CORPORATE
GOVERNANCE REPORT
Board Performance
Principle 5
evaluation of the performance of the Board as a whole and the audit Committee together with the directors was conducted by
questionnaires. the objective of such evaluation is to ensure that the Board, the audit Committee and the directors continued
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Access to Information
Principle 6
the Board meets regularly, and at least four times a year with meeting dates scheduled prior to the beginning of the year.
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statements of key operating entities of the group and other relevant information with respect to the performance, and
business activities and development of the group. throughout the year, directors participate in the deliberation and approval of
routine and operational matters of the trustee-Manager by way of written resolutions with supporting explanatory materials,
supplemented by additional verbal and/or written information from the Company secretary, the deputy Company secretary, or
other executives as and when required. details of material or notable transactions of subsidiaries and associated companies are
provided to the directors as appropriate. whenever warranted, additional Board meetings are held. in addition, directors have
full access to information on the group and independent professional advice at the expense of hph trust at all times whenever
deemed necessary by the directors and they are at liberty to propose appropriate matters for inclusion in Board agendas.
directors also have separate and independent access to Management, the Company secretary and the deputy Company
secretary at all times.
the Company secretary, Ms. lim Ka Bee, and the deputy Company secretary, Ms. edith shih, are accountable to the Board for
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are achieved through adherence to proper Board processes and the timely preparation and dissemination to directors of
comprehensive Board meeting agendas and papers. Minutes of all Board and audit Committee meetings are prepared and
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Board and audit Committee meetings are sent to directors and audit Committee members respectively for comments, approval
and records. Board records are available for inspection by any director upon request.
the Company secretary and the deputy Company secretary are responsible for ensuring that the Board is fully apprised of
all legislative, regulatory and corporate governance developments of relevance to the group and that it takes these into
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and interest and disseminate reference materials to directors for their information.
REMuNERATION MATTERS
Procedures for Developing Remuneration Polices
Principle 7
directors’ remuneration and fees are borne by the trustee-Manager and not hph trust. in practice, the directors’ remuneration
and fees are paid out from the trustee-Manager’s fee income, subject to the Board’s endorsement and approval by the
shareholder of the trustee-Manager.
no remuneration Committee has been established as all the directors are appointed and remunerated by the trustee-Manager,
and not hph trust.
the trustee-Manager has established policy on, and formal procedure for determining, executive remuneration, which is
subject to review by the Board from time to time.
CORPORATE GOVERNANCE REPORT
48
C A P I T A L I S I N G O N M O M E N T U M
