Ascendas REIT - Annual Report 2021

Corporate Governance Principle 3: Chairman and Chief Executive Officer The roles and responsibilities of the Chairman and the CEO are held by separate individuals, in keeping with the principles that there be a clear division of responsibilities between the leadership of the Board and Management and that no one individual has unfettered powers of decision-making. The non-executive independent Chairman is Dr Beh Swan Gin, whereas the CEO is Mr William Tay Wee Leong. They do not share any family ties. The Chairman and the CEO enjoy a positive and constructive working relationship between them, and support each other in their respective leadership roles. The Chairman provides leadership to the Board and facilitates the conditions for the overall effectiveness of the Board, Board Committees and individual Directors. This includes setting the agenda of Board meetings, ensuring that there is sufficient information and time at meetings to address all agenda items, and promoting open and constructive engagement among the Directors as well as between the Board and the CEO on strategic issues. The Chairman devotes considerable time to understanding the business of Ascendas Reit, as well as the issues and the competition that Ascendas Reit faces. He plays a significant leadership role by providing clear oversight, direction, advice and guidance to the CEO. He also maintains open lines of communication and engages with other members of Management regularly, and acts as a sounding board for the CEO on strategic and significant operational matters. Tenure Mix 0 to < 3 years 4 >3 to < 5 years 2 >7 to < 9 years 2 50.0% 25.0% 25.0% Age Spread 51 – 60 years 4 61 – 70 years 4 50.0% 50.0% Board Gender Diversity Female 1 Male 7 87.5% 12.5% Board Independence Independent 5 Non-Independent 3 62.5% 37.5% Annual Report 2021 119