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Replace - Change - Announcement Of Appointment Of Mrs Quek Bin Hwee As A Non-Executive Independent Director

Back02 Jan 2018
Announcement Title Change - Announcement of Appointment
Date & Time of Broadcast Jan 2, 2018 18:04
Status Replace
Announcement Sub Title Appointment of Mrs Quek Bin Hwee as a Non-Executive Independent Director
Announcement Reference SG171229OTHRXH9B
Submitted By (Co./ Ind. Name) Tee Leng Li
Designation Company Secretary, CapitaLand Commercial Trust Management Limited
Description (Please provide a detailed description of the event in the box below) Appointment of Mrs Quek Bin Hwee as a Non-Executive Independent Director and Chairman of the Audit Committee.
Additional Details
Date Of Appointment 01/01/2018
Name Of Person Mrs Quek Bin Hwee
Age 60
Country Of Principal Residence Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process) Mrs Quek Bin Hwee was most recently Vice Chairman of PricewaterhouseCoopers ("PwC") Singapore and an audit partner for over 25 years. She was part of the Leadership Team both in Singapore and the Asia Pacific region, and was also appointed to the PwC Global Markets Team.

Mrs Quek held many leadership positions including Head of Real Estate in PwC Singapore, and has extensive experience in statutory audits, initial public offerings, group restructuring, fraud investigations and corporate governance work.

Mrs Quek has served as the Chairman of the Audit Committee of several statutory boards. Given her vast experience, she will be able to contribute as a board member.
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 Independent Director and Chairman of the Audit Committee.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries None
Conflict of interests (including any competing business) None
Working experience and occupation(s) during the past 10 years July 2013 to June 2017
- Vice Chairman, Market and Industries, PricewaterhouseCoopers LLP

January 2009 to June 2017
PricewaterhouseCoopers LLP (PwC)
- Deputy Markets Leader of Asia Pacific and Americas
- Client & Markets Leader of Asia Pacific
- Various leadership roles including asset management leader, government leader, real estate leader, head of human capital in the audit practice, PwC Singapore leadership team and PwC Asia leadership team.

February 2001 to January 2009
- Audit Partner, PricewaterhouseCoopers

July 1991 to October 2009
- Audit Partner, Price Waterhouse
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) National Volunteer and Philanthropy Centre
Present Please see attached Annex A.
(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 a listed company? No
If No, Please provide details of any training undertaken in the roles and responsibilities of a director of a listed company Mrs Quek has no prior experience in being a director of public listed companies. Appropriate arrangements will be put in place to orientate her in being a director of public listed company.

Attachments

  1. Annex A (Size: 9,150 bytes)