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The total remuneration mix of key executive offcers comprises annual salary and annual performance bonus. The fxed annual
salary includes the basic salary plus fxed allowances. The performance bonus is tied to the individual employee’s performance
and the performance of A-REIT. This allows the Manager to align key executives’ remuneration with long term goals of A-REIT.
No compensation is payable to any Director, senior management or staff of the Manager in the form of options in units or
pursuant to any bonus or proft-sharing plan or any other proft-linked agreement or arrangement under the service contracts.
COMMITTEES OF THE BOARD
The Board has established various committees to assist in discharging its responsibilities. These committees are listed below.
• Audit Committee
• Corporate Disclosure Committee
• Human Resource & Remuneration Committee
• Investment Committee
• Nominating Committee
Members of the respective committees are:
Board members Audit Investment HR and Nominating Corporate
Committee Committee Remuneration Committee Disclosure
Committee Committee
Mr Koh Soo Keong M C C M
Ms Chong Siak Ching C M M
Mr Joseph Chen Seow Chan C M
Mr Chia Kim Huat M M C
Mr Henry Tan Song Kok M M
Ms Monica Villegas Tomlin M M
Mr Teo Eng Cheong M M
Mr Tan Ser Ping M M
Denotes C – Chairman; M – Member
ACCOUNTABILITY
The Board is responsible for providing a balanced and comprehensive assessment of the A-REIT’s performance, position and
prospects, including interim and other price sensitive public reports and reports to the regulators (if required). To assist the Board
in this regard, Management provides timely, complete, adequate information to Board through emails.
Audit Committee
The Audit Committee (“AC”) is appointed by the Board from among the Directors of the Board, all of whom including the Chairman
of the AC are independent Directors. The members of the AC are Mr Joseph Chen (Chairman), Mr Chia Kim Huat, Mr Henry Tan and
Mr Teo Eng Cheong. During the year under review, the Board approved the appointment of Mr Teo Eng Cheong as an additional
member of the AC.
CORPORATE GOVERNANCE
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A DECADE OF ENABLING BUSINESSES