CITY DEVELOPMENTS LIMITED ANNUAL REPORT 2021 CORPORATE GOVERNANCE 24 25 BOARD OF DIRECTORS KWEK LENG BENG Executive Chairman PHILIP YEO LIAT KOK Non-Independent Non-Executive Director ONG LIAN JIN COLIN Independent Non-Executive Director DANIEL MARIE GHISLAIN DESBAILLETS Independent Non-Executive Director CHONG YOON CHOU Independent Non-Executive Director SHERMAN KWEK EIK TSE Executive Director Group Chief Executive Officer LEE JEE CHENG PHILIP Lead Independent Director CHAN SWEE LIANG CAROLINA (CAROL FONG) Independent Non-Executive Director TANG AI AI MRS WONG AI AI Independent Non-Executive Director KWEK LENG BENG, 81 Executive Chairman First appointment as Director 1 October 1969 Appointment as Executive Chairman 1 January 1995 Last re-election as Director 24 June 2020 (Will be seeking re-election at the 2022 Annual General Meeting) Board committees • Nominating Committee (Member) Present directorships in other listed companies* and principal commitments • Hong Leong Finance Limited* (Chairman/Managing Director) • Hong Leong Investment Holdings Pte. Ltd. (Executive Chairman) • Millennium & Copthorne Hotels Limited (Executive Chairman) Other appointments • Singapore Hotel Association (Member) • Singapore Institute of Directors (Fellow) Past directorships in other listed companies* and principal commitments held in the preceding five years • Hong Leong Asia Ltd.* (Non-Executive Chairman) • Millennium & Copthorne Hotels plc* (Non-Executive Chairman) (delisted and privatised in 2019 and now known as Millennium & Copthorne Hotels Limited) Mr Kwek has extensive experience in the real estate business, having joined City Developments Limited (CDL) in the late 1960s and since then has contributed significantly to building CDL’s more than five decades of track record. He grew the Group’s hospitality arm and has been actively involved in its development into Singapore’s largest international hotel group and one of the largest hotel owners and operators in the world. He also has extensive exper ience i n t he f i nance bus i ness , hav i ng grown from day one with the original Hong Leong Finance Limited which has since merged its finance business with Singapore Finance Limited (now known as Hong Leong Finance Limited). He is also experienced in the trading and manufacturing sectors. Mr Kwek has rece i ved numerous accolades. In 1997, he was named “Businessman of the Year 1996” by Singapore Business Awards, organised by The Business Times and DHL. In 2012, he was jointly awarded the “Partners in the Office of the CEO” award in the Brendan Wood International – Securities Investors Association Singapore (SIAS) TopGun CEO Designation Award with the late Mr Kwek Leng Joo (former Deputy Chairman of CDL). This award is given to CEOs who are best in class as rated by shareholders. In 2014, he received the inaugural Real Estate Developers’ Association of Singapore (REDAS) Lifetime Achievement Award which honours a pioneering group of real estate leaders. He received the Singapore Chinese Chamber of Commerce and Industry (SCCCI ) SG50 Outstanding Chinese Business Pioneers Award in 2015. The award honours the Republ ic’s outstanding Chinese business pioneers and their exemplary contributions to nation-building. That same year, he was accorded the Lifetime Achievement Awa r d f r om Ho t e l I n v e s tme n t Conference Asia Pacific (HICAP). This accolade honours exceptional individuals who have distinguished themselves t h r o u g h a c c omp l i s hme n t s a n d contributions to the hotel industry. I n 2017 , he was present ed the Lifetime Achievement Award at the Asia Pacific Entrepreneurship Awards organised by Enterprise Asia, a regional non-gove r nmen t a l o r gan i sa t i on for ent repreneurship. The award was in recognition of outstanding achievements, visionary leadership and steadfast dedication that led to the successful growth of the Hong Leong Group for over five decades. That same year, he clinched the inaugural Global Blue Ocean Shift Award, given at the Global Entrepreneurship Community Summit in Kuala Lumpur. Mr Kwek was awarded the Singapore Tatler Diamond Award (Lifetime Achievement) 2018, in recognition of his exceptional leadership that led Hong Leong Group to grow into a globally diversified enterprise. In 2020, Mr Kwek received on behalf of Hong Leong Group, the EY Family Bus iness Award of Excel lence. I t celebrated the Group’s successful , sustainable and long-term oriented strategy, effective and transparent corporate governance approach, and significant socio-economic contributions. Mr Kwek holds a law degree, LL.B. (London) and is also a fellow of The Institute of Chartered Secretaries and Administrators. He was also conferred an Honorary Doctorate of Business Administration in Hospital ity from Johnson & Wales University (Rhode Island, US) and an Honorary Doctorate from Oxford Brookes University (UK). Note: Hong Leong Investment Holdings Pte. Ltd. is the immediate and ultimate holding company of CDL. Hong Leong Finance Limited and Hong Leong Asia Ltd. are related companies under the Hong Leong Group of companies. Millennium & Copthorne Hotels Limited and CDL China Limited are subsidiaries of CDL.
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