, WTT Investments Pte Ltd |
| (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? | Yes |
| If Yes, Please provide full details | On his appointment to the board of a company listed on the Singapore Exchange Securities Trading Limited on 2 January 2014, Mr Wee had notified (the "Initial Notice") that listed company of his interest in shares in that listed company. Due to an inadvertent oversight, his direct interest in a further 10,000 shares in that listed company, which were purchased prior to his appointment to the board of that listed company, was omitted from the Initial Notice. Upon realising the omission on 14 January 2014, he immediately notified that listed company. As disclosure was not made in respect of all his interest in shares in that listed company within the prescribed time period, the Monetary Authority of Singapore on 6 February 2014 issued a supervisory warning to Mr Wee to comply with Section 133 of the Securities and Futures Act 2001 and other applicable laws and regulations at all times. |
| Any prior experience as a director of an issuer listed on the Exchange? | Yes |
| If Yes, Please provide details of prior experience | Mr Wee is a director of FPL and Thai Beverage Public Company Limited, and was formerly a director of Great Eastern Holdings Limited, Oversea-Chinese Banking Corporation Limited and PACC Offshore Services Holdings Ltd. |
Get in touch with our IR representative
Close
Close
Data Protection and Privacy Statement
Statement purpose
The purpose of this Data Protection and Privacy Statement is to inform you of how Frasers Centrepoint Limited and its subsidiaries (collectively referred to as the "FCL Group", "we", "us" or "our"), manage Personal Data which is subject to the Singapore Personal Data Protection Act 2012.
This Data Protection and Privacy Statement applies to all FCL Group websites ("Group Websites"), and sets out how we collect, use or disclose Personal Data from you or that you have provided to us through the Group Websites or otherwise.
This Data Protection and Privacy Statement supplements but does not supersede or replace any other consents you may have provided to us in respect of your Personal Data and your consents herein are additional to any rights which the FCL Group may have to collect, use and disclose your Personal Data.
By providing us with your Personal Data, whether through the Group Websites or otherwise, you consent, agree and accept that we, as well as our respective representatives and/or agents may collect, use, disclose and share among ourselves your Personal Data as described in this Data Protection and Privacy Statement.
Personal data
In this Data Protection and Privacy Statement, “Personal Data” refers to any data, whether true or not, about an individual who can be identified from that data or from that data in combination with other information, to which we may have access.
In this Data Protection and Privacy Statement, “Personal Data” refers to any data, whether true or not, about an individual who can be identified from that data or from that data in combination with other information, to which we may have access.
In this Data Protection and Privacy Statement, “Personal Data” refers to any data, whether true or not, about an individual who can be identified from that data or from that data in combination with other information, to which we may have access.
In this Data Protection and Privacy Statement, “Personal Data” refers to any data, whether true or not, about an individual who can be identified from that data or from that data in combination with other information, to which we may have access.