IREIT Global Group Pte. Ltd - Annual Report 2015 - page 45

Corporate Governance Report
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and are provided with comprehensive information and
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contact information of each Board member, management
staff and the company secretary. The training covers
business activities of IREIT, its strategic directions and
policies, the regulatory environment in which IREIT and
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governance practices, and statutory and other duties
and responsibilities as directors. Where a director has no
prior experience as a director of a listed company, further
training in areas such as accounting, legal and industry
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appointed for an initial period of three years and may
be re-elected at the discretion of the Board. The letter of
appointment that is issued to each director sets out the
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contract directly with IREIT.
Chairman and CEO
Principle 3: A clear division of responsibilities between the
leadership of the Board and executives responsible for
management
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to each other and there is no business relationship between
them. This is consistent with the principle of instituting an
appropriate balance of power and authority.
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at the Board with management on strategy, business
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general.
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responsibilities over the business direction and operational
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between management and the Board, Unitholders and
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Board Membership
Principle 4: A formal and transparent process for the
appointment and re-appointment of directors to the Board
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the Board has deemed it unnecessary at this point to
establish a nominating committee. The Board shall
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appointment of suitable candidates to join the Board
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ability to perform, commitments, independence and the
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appointments and resignations of Board members are
approved by the Board.
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retirement by rotation. For good corporate governance,
the directors may be subject to re-nomination and re-
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number of listed company board directorships each Board
member may hold so long as each of the Board members
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Board Performance
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of the Board as a whole and the contribution by each
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Directors are requested to complete an assessment
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on the various aspects of the performance of the Board
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recommendations by all the directors will be reviewed and
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as well as the contributions of each director to the Board
form part of the evaluation.
The directors have completed the assessment and
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2015. The Board has conducted an evaluation on the
performance of the directors and concluded that the
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Access to Information
Principle 6: Board members to be provided with complete,
adequate and timely information prior to Board meetings
and on an ongoing basis
IREIT Global ANNUAL REPORT 2015
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