EHT makes changes to board committees
EAGLE Hospitality Trust (EHT) on Monday announced fresh changes to its composition of board committees, following a month after it dropped independent director Carl Gabriel Florian Stubbe.
The board of directors of the managers have appointed Lau Chun Wah as chairman of the special committee of the managers (SC), and chairman of the nominating and remuneration committee (NRC) of the real estate investment trust (Reit) manager. Tarun Kataria was also appointed as a member of the NRC.
The new composition of the SC comprises Mr Lau, Mr Kataria, Kelvin Tan and Salvatore Takoushian. The new composition of the NRC comprises Mr Lau, Mr Kataria and Mr Tan.
There is no change to the composition of the audit and risk committee of the Reit manager.
Earlier in August, EHT announced that Mr Stubbe, formerly an independent director, was not re-elected by the Reit managers' shareholder, Mandarin West Holding, even though he had offered himself for re-election and was "willing and desired" to continue his role as independent director.
A NEWSLETTER FOR YOU
Property Insights
Get an exclusive analysis of real estate and property news in Singapore and beyond.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Oil settles lower as US business activity cools, concerns over Middle East ease
Europe: Stoxx 600 falls on banks drag; tech contains losses on ASMI boost
US: Stocks end flat ahead of key inflation data
TikTok suspends new app’s reward programme amid EU concerns
Hong Kong spot crypto ETFs to start trading next week
Cordlife substantial shareholder Nanjing Xinjiekou still mulling over offer to buy over remaining shares