News
Announcement Of Appointment Of Independent Director Who Is An Audit Committee Member
BackNov 05, 2012
| Appointment Details | ||
| Date of Appointment | 05/11/2012 | |
| Name | Daniel Budiman | |
| Age | 45 | |
| Country of principal residence | Indonesia | |
| The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process) | The Board have appraised Mr Daniel Budiman and found him to possess the relevant professional qualifications, financial expertise, job experience and management skills that meet the needs of the Company. Mr Budiman is a Founding Partner of Mahanusa Capital, an investment company based in Jakarta. Mahanusa owns and operates companies in the agribusiness, consumer goods, consumer finance, specialty chemicals and property sectors mainly in Indonesia. His experience as an M&A banker for Merrill Lynch and J P Morgan would be useful in promoting the Company's business. Prior to that, Mr Budiman was in brand management with Procter & Gamble, based in the US and Indonesia. As Mr Budiman also meets the criteria of an independent director, the NC recommended to the Board to appoint Mr Daniel Budiman as an independent director of the Company. Pursuant to Article 104 of the Company's Articles of Association, the Board of Directors has accepted the recommendation and approved the appointment of Mr Budiman as an independent director of the Company until the next Annual General Meeting at which Mr Budiman shall then be eligible for re-election by the Shareholders of the Company. | |
| Whether appointment is executive, and if so, area of responsibility | No | |
| Job Title | Independent Director, AC Member and NC Member | |
| Working experience and occupation(s) during the past 10 years | 2002 - 2012 Founding Partner of Mahanusa Capital. Mahanusa Capital is an Indonesian investment company with activities in the property, financials, consumer goods, chemicals and palm oil plantation sectors. In his capacity as an investor, Mr Budiman has served and is serving on the Boards of their investee companies. He has and is holding several Board positions in companies where Mahanusa Capital is not an investor of. | |
| Interest in the listed issuer and its subsidiaries | None | |
| Family relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries | None | |
| Conflict of interest | None | |
| Other Directorship | ||
| Past (for the last five years) | Please refer to the attachment. | |
| Present | Please refer to the attachment. | |
| Information required pursuant to Listing Rule 704(7)(h) | ||
| a. | Whether at any time during the last 10 years, a petition under any bankruptcy laws of any jurisdiction was filed against him or against a partnership of which he was a partner? | No |
| b. | Whether at any time during the last 10 years a petition under any law of any jurisdiction was filed against a corporation of which he was a director or key executive for the winding up of that corporation on the ground of insolvency? | No |
| c. | Whether there is any unsatisfied judgement 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 for 3 months or more, or has been the subject of any criminal proceedings (including any pending criminal proceedings which he is aware of) 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 been the subject of any criminal proceedings (including any pending criminal proceedings which he is aware of) for such breach? | No |
| f. | Whether at any time during the last 10 years, judgement 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, misinterpretation or dishonesty on his part, or he has been the subject of any civil proceedings (including any pending civil proceedings which he is aware of involving an allegation of fraud, misinterpretation 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 corporation? | No |
| h. | Whether he has ever been disqualified from acting as a director of any corporation, or from taking part directly or indirectly in the management of any corporation? | No |
| i. | Whether he has ever been the subject of any order, judgement 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 |
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| (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 |
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| (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, | No |
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| in connection with any matter occurring or arising during that period when he was so concerned with the entity or business trust? | ||
| 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 |
| Information required pursuant to Listing Rule 704(7)(i) | ||
| Any prior experience as a director of a listed company? | No | |
| If yes, please provide details of prior experience. | None. However, Mr Budiman has served as an Audit Committee Member for 2 listed companies in Indonesia in the past (PT Astra Agro Lestari Tbk and PT Kawasan Industri Jababeka Tbk). |
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Attachments
- Attachment 1 (Size: 531,246 bytes)