Singapore Post (SingPost) has announced the appointment of three new non-executive independent directors to its board. The directors were assessed and selected based on expertise, leadership competency and board composition criteria, recommended as part of the company’s Corporate Governance Review which took place earlier this year.
The three directors include Fang Ai Lian, Elizabeth Kong and Bob Tan. Their respective appointments meet the corporate governance review’s recommendations to prioritize legal expertise and financial/accounting expertise, as well as to increase gender diversity.
Fang qualified as a chartered accountant in England and is a Fellow of the Institute of Chartered Accountants of England and Wales, as well as a Fellow of the Institute of Singapore Chartered Accountants. She joined Ernst & Young (E&Y) in 1974 and held successive senior roles, including as its managing partner in 1996 and chairman from 2005 to retirement in 2008. Fang is an advisor to the Far East Organization Group and serves as a director on the boards of Metro Holdings and Banyan Tree Holdings Limited.
Kong is a director at Morgan Lewis Stamford and holds a BA (Hons) Law, double first class, from Cambridge University in the UK. Kong’s practice as a lawyer focuses on mergers and acquisitions, capital markets, corporate finance and securities regulations. She regularly writes for legal journals and her representative publications include The Mergers & Acquisitions Review: Singapore, Law Business Research.
Tan is a Fellow of the Institute of Chartered Accountants of England and Wales. He serves as a director on the boards of three other listed companies, namely Ascott Residence Trust Management, SMRT Corporation and Sembcorp Marine.
Simon Israel, chairman of SingPost, said, “We welcome Fang, Kong and Tan 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 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.”
October 12, 2016