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Change in Boardroom - Redesignation (Kee Teck Koon)

BackAug 17, 2011
Date Announced
:
17/08/2011  

 

Date of change
:
18/08/2011
Type of change
:
Redesignation
Previous Position
:
Chairman & Director
New Position
:
Chairman & Director
Directorate
:
Independent & Non Executive
Name
:
Kee Teck Koon
Age
:
55
Nationality
:
Singaporean
Qualifications
:
Master of Arts in Engineering Science, University of Oxford, United Kingdom
Working experience and occupation
:
Mr Kee is currently the Chairman and Non-Executive Director of CapitaMalls Malaysia REIT Management Sdn. Bhd., a Non-Executive Director of CapitaMall Trust Management Limited (the manager of CapitaMalls Trust listed on the Singapore Exchange Securities Trading Limited (the “SGX-ST”)), a Non-Executive Director of Changi Airports International Pte Ltd and the Non-Executive Chairman and Director of NTUC First Campus Co-Operative Ltd.

Mr Kee retired as the Chief Investment Officer of CapitaLand Limited (listed on the SGX-ST) on 31 July 2009, a position he assumed since February 2007. Between April 2003 and January 2007, he was responsible for overseeing the CapitaLand Group's financial advisory services, commercial real estate and retail real estate businesses. He was the Managing Director and Chief Executive Officer of The Ascott Limited from November 2000 to April 2003. Mr Kee has held senior management appointments with several other organisations. He started his career in 1979 with the Singapore Armed Forces and the Ministry of Defence where he remained until 1991.
Directorship of public companies (if any)
:
Nil
Family relationship with any director and/or major shareholder of the listed issuer
:
Nil
Any conflict of interests that he/she has with the listed issuer
:
Nil
Details of any interest in the securities of the listed issuer or its subsidiaries
:
100,000 units in CapitaMalls Malaysia Trust

Remarks
Under the Guidelines on Real Estate Investment Trusts (“REIT Guidelines”) and the Corporate Governance Guide (“CG Guide”), an independent director is one who is independent of management and free from any business or other relationship that could interfere with the exercise of independent judgement or the ability to act in the best interests of a company. Mr Kee has always satisfied this condition in relation to his role as a Chairman and Director of CapitaMalls Malaysia REIT Management Sdn. Bhd. (“CMRM”), the manager of CapitaMalls Malaysia Trust. However, the CG Guide also required that an independent director should not have been an officer of a related company within the last two years. As Mr Kee was an officer of CapitaLand Limited (a related corporation of CMRM) until 31 July 2009, CMRM had at the time of his appointment designated him as a non-independent director. However, more than two years have passed since Mr Kee’s retirement from CapitaLand Limited. As such, CMRM has now re-designated Mr Kee as an independent director in accordance with the REIT Guidelines and CG Guide.