SGX makes board changes, appoints Yeoh Oon Jin as independent director

Mr Yeoh Oon Jin was formerly executive chairman of PwC Singapore, where he had served since 1986. PHOTO: BUSINESS TIMES

SINGAPORE (THE BUSINESS TIMES) - The Singapore Exchange (SGX) on Thursday (July 1) said it has appointed Singapore Land Authority chairman Yeoh Oon Jin as a non-executive and independent director to its board, effective immediately.

Mr Yeoh was formerly executive chairman of PricewaterhouseCoopers Singapore, where he had served since 1986 before his retirement from the group on June 30 this year.

Separately, SGX announced that its board members Kwa Chong Seng and Kevin Kwok will both be considered non-independent from Sept 20 this year, on account of each having completed nine consecutive years of service on the bourse's board.

With this, independent non-executive director Beh Swan Gin will be appointed as SGX's lead independent director from Sept 20, 2021. He was recently appointed chairman of the nominating and governance committee (NGC) with effect from June 15 this year.

Mr Yeoh will serve as the bourse's audit committee chairman as well as a member of the risk management committee with effect from Sept 1. He will replace Mr Kwok, who steps down from his position as chairman of the audit committee but remains a member.

Meanwhile, Mr Kwa has stepped down as chairman of the NGC and of the Remuneration and Staff Development Committee (RSDC), but remains a member of both committees. He is succeeded by Mr Lim Chin Hu as chairman of the RSDC, effective today.

As at 9.48am, shares of SGX were trading three cents, or 0.3 per cent, lower at $11.15.

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