Magnus Energy Group appoints Kushairi Bin Zaidel as Independent Non‐Executive Director
Board Committees were also reshuffled.
According to an SGX release, further to the announcement made on 26 September 2012, the Board of Directors of Magnus Energy Group Ltd. announced the appointment of Mr. Kushairi Bin Zaidel (“Mr Zaidel”) as Independent Non‐Executive Director of the Company with effect from 5 November 2012.
Mr Zaidel has also been appointed as Chairman of Nominating Committee (“NC”) and member of the Audit Committee (“AC”) and Remuneration Committee (“RC”).
The information required pursuant to Rule 704(6) of the SGX Listing Manual Section B: Rules of Catalist, containing the particulars on Mr Zaidel’s appointment shall be announced separately. Pursuant to Rule 704(7), the Board has reviewed and considers Mr Zaidel to be independent.
Following the appointment of Mr Zaidel, Mr Koh Teng Kiat shall relinquish his roles as interim member of AC, NC and RC and shall remain as Executive Director and Chief Operating Officer of the Company, and Datuk Idris Bin Abdullah shall relinquish his role as Chairman of NC and shall remain as Chairman of the Board, member of NC and AC and Chairman of RC.
Subsequent to the above appointment, the composition of the Board and Board Committees of the Company are reconstituted as follows with effect from 5 November 2012:
Board of Directors
1. Datuk Idris Bin Abdullah @ Das Murthy (Chairman/ Independent Non‐Executive Director)
2. Lim Kuan Yew (Managing Director)
3. Koh Teng Kiat (Executive Director/Chief Operating Officer)
4. Goh Boon Kok (Independent Non‐Executive Director)
5. Kushairi Bin Zaidel (Independent Non‐Executive Director)
Audit Committee
1. Goh Boon Kok (Chairman)
2. Datuk Idris Bin Abdullah @ Das Murthy (Member)
3. Kushairi Bin Zaidel (Member)
Nominating Committee
1. Kushairi Bin Zaidel (Chairman)
2. Goh Boon Kok (Member)
3. Idris Bin Abdullah @ Das Murthy (Member)
Remuneration Committee
1. Datuk Idris Bin Abdullah @ Das Murthy (Chairman)
2. Goh Boon Kok (Member)
3. Kushairi Bin Zaidel (Member)