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REPORTS
The attendance of the H-REIT Manager Directors and the HBT Trustee-Manager Directors
at meetings of the Board and Committees of the Managers, as well as the frequency
of such meetings during 2016, are disclosed below. Notwithstanding such disclosure,
the H-REIT Manager Board and the HBT Trustee-Manager Board are of the view that
the contribution of each Director should not be focused only on his/her attendance at
meetings of the Board and/or the Committees.
A Director’s contribution also extends beyond the confines of the formal environment of
such meetings, through the sharing of views, advice, experience and strategic networking
relationships which will further the interests of H-REIT and HBT.
Directors’ Attendance at Board and Committee Meetings of the H-REIT Manager and HBT Trustee-Manager in 2016
Board
ARC
NRC
No. of Meetings held in 2016
5
5
–
Name of Directors
Number of meetings attended in 2016
Wong Hong Ren
5
N. A.
–
Vincent Yeo Wee Eng
5
N. A.
N. A.
Jenny Lim Yin Nee
5
5
N. A.
Jimmy Chan Chun Ming
(1)
2
2
N. A.
Daniel Marie Ghislain Desbaillets
(2)
4
N. A.
–
Ronald Seah Lim Siang
5
5
–
Ronald Issen
(3)
4
N. A.
N. A.
Foo Say Mui (Bill)
(4)
2
3
–
(1)
Mr Jimmy Chan Chun Ming, who resigned as a Director on 11 May 2016, had attended two Board Meetings and two ARC Meetings held
prior to his resignation.
(2)
Mr Daniel Marie Ghislain Desbaillets, who resigned as a Director on 13 September 2016, had attended four Board Meetings held prior to
his resignation.
(3)
Mr Ronald Issen, who resigned as a Director on 13 September 2016, had attended four Board Meetings held prior to his resignation.
(4)
Dr Foo Say Mui (Bill), who was appointed a Director on 11 May 2016, had attended two Board Meetings and three ARC Meetings held after
his appointment.
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”.
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, and these include
decisions on material capital expenditure and undertakings or all acquisition and disposal
of properties 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 which require the approval of the respective Boards
and Committees.
CORPORATE GOVERNANCE
75
Annual Report 2016