The appointment of Mr Joseph Foo Chee Hoe as an Independent Non-Executive Director was recommended by the Nominating Committee and approved by the Board. The Company's Board of Directors, immediately prior to the appointment of Mr Joseph Foo, comprised 2 non-independent directors (one of which is the executive chairman) and two independent directors (as one of the former independent directors had decided not to seek re-election at the Company's annual general meeting held in June 2020). The appointment of Mr Joseph Foo is to replace the former independent director who stepped down and will allow the Company to have, as required pursuant to the Code of Corporate Governance,:-

a) a majority of independent directors; and
b) sufficient number of independent directors to form the Audit and Risk Committee.

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Acma Ltd. published this content on 06 August 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 August 2020 11:03:09 UTC