Singapore O&G independent director to retire
AN independent director at Singapore O&G will retire at its upcoming annual general meeting (AGM).
Chan Heng Toong will not seek re-election at the April 23 AGM, to "enable younger independent directors to come in to rejuvenate the board" and to focus on his personal commitments, Singapore O&G said in a regulatory statement on Monday.
Mr Chan, 71, is the chairman of the nominating committee, and a member of the audit committee and remuneration committee.
To comply with the requirement of the Catalist rules on the minimum of three members in the audit committee, the company will take appropriate action to fill the vacancy.
The counter closed flat at S$0.26 on Monday.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Cutting the cord?: Events leading up to Cordlife’s MOH suspension and arrests of its directors, ex-group CEO
Apple is working on its own AI chip for data centres: WSJ
European oil giants consider shifting their listings to the US
ExxonMobil sees Hess arbitration dragging into 2025, CEO says
Gold prices tick higher on US rate cut bets
Nomura targets 20% revenue growth from global markets business