News
Change - Announcement Of Appointment Of Non-Executive Non-Independent Director
BackJun 10, 2022
| Announcement Title | Change - Announcement of Appointment |
| Date & Time of Broadcast | Jun 10, 2022 21:41 |
| Status | New |
| Announcement Sub Title | Appointment of Non-Executive Non-Independent Director |
| Announcement Reference | SG220610OTHROX5I |
| Submitted By (Co./ Ind. Name) | Chua Khee Hak |
| Designation | Executive Chairman |
| Description (Please provide a detailed description of the event in the box below) | Appointment of Mr Andrew Scobie Hawkyard as Non-Executive Non-Independent Director |
| Additional Details | |
| Date Of Appointment | 10/06/2022 |
| Name Of Person | Andrew Scobie Hawkyard |
| Age | 48 |
| Country Of Principal Residence | Hong Kong |
| The Board's comments on this appointment (including rationale, selection criteria, board diversity considerations, and the search and nomination process) | The appointment of Mr Andrew Scobie Hawkyard ("Mr Hawkyard") as Non-Executive Non-Independent Director and Member of Audit and Risk Committee, Nominating Committee and Remuneration Committee was recommended by the Nominating Committee and approved by the Board, after taking into consideration Mr Hawkyard's qualifications, expertise and past experiences. |
| Whether appointment is executive, and if so, the area of responsibility | Non-Executive |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | i. Non-Executive Non-Independent Director ii. Member of the Audit and Risk Committee, Nominating Committee and Remuneration Committee |
| Professional qualifications | Mr Hawkyard received a B.A. with First Class Honors in applied mathematics and a B.C.A. in finance from Victoria University. |
| Any relationship (including immediate family relationships) with any existing director, existing executive officer, the issuer and/ or substantial shareholder of the listed issuer or any of its principal subsidiaries | Mr Hawkyard is currently employed by Morgan Stanley as Managing Director, which is a substantial shareholder of the Company. |
| Conflict of interests (including any competing business) | No |
| Working experience and occupation(s) during the past 10 years | Mr Hawkyard is the Chief Investment Officer of Morgan Stanley Private Equity Asia ("MSPEA") and a Managing Director of Morgan Stanley. Mr Hawkyard joined Morgan Stanley in 1999 and has been investing in Asia private equity for over 25 years. Mr Hawkyard currently leads the group's private equity activities in Taiwan, Hong Kong and Southeast Asia. Mr Hawkyard also led the establishment of MSPEA's South Korea and Thailand private equity businesses and is the Chairman of MSPEA's Thai Fund Investment Committee. Prior to joining Morgan Stanley, Mr Hawkyard worked in the Merchant Banking and Investment Banking divisions of Donaldson, Lufkin and Jenrette in Hong Kong and New York. Mr Hawkyard has held numerous directorships on MSPEA portfolio company boards. |
| 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) | Directorships Concord Insurance Company Ltd Principal Commitments Nil |
| Present | Directorships Microlife Corporation Wholecare Biomedical Corporation Microlife European Holding AG Microlife AG Microlife Health Solutions Inc. Microlife USA, Inc. Cathy Holding Corporation Microlife American Trading Co. Procare Investment Pte. Ltd. Microlife Manufacturing Holding Pte Ltd Malacca International Corporation Principal Commitments Managing Director of Morgan Stanley and Chief Investment Officer of MSPEA |
| (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 an issuer listed on the Exchange? | No |
| If no, please state if the director has attended or will be attending training on the roles and responsibilities of a director of a listed issuer as prescribed by the Exchange | The Company will arrange for Mr Hawkyard to attend training courses prescribed by the Exchange on the roles and responsibilities of a director of a listed company. |