The Board of Directors of Frasers Centrepoint Asset Management (Commercial) Ltd. announced that it has established a Nominating and Remuneration Committee on 16 September 2016. The NRC comprises the following Board Members: Chairman - Mr. Tan Guong Ching, Independent Non-Executive Director, Member - Dr. Chua Yong Hai, Independent Non-Executive Director, Member - Mr. Chay Wai Chuen, Independent Non-Executive Director and Member - Mr. Christopher Tang Kok Kai, Non-Executive Director. The responsibilities of the NRC include assisting the Board relating to (a) the appointment and re-appointment of Directors to the Board, (b) evaluation of the performance and the effectiveness of the Board and its board committees, (c) determination of the independence of Directors, (d) succession plans for Directors and the Chief Executive Officer, and (e) remuneration for Directors and key executive officers of the Manager.