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58 <strong>The</strong> <strong>Link</strong> Real Estate Investment Trust <strong>Annual</strong> <strong>Report</strong> <strong>2007</strong><br />
Corporate Governance <strong>Report</strong><br />
expenditure and reviewing the quarterly financial performance, forecasts and annual financial plan of <strong>The</strong> <strong>Link</strong> <strong>REIT</strong>. It also<br />
reviews and recommends changes tofinancial authorities, policies or procedures in areas such as accounting, tax, treasury,<br />
dividend payout, investment appraisal, management and statutory reporting. <strong>The</strong> Finance and Investment Committee is<br />
required to meet at least four times a year and to report back to the Board on its decisions and progress on a regular basis as<br />
determined by the Committee and approved by the Board.<br />
During the year under review, the Finance and Investment Committee has performed the following tasks:<br />
i) reviewed and recommended the budget for thefinancial year for the Board’s approval;<br />
ii)<br />
reviewed and provided advice on the refinancing plans and structure;<br />
iii)<br />
reviewed and considered the feasibilities of respective asset enhancement projects;<br />
iv)<br />
reviewed and considered the treasury and cash management policies and procedures of <strong>The</strong> <strong>Link</strong> <strong>REIT</strong>;<br />
v) reviewed and considered proposals from the Manager regarding information and technology systems and carpark<br />
management information and automation system; and<br />
vi)<br />
reviewed and endorsed the revised delegation of financial authority to designated staff for the Board’s approval.<br />
<strong>The</strong> attendance record of the Finance and Investment Committee is as follows:<br />
FINANCE AND INVESTMENT COMMITTEE Year ended 31 March <strong>2007</strong> Year ending 31 March 2008 #<br />
Number of meetings held 8 1<br />
Members<br />
Patrick SUN (Chairman) 8/8 1/1<br />
Michael Ian ARNOLD 8/8 0/1<br />
Leslie CHAO Tse Hou 6/8 1/1<br />
CHEW Fook Aun (1) 3/3 1/1<br />
John HO Chi On (2) 4/4 1/1<br />
LIEW Mun Leong 1/8 0/1<br />
Thomas PANG Pui Yin (3) 5/5 n/a<br />
Nicholas Robert SALLNOW-SMITH (4) n/a 1/1<br />
Victor SO Hing Woh 8/8 1/1<br />
# Meetings held in thefinancial year to date<br />
(1) Mr CHEW Fook Aun was appointed as a member of the Finance and Investment Committee with effect from 1 February <strong>2007</strong><br />
(2) Mr John HO Chi On was appointed as a member of the Finance and Investment Committee with effect from 21 November 2006<br />
(3) Mr Thomas PANG Pui Yin ceased to be a member of the Finance and Investment Committee with effect from 1 February <strong>2007</strong><br />
(4) Mr Nicholas Robert SALLNOW-SMITH was appointed as a member of the Finance and Investment Committee with effect from 1 April <strong>2007</strong>
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