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Linkers Industries Ltd (NASDAQ:LNKD) reported changes to its board of directors and committee memberships, according to a statement released Monday based on a recent SEC filing.
The company’s board received the resignations of Ms. Carrie Chiu Ying Yu and Ms. Kelly Wai Yan Hui from their roles as independent directors, effective at the close of business on Friday. Ms. Yu also resigned from the Compensation, Audit, and Nominating and Corporate Governance Committees. Ms. Hui stepped down as Chair of the Compensation Committee and as a member of the Audit and Nominating and Corporate Governance Committees. Both individuals cited personal reasons for their departures and did not resign due to any dispute or disagreement with the company or its board.
Effective Friday, the board appointed Ms. Wan Man Chan and Ms. Lee Chern Koay as independent directors. Ms. Chan will serve as a member of the Compensation, Audit, and Nominating and Corporate Governance Committees. Ms. Koay will serve as Chair of the Compensation Committee and as a member of the Audit and Nominating and Corporate Governance Committees. The company stated that both appointees meet the Nasdaq Stock Market independence requirements.
Ms. Chan, age 57, holds a bachelor’s degree in accountancy from The Hong Kong Polytechnic University and a master’s degree in international finance from The University of Amsterdam. She has over 20 years of experience in investment banking and currently serves as treasurer of Christian Counselling Service in Singapore.
Ms. Koay, age 56, is a fellow member of the Association of Chartered Certified Accountants and has more than 20 years of experience in audit and accounting. She is also an independent director at Powell Max Limited (NASDAQ:PMAX) and currently works as a financial accountant at Land Real Pty Limited in Australia.
Following these changes, the company redesignated its committee memberships. Mr. Wai Kuen Cheung will chair the Audit Committee and serve as a member of the other two committees. Mr. Norman Chun Kin Hui will chair the Nominating and Corporate Governance Committee. Mr. Lionel Khuat Leok Choong, Ms. Chan, and Ms. Koay will serve as members across the committees, with Ms. Koay chairing the Compensation Committee.
This information is based on a press release statement from Linkers Industries Ltd.
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