C O R P O R A T E G O V E R N A N C E
Disclosure Guide
Guideline
Questions
How has the Company complied?
General
(a)
Has the Company complied with all
the principles and guidelines of the
Code? If not, please state the specific
deviations and the alternative corporate
governance practices adopted by the
Company in lieu of the recommendations
in the Code.
Please refer to the disclosures in this table for
the specific deviations from the Singapore Code.
(b)
In what respect do these alternative
corporate governance practices achieve
the objectives of the principles and
conform to the guidelines in the Code?
The Manager has adopted alternative corporate
governance practices which reflect the fact that
the Manager itself is not a listed entity, which in
this context is Ascendas Real Estate Investment
Trust (“A-REIT”), which is managed externally by
the Manager.
Board Responsibility
Guideline 1.5
What are the types of material transactions
which require approval from the Board?
Please refer to page 98 of the report.
Members of the Board
Guideline 2.6
(a)
What is the Board’s policy with regard
to diversity in identifying director
nominees?
Please refer to page 100 of the report.
(b)
Please state whether the current
composition of the Board provides
diversity on each of the following – skills,
experience, gender and knowledge
of the Company, and elaborate with
numerical data where appropriate.
Please refer to page 100 of the report.
The current composition of the Board provides
diversity in relation to skills, experience and
knowledge of the Company. In relation to
gender diversity, the Manager notes that the
Board originally comprised eight members.
However, the only female member, Ms Low Yen
Ling had resigned on 1 October 2013 following
her appointment as Parliamentary Secretary,
Ministry of Social and Family Development.
The Manager has plans to expand the Board to
comprise nine members of which two members
will be female.
(c)
What steps has the Board taken to
achieve the balance and diversity
necessary to maximize its effectiveness?
Please refer to page 100 of the report.
ASCENDAS REAL ESTATE INVESTMENT TRUST ANNUAL REPORT 2014/15
