Download Full Report - Ascendas REIT
Download Full Report - Ascendas REIT
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Corporate Governance<br />
The composition will be reviewed regularly to ensure that the Board has the appropriate mix of expertise and experience.<br />
Chairman and Chief Executive Officer<br />
The positions of Chairman and Chief Executive Officer are held by two separate persons in order to maintain effective<br />
segregation of duties.<br />
The Chairman ensures that the members of the Board work together with Management in a constructive manner to<br />
address strategies, business operations and enterprise issues.<br />
The Chief Executive Officer has full executive responsibilities over the business direction and operational decisions of<br />
managing A-<strong>REIT</strong>.<br />
The Manager has a policy that at least one-third of the Board should be independent directors. This enables<br />
management to benefit from their external and objective perspective of issues that are brought before the Board. A<br />
healthy exchange of ideas and views between the Board and Management through regular meetings and updates will<br />
enhance the management of A-<strong>REIT</strong>. This, together with a clear separation of roles between the Chairman and Chief<br />
Executive Officer, provides a healthy and professional relationship between the Board and Management.<br />
Each director of the Manager has the right to seek independent professional advice on matters relating to A-<strong>REIT</strong> at the<br />
Manager’s expense. However, prior approval of the Chairman is required, which may not be unreasonably withheld.<br />
The Board has established various committees to assist it in discharging its responsibilities. These committees are<br />
listed below.<br />
• Executive Committee<br />
• Audit Committee<br />
• HR & Compensation Committee<br />
• Nominating Committee<br />
Members of the respective committees<br />
Board members<br />
Executive<br />
Committee<br />
Audit Committee<br />
HR and<br />
Compensation<br />
Committee<br />
Nominating<br />
Committee<br />
Mr David Wong Cheong Fook C C<br />
Ms Chong Siak Ching C M M<br />
Mr Joseph Chen Seow Chan C M<br />
Mr Chia Kim Huat M M M<br />
Mr Koh Soo Keong M M<br />
Mr Henry Tan Song Kok<br />
M<br />
Mrs Monica Tomlin<br />
M<br />
Mr Tan Ser Ping<br />
M<br />
Denotes C – Chairman; M – Member<br />
92 <strong>Ascendas</strong> real estate investment trust
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