92 CapitaLand Ascendas REIT Corporate Governance CLI IA employs suitably qualified professional staff with the requisite skill sets and experience, including IT auditors with the relevant professional IT certifications who are also members of the ISACA Singapore Chapter, a professional body administering information systems audit and information security certifications that is headquartered in the United States (US). CLI IA provides training and development opportunities for its staff to ensure their technical knowledge and skill sets remain current and relevant. Unitholder Rights and Engagement Principles 11, 12 and 13: Shareholder Rights and Conduct of General Meetings, Engagement with Shareholders, Managing Stakeholder Relationships The Manager is committed to treating all Unitholders fairly and equitably. All Unitholders enjoy specific rights under the Trust Deed and the relevant laws and regulations. General Meetings CLAR encourages Unitholder participation and voting at general meetings. Unitholders may download the Annual Report and the notice of the general meeting from the Website and SGXNet. The notice of the general meeting, proxy form and request form for the printed annual report / circular are mailed to Unitholders. More than the legally required notice period for general meetings is generally provided. To safeguard Unitholders' interests and rights, a separate resolution is proposed for each substantially separate matter to be approved at a general meeting, unless the issues are interdependent and linked to form one significant proposal. Where the resolutions are bundled, the reasons and material implications are explained in the notice of general meeting to enable Unitholders to make an informed decision. In FY 2025, CLAR held an annual general meeting (2025 AGM) on 25 April 2025, and an extraordinary general meeting (EGM) on 30 July 2025, by way of a physical meeting (collectively, the 2025 General Meetings). Unitholders submitted questions to the chairman of the meeting in advance of the 2025 General Meetings, and substantial and relevant questions received from Unitholders were addressed before the 2025 General Meetings via publication on the Website and SGXNet, or at the meetings. Unitholders could vote at the 2025 General Meetings themselves or through duly appointed proxy(ies). All Directors attended the 2025 AGM. The AGM to be held on 24 April 2026 (2026 AGM) will be a physical meeting. Further information on the arrangements relating to 2026 AGM is provided in the Notice of AGM 2026. Unitholders are entitled to attend, participate and vote at general meetings (including through the appointment of proxies or representatives) and communicate their views, ask questions and discuss with the Board and Management on matters affecting CLAR. Representatives of the Trustee, Directors (including the chairmen of the Board Committees), KMP and CLAR’s external auditors, attend to address any queries from Unitholders. Presentation materials for the general meetings are available on the Website and SGXNet. To ensure transparency in the voting process and better reflect Unitholders' interests, CLAR conducts electronic poll voting for all the resolutions proposed at general meetings. One Unit is entitled to one vote. Voting procedures and the rules governing general meetings are explained and votes cast on each resolution, and the respective percentages, are displayed live on-screen at the general meetings. An independent scrutineer is appointed to validate the vote tabulation procedures. The results of the votes cast on the resolutions are announced on SGXNet after the general meetings. Provision 11.4 of the Code requires an issuer's constitution to allow for absentia voting at general meetings. CLAR's Trust Deed currently does not permit Unitholders to vote at general meetings in absentia (such as via mail or email). The Manager is of the view that although this may be considered a partial deviation from Provision 11.4 of the Code as Unitholders or their duly appointed proxy(ies) are still required to attend the general meeting virtually in order to avail themselves of real-time remote electronic voting, Unitholders nevertheless now have greater opportunities (in addition to the proxy regime) to communicate their views on matters affecting CLAR even when they are not physically in attendance at general meetings. Unitholders can access the minutes of the general meetings on the Website. Accordingly, the rights of the Unitholders are consistent with the intent of Principle 11 of the Code. Distribution Policy CLAR's distribution policy is to distribute at least 90.0% of its taxable income (other than gains from the disposal of properties, and unrealised surplus on revaluation of investment properties and investment properties under development) on a semi-annual basis, with the actual level of distribution to be determined at the Manager's discretion. Distributions are generally paid within 35 market days after the relevant record date. In FY 2025, CLAR made three distributions to Unitholders.
RkJQdWJsaXNoZXIy NTM2MDQ5