Announcement Title | Change - Announcement of Cessation |
Announcement Subtitle | Resignation of Independent and Non-Executive Director |
Securities |
STRAITS TRADING CO. LTD (STRADING) |
Date & Time of Broadcast | Nov 19, 2014 18:13 |
Submitted By |
Aldric Tan Jee Wei Company Secretary |
Description | Mr Gautam Banerjee will be resigning as Independent and Non-Executive Director, Lead Independent Director, Audit Committee Chairman and Member and Nominating Committee Member with effect from 31 December 2014. |
Cessation Details | |
Name of person | Gautam Banerjee |
Age | 60 |
Is effective date of cessation known? | Yes |
Effective date for cessation | Dec 31, 2014 |
Detailed reason(s) for cessation | Due to his increased workload from a change in his role in the Blackstone Group, Mr Gautam Banerjee has decided that he will resign as an Independent and Non-Executive Director of the Company. |
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 | Jan 2, 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 this account this cessation) | 2 |
Number of cessations of appointments specified in Listing Rule 704(7) or Catalist Rule 704(6) over the past 12 months | 2 |
Job Title | Independent and Non-Executive Director, Lead Independent Director, Audit Committee Chairman and Member and Nominating Committee Member. |
Role and responsibilities | Independent and Non-Executive Director, Lead Independent Director, Audit Committee Chairman and Member and Nominating Committee Member. |
Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidaries | Nil |
Shareholdings interest in the listed issuer and its subsidaries? | No |
Other directorships | |
Past (for the last 5 years) |
National Heritage Board Singapore International Foundation Singapore Manufacturers Federation Shared Services For Charities Limited Singapore Arts School Ltd |
Present |
Economic Development Board EDB Investments Pte Ltd Singapore Airlines Limited Piramal Enterprises Limited The Indian Hotels Company Limited Nanyang Business School Indian Heritage Centre Singapore Indian Development Association Singapore Business Federation Yale-NUS College Blackstone Singapore Pte Ltd GIC Private Limited Singapore Business Advisors & Consultants Council Singapore International Arbitration Centre Singapore Institute of International Affairs Singapore Legal Service Commission The Stephen A. Schwarzman Scholars Trust The Friends of the University of Warwick in Singapore The Blackstone Group (Australia) Pty Limited The Blackstone Group (HK) Limited Blackstone Advisors India Private Limited |
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