Governance For Stakeholders
BM Mobility: A way for directors to skip elections?
By Mak Yuen Teen On 16 August 2019, BM Mobility announced that Geoffrey Ng Ching Fung had been appointed as an independent director of the company with effect from that date. In its announcement, it said that Mr Ng was the “Independent Director, Chairman of the Remuneration Committee and a member of the Audit and Nominating Committees prior to him retiring as Director at the Company’s Annual General Meeting held on 16 August 2019”. Mr Ng was first appointed to the board on 12 June 2018. That was after the company’s 2018 AGM which was held on 26 April 2018. Therefore, he would have been required to be elected at the first AGM after his appointment. That AGM was held on 16 August 2019. (The company changed its year end from 31 December to 31 March, applied to SGX