CapitaLand's Chairman of the Board retires

Dr Hu Tsu Tau will also relinquish his Chairmanship of the group's Investment Committee on 30 Apr 2012.

Dr Hu will be retiring as Director as from the Annual General Meeting on 30 April 2012 and is not seeking re-appointment pursuant to Section 153(6) of the Companies Act, Cap 50. Dr Hu will upon retirement concurrently cease to be Chairman of the Board and Chairman and Member of the Investment Committee, according to a CapitaLand report.

As Chairman, he is responsible for the Board and acts independently in the best interest of the Company and its shareholders. The Chairman ensures that the members of the Board and Management work together with integrity, competency and moral authority, and that the Board constructively engages Management on strategy, business operations, enterprise risk and other plans.