News
Change - Announcement Of Appointment Of Non-Independent Non-Executive Director - Ms Minny Riady
BackApr 10, 2019
| Announcement Title | Change - Announcement of Appointment |
| Date & Time of Broadcast | Apr 10, 2019 18:17 |
| Status | New |
| Announcement Sub Title | Announcement on Appointment of Non-Independent Non-Executive Director - Ms Minny Riady |
| Announcement Reference | SG190410OTHRJ819 |
| Submitted By (Co./ Ind. Name) | Victor Tan Kok Mian |
| Designation | Executive Director and Chief Executive Officer |
| Description (Please provide a detailed description of the event in the box below) | Appointment of Ms Minny Riady as Non-Independent Non-Executive Director of the Board and Nominating & Remuneration Committee member |
| Additional Details | |
| Date Of Appointment | 10/04/2019 |
| Name Of Person | Minny Riady |
| Age | 57 |
| Country Of Principal Residence | Indonesia |
| The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process) | After reviewing Ms Minny Riady's profile, qualifications and experience, the Board approved the appointment of Ms Riady as Non-Independent Non-Executive Director of the Board. Ms Minny Riady will also be appointed as a member of the Nominating & Remuneration Committee. |
| 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-Independent Non-Executive Director and member of the Nominating & Remuneration Committee |
| Professional qualifications | Nil |
| Any relationship (including immediate family relationships) with any existing director, existing executive officer, the issuer and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries | Yes, Ms Minny Riady is the sister of Mr James Tjahaja Riady and Dr Stephen Riady, who are substantial unitholders of First Real Estate Investment Trust ("First REIT") and substantial shareholders of Bowsprit Capital Corporation Limited, as manager of First REIT. |
| Conflict of interests (including any competing business) | Ms Minny Riady is a Director and General Manager of Lippo Realty (Shanghai) Limited, a single purpose company, holding and operating Lippo Plaza Shanghai in Shanghai, China. Notwithstanding this, the Board does not foresee any conflict of interest as the business model of Lippo Realty (Shanghai) Limited is different from that of First REIT. |
| Working experience and occupation(s) during the past 10 years | Please see Annexure A attached. |
| 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 |
| Other Principal Commitments* Including Directorships# *"Principal Commitments" has the same meaning as defined in the Code # 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) | Nil |
| Present | Empire Harvest Development Ltd Lippo Realty (Shanghai) Limited Christfield Limited PT. Empire Harvest Investama Pelita Harapan Education Foundation & Pelita Harapan University Foundation Pelita Harapan Foundation for International Education Papua Harapan Education Foundation for Papua |
| (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? | No |
| Any prior experience as a director of an issuer listed on the Exchange? | No |
| If no, please state if the director has attended or will be attending training on the roles and responsibilities of a director of a listed issuer as prescribed by the Exchange | Ms Minny Riady has been briefed on her role and responsibilities as a director of a listed issuer in Singapore and the Board will arrange for Ms Minny Riady to undertake training courses prescribed by the Singapore Exchange in connection with her duties as a member of the Board and (if appropriate) Board Committee. |
Attachments
- Annexure A (Size: 9,714 bytes)
- Announcement (Size: 31,535 bytes)
- Press Release (Size: 212,075 bytes)
