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<strong>Annual</strong> <strong>Report</strong> <strong>2007</strong><br />
<strong>The</strong> <strong>Link</strong> Real Estate Investment Trust<br />
59<br />
Corporate Governance <strong>Report</strong><br />
Human Resources and Compensation Committee<br />
<strong>The</strong> Human Resources and Compensation Committee has six members with three Independent Non-Executive Directors, two<br />
Non-Executive Directors and one Executive Director. Under its terms of reference, the Human Resources and Compensation<br />
Committee reviews and recommends the policies on remuneration, terms and conditions of employment of all staff and<br />
Directors other than the members of the Committee, whose terms and conditions of employment and remuneration are<br />
considered by the Board. It also recommends the manpower deployment plan including the succession plan for management<br />
and the Board. <strong>The</strong> Committee is required to meet at least twice a year and to report back to the Board on its decisions and<br />
progress on a regular basis as determined by the Committee and approved by the Board.<br />
During the year under review, the Human Resources and Compensation Committee has performed the following tasks:<br />
i) reviewed the organisation structure, manpower plan for <strong>2007</strong>/2008 and other related issues for the Board’s approval;<br />
ii)<br />
reviewed Directors’ remuneration and bonus payment for the employees of the Manager; and<br />
iii)<br />
proposed a long term incentive scheme for the Board’s endorsement for unitholders’ approval.<br />
<strong>The</strong> attendance record of the Human Resources and Compensation Committee is as follows:<br />
HUMAN RESOURCES AND Year ended 31 March <strong>2007</strong> Year ending 31 March 2008 #<br />
COMPENSATION COMMITTEE<br />
Number of meetings held 7 2<br />
Members<br />
Michael Ian ARNOLD (Chairman) 7/7 2/2<br />
John HO Chi On (1) 2/2 2/2<br />
Stanley KO Kam Chuen 7/7 2/2<br />
LIEW Mun Leong 1/7 1/2<br />
Victor SO Hing Woh 7/7 0/2<br />
Patrick SUN 6/7 1/2<br />
# Meetings held in thefinancial year to date<br />
(1) Mr John HO Chi On was appointed as a member of the Human Resources and Compensation Committee with effect from 4 October 2006<br />
Nomination Committee<br />
<strong>The</strong> Nomination Committee comprises five members with four Independent Non-Executive Directors and the remaining<br />
member being the Chief Executive Officer. On 1 April <strong>2007</strong>, Mr Nicholas Robert SALLNOW-SMITH, Chairman of the Manager was<br />
appointed as Chairman of the Committee to replace Mr Paul CHENG Ming Fun who retired with effect from 1 April <strong>2007</strong>. Under<br />
its terms of reference, the Committee is responsible for reviewing the structure, size and composition of the Board and its<br />
Committees on an ongoing basis and for nominating, and providing recommendations on, the appointment, re-appointment<br />
and removal of Directors. If a member of the Nomination Committee is subject to re-appointment or removal, then such<br />
Director will abstain from participating in such discussions. <strong>The</strong> Committee is required to meet at least twice a year and to<br />
report back to the Board on its decisions and progress on a regular basis as determined by the Committee and approved by the<br />
Board.
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