63
ANNUAL REPORT 2014
CORPORATE GOVERNANCE
A Director’s contribution may also extend beyond the confines of the formal environment of
such meetings, through the sharing of views, advice, experience and strategic networking
relationships which would further the interests of H-REIT and HBT.
Directors’ Attendance at Board and Committee Meetings of the H-REIT Manager in 2014
Board
AC
RMC
No. of Meetings held in 2014
6
4
2
Name of Directors
Number of meetings attended in 2014
Wong Hong Ren
5
N. A.
N. A.
Vincent Yeo Wee Eng
6
N. A.
2
Jenny Lim Yin Nee
6
4
2
Jimmy Chan Chun Ming
6
4
N. A.
Daniel Marie Ghislain Desbaillets
5
N. A.
N. A.
Ronald Seah Lim Siang
5
4
2
Ronald Nathaniel Issen
#
5
N. A.
N. A.
#
Mr Ronald Nathaniel Issen, who was appointed a Director on 7 April 2014, had attended all 5 Board Meetings held
following his appointment.
Directors’ Attendance at Board and Committee Meetings of the HBT Trustee-Manager in 2014
Board
AC
RMC
No. of Meetings held in 2014
4
4
1
Name of Directors
Number of meetings attended in 2014
Wong Hong Ren
4
N. A.
N. A.
Vincent Yeo Wee Eng
4
N. A.
1
Jenny Lim Yin Nee
4
4
1
Jimmy Chan Chun Ming
4
4
N. A.
Daniel Marie Ghislain Desbaillets
4
N. A.
N. A.
Ronald Seah Lim Siang
4
4
1
Ronald Nathaniel Issen
#
3
N. A.
N. A.
#
Mr Ronald Nathaniel Issen, who was appointed a Director on 7 April 2014, had attended all 3 Board Meetings held
following his appointment.
H-REIT Manager Board and the HBT Trustee-Manager Board Approval
The H-REIT Manager Board and the HBT Trustee-Manager Board have in place an internal guide
wherein certain key matters are specifically reserved for approval by the H-REIT Manager Board
and the HBT Trustee-Manager Board respectively, such as decisions on material acquisition
and disposal of assets or undertakings of H-REIT and HBT, setting of strategic decisions or
policies or financial objectives which are, or may be significant, in terms of future profitability
or performance of H-REIT and HBT as well as decisions to commence, discontinue or modify
significantly any business activity or to enter or withdraw from a particular market sector,
corporate or financial restructuring, decisions over new borrowings or significant amendments
to the terms and conditions of existing borrowings other than in the ordinary course of business,
adoption of corporate governance policies and any other matters which require the H-REIT
Manager Board or the HBT Trustee-Manager Board approval as prescribed under the relevant
legislations and regulations as well as the provisions of the H-REIT or HBT Trust Deeds.
The Management of the H-REIT Manager and HBT Trustee-Manager are fully apprised of
such matters.
Guideline 1.5
What are the types of
material transactions
which require approval
from the Board?
Please refer to the
paragraph under
the heading “H-REIT
Manager Board and the
HBT Trustee-Manager
Board Approval”.
