IREIT Global Group Pte. Ltd - Annual Report 2015 - page 46

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records and information.
The Board is provided with complete and adequate
information on a timely basis so as to allow the Board
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responsibilities. Usually, board papers are sent out at
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matters may be tabled at the meeting itself, or discussed
without papers being distributed.
The Board has separate and independent access to the
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at all times. The company secretary or a representative of
the company secretary attends to all corporate secretarial
administration matters and attends all Board meetings. The
appointment and removal of the company secretary is a
matter for the Board as a whole. The Board also has access
to independent professional advice where appropriate and
when requested.
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independent professional advice, where appropriate and
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REMUNERATION MATTERS
Procedures for Developing Remuneration Policies
Principle 7: A formal and transparent procedure for
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remuneration packages for individual directors
Level and Mix of Remuneration
Principle 8: The level and structure of remuneration should
be appropriate to attract, retain and motivate, but not
excessive
Disclosure on Remuneration
Principle 9: Disclosure on remuneration policies, the level
and mix of remuneration and the procedure for setting
remuneration
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the Board has deemed it unnecessary at this point to
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has no personnel of its own. IREIT does not pay directors’
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paid basic fees for their board and board committee
membership. Directors’ fees are reviewed periodically to
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Corporate Governance Report
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decide on their own fees.
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best industry practices and Unitholders’ interests.
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a director’s fee structure and level which are aimed to be
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Individual non-executive directors’ fees were determined
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The total costs of governance, as well as the average
director’s fees were targeted around the median of the
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Individual executives’ remuneration levels were determined
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The compensation consists of a guaranteed component
and an incentive component. The incentive component is
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achieved.
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human resources consultant to conduct a review of the
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directors, management and employees.
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comparable Singapore-listed REITs. The consultant provided
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and remuneration levels, and their alignment with IREIT’s
remuneration policy.
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