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Changes In Boardroom - Composition of Board of Directors, Audit Committee and Executive Committee

BackJul 06, 2012
Type Announcement
Subject OTHERS
Description CHANGES IN BOARDROOM

CapitaMalls Malaysia REIT Management Sdn. Bhd. (“CMRM” or the “Company”), as manager of CapitaMalls Malaysia Trust (“CMMT”), wishes to announce the following Board and Board committee changes with effect from 6 July 2012. Accordingly, CMRM Board members will increase from 8 to 11, with an increase in Independent Non-Executive Directors from 4 to 7. This is to strengthen the Board structure to have a more robust Board and align with the recommendations under the new Malaysian Code on Corporate Governance 2012.

(a)          Appointment of Mr Wong Chin Huat as Deputy Chairman and Independent Non-Executive Director of CMRM

Mr Wong Chin Huat is currently a senior partner of Ramdas and Wong, Singapore. Mr Wong has been a lawyer in private practice with more than 30 years experience in real estate, banking, consumer finance and corporate law. He presently serves as a member of the Public Service Commission in Singapore.

(b)          Appointment of Tuan Haji Rosli bin Abdullah as Independent Non-Executive Director and a member of the Audit Committee of CMRM

Tuan Haji Rosli bin Abdullah was the Chief Executive Officer of the Malaysian Institute of Accountant (“MIA”) for 3 years until January 2012 and is

currently the Registrar of MIA.  Tuan Haji Rosli had served in various capacities in the public and private sectors.  He was the Financial Controller/

General Manager Finance of Kuala Lumpur International Airport Berhad and Senior General Manager of Putrajaya Holdings Sdn. Bhd.

(c)        Appointment of Mr Ng Chih Kaye as Independent Non-Executive Director and a member of the Audit Committee of CMRM

Mr Ng Chih Kaye was a Senior Auditor at KPMG Malaysia, Kuala Lumpur and had served Malayan Banking Berhad for 25 years with his last position as Executive Vice President. Mr Ng presently serves as an Independent Non-Executive Director at Bank Pertanian Malaysia Berhad.

(d)       Appointment of Mr Ho Chee Hwee Simon as alternate director of Mr Lim Beng Chee and a member of the Executive Committee of CMRM

Mr Ho Chee Hwee Simon is currently the Deputy Chief Executive Officer of CapitaMalls Asia Limited (“CMA”). Mr Ho was the Chief Executive Officer and Executive Director of CapitaMall Trust Management Limited (“CMTML”), a subsidiary of CMA and the manager of CapitaMall Trust (the first real estate investment trust listed on Singapore Exchange Securities Trading Limited) until 30 June 2012. Mr Ho has around 25 years of experience in real estate investment and management.

The Chairman and Directors of CMRM would like to welcome Mr Wong Chin Huat, Tuan Haji Rosli bin Abdullah, Mr Ng Chih Kaye, and Mr Ho Chee Hwee Simon to the Board.

Following the aforesaid changes, the Board of Directors, Audit Committee and Executive Committee of the Company will comprise the following members:

Board of Directors

Mr Kee Teck Koon, Chairman and Independent Non-Executive Director

Mr Wong Chin Huat, Deputy Chairman and Independent Non-Executive Director

Mr Lim Beng Chee, Non-Independent Non-Executive Director

Mr Ho Chee Hwee Simon (Alternate Director to Mr Lim Beng Chee), Non-Independent Non-Executive Director

Mr Ng Kok Siong, Non-Independent Non-Executive Director

Mr Foo Wei Hoong, Non-Independent Non-Executive Director

Datuk Gnanachandran S Ayadurai, Independent Non-Executive Director

Tuan Haji Rosli bin Abdullah, Independent Non-Executive Director

Ms Tan Siew Bee, Independent Non-Executive Director

Mr Peter Tay Buan Huat, Independent Non-Executive Director

Mr Ng Chih Kaye, Independent Non-Executive Director

Ms Sharon Lim Hwee Li, Non-Independent Executive Director

Audit Committee

Datuk Gnanachandran S Ayadurai, Chairman and Independent Non-Executive Director

Tuan Haji Rosli bin Abdullah, Independent Non-Executive Director

Ms Tan Siew Bee, Independent Non-Executive Director

Mr Ng Chih Kaye, Independent Non-Executive Director

Mr Ng Kok Siong, Non-Independent Non-Executive Director

Executive Committee

Mr Lim Beng Chee

Mr Ho Chee Hwee Simon

Mr Ng Kok Siong

Ms Sharon Lim Hwee Li

The detailed template announcements pursuant to Paragraph 9.19 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (“Bursa Malaysia”), in relation to the above changes, are being released separately to Bursa Malaysia.

This announcement is dated 6 July 2012.

 


Announcement Info

Company Name CAPITAMALLS MALAYSIA TRUST  
Stock Name CMMT    
Date Announced 6 Jul 2012  
Category General Announcement
Reference No CG-120703-93E6E