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Keppel Land was also awarded the Best Annual ReportAward for listed companies with market capitalisation ofmore than $500 million at the inaugural Singapore CorporateAwards, organised by The Business Times in collaborationwith UBS and supported by the Singapore Exchange.The Company also took the runner-up award for the MostTransparent Company under the property category at theSecurities Investors Association (Singapore) Investors’Choice Awards 2006.To demonstrate its commitment to corporate socialresponsibility (CSR), Keppel Land has joined SingaporeCompact, which serves as a national platform for fosteringdialogue and collaboration on CSR. Keppel Land sharesSingapore Compact’s belief in the importance of integratingsocial values and mission within business decision-making toachieve positive and sustainable outcomes towardsbusiness, environment and the community at large.It also joined the Singapore Green Business Alliance, anassociation that promotes environmental protection, bestpractices and cooperation among Singapore companies.More recently, Keppel Land has decided to support MainlyI Love Kids in the Share a Meal (SAM) programme for lessprivileged children. SAM is a fund set up for needy studentsfrom low income families in crisis. The Company will matchdollar-for-dollar what staff donate to the fund.Talent management for growthAs Keppel Land continues to expand regionally, leadership inkey positions becomes increasingly important. Severalmanagement development programmes have beenimplemented to address this issue. Of these, the YoungManagers Development Programme aims to groom futureleaders in middle management positions by identifying andplacing promising young executives in a five-yeardevelopment programme, while the Local ManagersDevelopment Programme aims to grow local talents inKeppel Land’s overseas offices with the long-term objectiveof localising the management team overseas.Emphasis on safety cultureA Board Safety Committee has been set up early this year tosupport management’s efforts to foster a safety culture inthe Company.Comprising four independent Directors, the Board SafetyCommittee will strengthen Keppel Land’s commitment tosafe practices in all its operations both in Singapore andoverseas. Emphasis will be given to staff training and otherefforts that are fundamental and have an enduring effect onsafe work processes and procedures.The Board Safety Committee will guide the Workplace Safetyand Health Committee, comprising representatives frombusiness units, in the formulation of safety policies to ensurethat processes, checks and balances and audit protocols arein place and strictly adhered to by everyone involved in anyKeppel Land project. Ultimately, we aim to create in KeppelLand a safety culture that drives all employees’ thoughts andactions in their personal and professional lives.AcknowledgementsI wish to acknowledge the contribution of the late Mr ThaiChee Ken, who had served the Keppel Land Board from1997 until March 2006. He had contributed much to thegrowth of the Company and made valuable contribution,particularly as Chairman of the Audit Committee, andMember of the Nominating Committee.During the year, the Keppel Land Board appointed a newindependent Director, Ambassador Edward Lee. Over thepast 20 years, Mr Lee has served as Singapore Ambassadorto Indonesia and the Philippines as well as the SingaporeHigh Commissioner to Brunei. I am confident that Mr Lee’sstrong network and understanding of the Asian political andbusiness climate will help the Board chart the direction of theGroup’s future growth overseas.Keppel Land’s management and staff have worked hard tomeet the challenges in the market place in Singapore andoverseas. I wish to thank them for their efforts.I would also like to take this opportunity to thank shareholders,business partners and customers for their continued support.With the support of all stakeholders, Keppel Land hopes tocontinue to perform well for 2007.Yours sincerely,Lim Chee OnnChairman9 March 2007Chairman’s messageKeppel Land LimitedReport to Shareholders 2006