Keppel Corporation Limited announced the appointment of Mr. Till Vestring as Lead Independent Director with effect from 1 November 2021. Mr. Vestring was appointed Lead Independent Director by the independent Directors of the Board in view of the fact that Mr. Danny Teoh, Chairman of Keppel Corporation, having served for more than 9 years on the Board, would not be considered independent with effect from 1 January 2022. Mr. Vestring has been an independent director of the Company since February 2015 and is currently the Chairman of the Remuneration Committee and a member of the Nominating Committee. He will continue to serve in these roles after his appointment as Lead Independent Director takes effect. In conjunction with the appointment, the Board has adopted a Charter of the Lead Independent Director which, among other things, sets out the role of the Lead Independent Director as follows: (a) support the Board Chairman and the Board to ensure effective corporate governance in managing the affairs of the Board and the Company; (b) provide leadership in situations where the Board Chairman is conflicted; and (c) facilitate communication between the Board and shareholders or other stakeholders of the Company as necessary.