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F J Benjamin Reshapes Board Committees to Maintain Regulatory Compliance

Story Highlights
  • F J Benjamin has restructured key board roles, elevating independent directors Leon Yee as Lead Independent Director and Beng Khim Teoh as Audit Committee chair.
  • Executive chairman Eli Benjamin joins the Audit and Nominating committees on an interim basis to meet regulatory requirements while the company seeks another independent director.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
F J Benjamin Reshapes Board Committees to Maintain Regulatory Compliance

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The latest update is out from FJ Benjamin Holdings Ltd. ( (SG:F10) ).

F J Benjamin Holdings has reshuffled its board and board committee roles following the retirement of former lead independent director Liew Choon Wei, as it continues to search for a replacement independent director. Existing independent director Yee Kee Shian, Leon has been appointed Lead Independent Director while retaining his roles as chairman of the Nominating and Remuneration Committee and member of the Audit Committee, and fellow independent director Teoh Beng Khim has been named chairman of the Audit Committee while remaining on the Nominating and Remuneration Committee. Executive chairman Eli Manasseh Benjamin has been temporarily added as a member of both the Audit Committee and the Nominating and Remuneration Committee to ensure the Audit Committee meets the minimum three-member requirement under Singapore’s Companies Act and Catalist rules. The board emphasised that Benjamin’s committee appointments are interim and that the company remains actively seeking an additional independent director to ultimately align its Audit and Remuneration Committee composition with the 2018 Code of Corporate Governance, signaling a continued focus on regulatory compliance and best-practice governance for shareholders and other stakeholders.

The most recent analyst rating on (SG:F10) stock is a Sell with a S$0.01 price target. To see the full list of analyst forecasts on FJ Benjamin Holdings Ltd. stock, see the SG:F10 Stock Forecast page.

More about FJ Benjamin Holdings Ltd.

F J Benjamin Holdings Ltd is a Singapore-incorporated holding company whose group operates in the consumer and retail sector, overseeing subsidiaries that manage branded goods and related lifestyle businesses across the region. The company is listed on the Singapore Exchange’s Catalist board and is subject to its corporate governance and listing requirements.

Average Trading Volume: 414,428

Technical Sentiment Signal: Sell

Current Market Cap: S$13.06M

See more insights into F10 stock on TipRanks’ Stock Analysis page.

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