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ANNUAL REPORT 2014
Independent Professional Advice
The Directors, whether as a group or individually, are entitled to take independent professional
advice at the expense of the H-REIT Manager and HBT Trustee-Manager, in furtherance of their
duties and in the event that circumstances warrant the same. The Managers have also put in
place internal guidelines allowing for the Directors to seek independent professional advice.
REMUNERATION MATTERS
Principle 7: Procedures for developing Remuneration Policies
Principle 8: Level and Mix of Remuneration
Principle 9: Disclosure on Remuneration
All Directors and employees of the Managers are remunerated by the H-REIT Manager and HBT
Trustee-Manager, not H-REIT nor HBT respectively.
Guideline 9.2
Has the Company disclosed each director’s and the CEO’s remuneration as well as a breakdown (in percentage or dollar
terms) into base/fixed salary, variable or performance-related income/bonuses, benefits in kind, stock options granted,
share-based incentives and awards, and other long-term incentives? If not, what are the reasons for not disclosing so?
Guideline 9.3
(a) Has the Company disclosed each key management personnel’s remuneration, in bands of S$250,000 or in more detail,
as well as a breakdown (in percentage or dollar terms) into base/fixed salary, variable or performance-related income/
bonuses, benefits in kind, stock options granted, share-based incentives and awards, and other long-term incentives?
If not, what are the reasons for not disclosing so?
(b) Please disclose the aggregate remuneration paid to the top five key management personnel (who are not directors or
the CEO).
Guideline 9.4
Is there any employeewho is an immediate familymember of a director or theCEO, andwhose remuneration exceeds S$50,000
during the year? If so, please identify the employee and specify the relationship with the relevant director or the CEO.
Guideline 9.6
(a) Please describe how the remuneration received by executive directors and key management personnel has been
determined by the performance criteria.
(b) What were the performance conditions used to determine their entitlement under the short-term and long-term
incentive schemes?
(c) Were all of these performance conditions met? If not, what were the reasons?
Disclosure on remuneration matters have not been provided as the Directors and employees of the Managers are
remunerated by the H-REIT Manager and HBT Trustee-Manager, and not H-REIT or HBT respectively.
Principle 10: Accountability
Accountability of the Board and Management of the H-REIT Manager and the HBT
Trustee-Manager
The H-REIT Manager Board and the HBT Trustee-Manager Board provide the Stapled Securities
Holders with quarterly and full year financial results of the H-REIT Group, the HBT Group and the
Stapled Group. Unaudited results of the H-REIT Group, the HBT Group and the Stapled Group
for the first, second and third quarter are released to Stapled Securities Holders within 45 days
of the end of each quarter whilst unaudited full year results of the H-REIT Group, HBT Group
and the Stapled Group are released within 60 days from the financial year end. In presenting the
full year and quarterly results of the H-REIT Group, the HBT Group and the Stapled Group, the
H-REIT Manager Board and HBT Trustee-Manager Board aim to provide the Stapled Securities
Holders with a balanced and understandable assessment of the performance and financial
position of the H-REIT Group, the HBT Group and the Stapled Group, with a commentary at the
date of the announcement of the significant trends and competitive conditions of the industry
in which it operates.
CORPORATE GOVERNANCE
Guidelines 9.2, 9.3, 9.4,
and 9.6
Please refer to the
section under the
heading "Remuneration
Matters".
