18 Apr 2017

Announcement on Resolutions Passed at the 54th Annual General Meeting (“AGM”)

Sembcorp Marine Ltd (the "Company") is pleased to announce, in accordance with Clause 704 (16) of the Listing Manual of the Singapore Exchange Securities Trading Limited, that:-

A. At the AGM of the Company held today, the Resolutions relating to the following matters as set out in the Notice of the AGM dated 31 March 2017 were put to the Meeting and duly passed on poll vote:-

 

B. Details of parties who are required to abstain from voting on any resolution(s):-

T S Tay Public Accounting Corporation was appointed as the Company’s scrutineer.

 

Retirement of Director and Note of Appreciation

Mr Tang Kin Fei retired as Director of the Company at the conclusion of the Company’s AGM today. Consequently, Mr Tang ceased to be a member of the Executive Committee (“Exco”), the Executive Resource & Compensation Committee (“ERCC”), the Nominating Committee (“NC”) and the Special Committee (“SC”).

Details of the cessation of Mr Tang as Director of the Company as required under Rule 704(7) of the Listing Manual of the SGX-ST are set out in a separate announcement.

The Board of Directors would like to record their appreciation to Mr Tang for his valuable contributions, insightful advice and sincere interest in the betterment of the Company.

 

 

Re-appointment of Directors to the Audit Committee (“AC”) and Board Risk Committee (“BRC”)

Mr Ron Foo Siang Guan, who was re-elected as a Director of the Company at the AGM, remains as Chairman of the AC and a member of the BRC.

Mr Koh Chiap Khiong, who was re-elected as a Director of the Company at the AGM, remains as a member of the AC and BRC.

Mr Eric Ang Teik Lim, who was re-elected as a Director of the Company at the AGM, remains as a member of the BRC.

The Board considers Mr Ron Foo Siang Guan as independent and Mr Koh Chiap Khiong as non-independent for the purposes of Rule 704(8) of the Listing Manual.

With the abovementioned, the Audit Committee will continue to comprise of three independent directors.

 

 

Re-composition of the Board Committees

Following the retirement of Mr Tang, the composition of the Board Committees is as follows:

AC
Mr Ron Foo Siang Guan (Chairman)

– Independent Director
Mr Lim Ah Doo– Independent Director
Mr Bob Tan Beng Hai– Independent Director
Mr Koh Chiap Khiong– Non-Independent Director

 

BRC
Mr Lim Ah Doo (Chairman)

– Independent Director
Mr Ron Foo Siang Guan– Independent Director
Mr Eric Ang Teik Lim– Independent Director
Mrs Gina Lee-Wan– Independent Director
Mr Koh Chiap Khiong– Non-Independent Director

 

Exco
Tan Sri Mohd Hassan Marican (Chairman)

– Independent Director
Mr Ajaib Haridass– Independent Director
Mr Bob Tan Beng Hai – Independent Director
Mr Wong Weng Sun– Executive Director

 

ERCC
Tan Sri Mohd Hassan Marican (Chairman)

– Independent Director
Mr Ajaib Haridass– Independent Director
Mr Eric Ang Teik Lim– Independent Director

 

NC
Mr Ajaib Haridass (Chairman)

– Independent Director
Tan Sri Mohd Hassan Marican– Independent Director
Mr Eric Ang Teik Lim– Independent Director

 

SC
Mr Lim Ah Doo (Chairman)

– Independent Director
Tan Sri Mohd Hassan Marican– Independent Director
Mr Ajaib Haridass– Independent Director

 

BY ORDER OF THE BOARD
Tan Yah Sze
Joint Company Secretary

 

Singapore

18 April 2017

 

For the full PDF please click here.

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