SingPost appoints new directors

Singapore Post (SingPost) has announced the appointment of three new Non-Executive Independent Directors to its Board: Fang Ai Lian, Elizabeth Kong and Bob Tan. Fang Ai Lian joined Ernst & Young in 1974 and held successive senior roles She was its Managing Partner (in 1996) and Chairman from 2005 to retirement in 2008. Mrs Fang is an Advisor to the Far East Organization Group and serves as a Director on the Boards of two other listed companies, Metro Holdings and Banyan Tree Holdings Limited.

Elizabeth Kong is a Director at Morgan Lewis Stamford LLC  and her practice as a lawyer focuses on mergers and acquisitions, capital markets, corporate finance and securities regulations.

Bob Tan serves as a Director on the Boards of three other listed companies: Ascott Residence Trust Management Ltd, where he is the Chairman of the Board; SMRT Corporation Ltd; and Sembcorp Marine Ltd.

Simon Israel, Chairman of SingPost, said: “We welcome Ai Lian, Elizabeth and Bob to the SingPost Board. These appointments bring governance and professional experience, critical skills, as well as greater diversity to strengthen the Board and its Committees.”

“The implementation of the recommendations of the Corporate Governance (CG) Review, together with new Director appointments, gives us a solid foundation to build on. Improving governance and Board effectiveness is a continuous process to which we are committed.”

In line with the CG Review and Recommendation, Singpost has established a Finance and Investment Committee (FIC), which comprises:

Simon Israel, Non-Independent (Chairman)
Bill Chang, Non-Independent
Justin Chen, Non-Independent
Elizabeth Kong, Independent

The FIC’s role is to provide the Board with advisory support on M&A, finance and investment matters for approval by the Board.

With the FIC, SingPost now has five Board Committees. The composition of the other four Board Committees has been revised to include the newly appointed Directors:

1. Audit Committee
Soo Nam Chow, Lead Independent Director (Chairman)
Zulkifli Bin Baharudin, Independent
Fang Ai Lian, Independent
Bob Tan, Independent

2. Board Risk and Technology Committee
Professor Low Teck Seng, Independent (Chairman)
Aliza Knox, Independent
Bill Chang, Non-Independent
Bob Tan, Independent

3. Compensation Committee
Fang Ai Lian, Independent (Chairman)
Zulkifli Bin Baharudin, Independent
Simon Israel, Non-independent

4. Nominations and Corporate Governance Committee
Zulkifli Bin Baharudin, Independent (Chairman)
Soo Nam Chow, Independent
Simon Israel, Non-independent
Elizabeth Kong, Independent