News
Change - Announcement Of Resignation Of Non-Executive Independent Director
BackDec 29, 2017
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Dec 29, 2017 17:03 |
| Status | New |
| Announcement Sub Title | Resignation of Non-Executive Independent Director |
| Announcement Reference | SG171229OTHRKKKT |
| Submitted By (Co./ Ind. Name) | Huang Ban Chin |
| Designation | Director and Chief Operating Officer |
| Description (Please provide a detailed description of the event in the box below) | Resignation of Mr Ravindran s/o Ramasamy ("Mr Ravi") as Non-Executive Independent Director. Following his resignation, Mr Ravi will also cease as the Chairman of the Nominating Committee and a Member of both the Audit and Remuneration Committees. |
| Additional Details | |
| Name Of Person | Ravindran s/o Ramasamy |
| Age | 57 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 31/12/2017 |
| Detailed Reason (s) for cessation | To facilitate Board renewal of directors pursuant to corporate governance principles. The Board and the Management of Best World Group would like to record their sincere appreciation and thanks to Ravindran s/o Ramasamy for his invaluable contributions to the Company's development over the past 13 years and wish him all the very best for the future. |
| 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 | 24/05/2004 |
| Does the AC have a minimum of 3 members (taking into account this cessation)? | No |
| Number of Independent Directors currently resident in Singapore (taking into account this cessation) | 2 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Non-Executive Independent Director, Nominating Committee Chairman, Audit Committee member and Remuneration Committee member. |
| Role and responsibilities | Non-Executive Independent Director. |
| Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries | Nil |
| Shareholding interest in the listed issuer and its subsidiaries? | No |
| Past (for the last 5 years) | Nil |
| Present | Serial System Ltd |