General Announcement::Resignation of Independent Non-Executive Director and Change...
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General Announcement::Resignation of Independent Non-Executive Director and Changes to Composition of Board Committees
Issuer & Securities
THAKRAL CORPORATION LTD
Securities THAKRAL CORPORATION LTD - SG1AJ2000005 - AWI
Announcement Details
General Announcement
Announcement Sub Title Resignation of Independent Non-Executive Director and Changes to Composition of Board Committees
Designation Chief Financial Officer
(1) Resignation of Independent Non-Executive Director and Cessation as Member of Audit and Nomination Committees, (2) Changes to the Composition of the Compensation and Nomination Committees and (3) Updated Composition of the Audit, Compensation and Nomination Committees. Please refer to attachment for details.
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30-Dec-2015
(Incorporated in the Republic of Singapore on 7 October 1993) (Company Registration No. 199306606E)
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RESIGNATION OF INDEPENDENT NON-EXECUTIVE DIRECTOR AND CESSATION AS MEMBER OF AUDIT AND NOMINATION COMMITTEES
The Board of Directors (the "Board") of Thakral Corporation Ltd (the "Company") wishes to announce that Mr. Pratap Chinnan Nambiar will resign as an Independent Non-Executive Director of the Company with effect from 31 December 2015. Following his resignation as a Director, Mr. Nambiar will also cease to be a member of the Audit and Nomination Committees of the Company.
The Company would like to record its appreciation to Mr. Nambiar for his contribution during his tenure with the Company.
The details and declarations of Mr. Nambiar as required under Rule 704(7) of the Listing Manual of the Singapore Exchange Securities Trading Limited are contained in a separate announcement to be made today.
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CHANGES TO THE COMPOSITION OF THE COMPENSATION AND NOMINATION COMMITTEES
The Board is also pleased to announce the following Board Committees changes effective from 1 January 2016:
Compensation Committee
Mr. Natarajan Subramaniam to be appointed as Chairman of the Company's Compensation Committee.
Mr. Lee Ying Cheun to relinquish his chairmanship in the Company's Compensation Committee but remains as a member of the Compensation Committee.
Mr. Lee Ying Cheun to be appointed as Chairman of the Company's Nomination Committee.
Mr. Natarajan Subramaniam to relinquish his chairmanship in the Company's Nomination Committee but remains as a member of the Nomination Committee.
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UPDATED COMPOSITION OF THE AUDIT, COMPENSATION AND NOMINATION COMMITTEES
Following the above resignation and changes to Board Committees, the updated composition of the Audit, Compensation and Nomination Committees of the Company with effect from 1 January 2016 will be as follows:-
Thakral Corporation Ltd Company Registration No. 199306606E Announcement - Resignation of ID & Changes to Board CommitteesAudit Committee
Mr. Natarajan Subramaniam - Chairman
Mr. Lee Ying Cheun - Member
Mr. Dileep Nair - Member
Mr. Natarajan Subramaniam - Chairman
Mr. Lee Ying Cheun - Member
Mr. Dileep Nair - Member
Mr. Lee Ying Cheun - Chairman
Mr. Natarajan Subramaniam - Member
Mr. Kartar Singh Thakral (Alternate: Mr. Bikramjit Singh Thakral) - Member
Nomination Committee
Compensation Committee
Nomination Committee
On behalf of the Board Natarajan Subramaniam
Independent Non-Executive Chairman Singapore, 30 December 2015
Thakral Corporation Ltd. issued this content on 2015-12-30 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 2015-12-30 10:20:15 UTC
Original Document: http://www.thakralcorp.com/news/ThakralCorp_AnnmtSG151230OTHR8C7Q_ID_Resignation_BoardCommittees_Changes_20151230.pdf