News
Announcement Of Cessation As Independent Director Who Is An Audit Committee Member
BackSep 18, 2012
| Resignation Details | |
| Name Of Person | Joseph Chen Seow Chan |
| Age | 62 |
| Is Effective Date Of Cessation Known? | Yes |
| Effective Date Of Cessation | 18/09/2012 |
| Detailed Reason(s) for Cessation | Mr Chen's retirement from the Board is part of the regular board renewal process which is a policy of Ascendas Funds Management (S) Limited ("AFM"), as manager of Ascendas Real Estate Investment Trust ("A-REIT"). |
| Is there any difference of opinion on material matters between the person and the Board of directors? | No |
| If yes, please elaborate | NA |
| 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 |
| If yes, please elaborate | NA |
| Any other relevant information to be provided to shareholders of the listed issuer? | No |
| If yes, please elaborate | NA |
| Date of Appointment to current position | 22/04/2008 |
| Job Title | Audit Committee Chairman and Member of the Human Resource and Remuneration Committee |
| Role and Responsibilities | As Chairman of the Audit Committee ("AC"), Mr Chen led the AC in ensuring the integrity of the financial statements and internal control processes of A-REIT. He contributed significantly by advising the Board on the business and operations of A-REIT and AFM. |
| Does the AC have a minimum of 3 members (taking into account this resignation)? | 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) over the past 12 months | Nil |
| Shareholding in the listed issuer and its subsidiaries | Mr Chen holds 100,000 units in the unit capital of A-REIT. |
| Family relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries | Nil |
| Other Directorship | |
| Past Directorship (for the last five years) | Nil |
| Present Directorship | Nil |