News
Change - Announcement Of Resignation Of Non-Executive And Independent Director
BackNov 10, 2021
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Nov 10, 2021 17:20 |
| Status | New |
| Announcement Sub Title | Resignation of Non-Executive and Independent Director |
| Announcement Reference | SG211110OTHRH9BP |
| Submitted By (Co./ Ind. Name) | Lee Kay Swee |
| Designation | Company Secretary |
| Description (Please provide a detailed description of the event in the box below) | Resignation of Mr Sat Pal Khattar as Non-Executive and Independent Director of Haw Par Corporation Limited. |
| Additional Details | |
| Name Of Person | Sat Pal Khattar |
| Age | 78 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 31/12/2021 |
| Detailed Reason (s) for cessation | Mr Sat Pal Khattar has resigned from the Board with effective from 31 December 2021 to support the Board's renewal. Following his resignation from the Board, Mr Sat Pal will also cease to be the Chairman of the Remuneration Committee and the Nominating Committee. |
| 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 | 01/01/1977 |
| Does the AC have a minimum of 3 members (taking into account this cessation)? | Yes |
| Number of Independent Directors currently resident in Singapore (taking into account this cessation) | 5 |
| Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months | 2 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Non-Executive and Independent Director, Chairman of Remuneration Committee and Nominating Committee |
| Role and responsibilities | Non-Executive and Independent Director, Chairman of Remuneration Committee and Nominating Committee |
| 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 | Nil |