ANNUAL REPORT 2025 95 CORPORATE GOVERNANCE REPORT Board Process The Board meets at least four times a year at approximately quarterly intervals, with all Board and board committee meetings and the Annual General Meeting dates scheduled well in advance, in consultation with the Board. Among other things, the Board approves the half-yearly and full year fi nancial results for release to Singapore Exchange Securities Trading Limited (“SGX-ST”) and material transactions requiring announcements under the SGX-ST Listing Manual and notes perceptions of the key stakeholder groups on HPH Trust. Whenever warranted, additional meetings are held. Board meetings are also supplemented by resolutions circulated to Directors for decisions as and when necessary. The Trustee-Manager has adopted and documented internal guidelines setting forth matters reserved for Board approval (“Reserved Matters”). The Reserved Matters include: (a) matters in relation to the overall strategy and management of the Group; (b) material changes to the Group’s capital or corporate structure; (c) matters involving fi nancial reporting and distributions; (d) major investments, major capital projects, material transactions and transactions not in the ordinary course of business; (e) transactions between the Trustee-Manager for and on behalf of HPH Trust and any of its related parties; and (f) matters which require Board approval as specifi ed under the SGX-ST Listing Manual, BTA or other relevant laws and regulations. Board Committees The Board is supported by four permanent board committees: Audit Committee (“AC”), Nominating Committee (“NC”), Remuneration Committee (“RC”) and Sustainability Committee (“SC”), details of which are described later in this report. The terms of reference for these committees, which have been adopted by the Board, are available on the corporate website of HPH Trust. Other board committees are established by the Board as and when warranted to take charge of specifi c tasks. In 2025, the Board held four Board meetings with 97.22% Director attendance. The Company Secretary and the Deputy Company Secretary attended all Board meetings held in 2025. NAME OF DIRECTOR ATTENDED / ELIGIBLE TO ATTEND Chairman and Non-executive Director Mr. Lai Kai Ming, Dominic 4/4 Executive Director Mr. Ip Sing Chi 3/4 Non-executive Directors Ms. Edith Shih 4/4 Ms. Lee Tung Wan, Diana 4/4 Independent Non-executive Directors Prof. Chan Fan-cheong, Tony 4/4 Dr. Fong Chi Wai, Alex 4/4 Ms. Im Man Ieng 4/4 Mr. Lee Kah Lup 4/4 Ms. Seah Bee Eng (alias Jennifer Loh) 4/4 The constitution of the Trustee-Manager allows directors to participate in the Board and board committee meeting by telephone conference or video-conference whereby all persons participating in the meeting are able to communicate as a group.
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