The number of Board and Board committee meetings during the financial year ended 31 December 2014, as well as the
attendance of each Board member at these meetings, are set out below.
Director
Board
Meetings
Audit
Committee
Meetings
Nominating
and Remuneration
Committee* Meetings
Mr. Lim Kok Hoong
4
4
–
Mr. Puah Tuan Soon Benson
4
4
1
Mr. Tan Bong Lin
4
4
1
Dr. Tan See Leng
4
–
1
Mr. Ahmad Shahizam Bin Mohd Shariff
3
–
–
Mr. Tan See Haw
4
–
–
Dr. Lim Suet Wun
#
3
–
–
Mr. Yong Yean Chau
4
–
–
No. of Meetings held in FY2014
4
4
1
# Appointed with effect from 26 February 2014
*
Renamed as Nominating and Remuneration Committee with effect from 27 January 2015
In the discharge of its functions, the Board is supported by an Audit Committee that provides independent oversight of the
Manager. The Board is also supported by a Nominating and Remuneration Committee which oversees the remuneration
matters of the directors and key management personnel of the Manager and the effectiveness of the Board. Each of these
board committees operates under delegated authority of the Board.
The Board has adopted a set of internal controls which it believes is adequate in safeguarding Unitholders’ interests and
PLife REIT’s assets. Appropriate delegation of authority has been provided to management to facilitate operational efficiency.
Changes to laws, regulations, accounting standards and commercial risks are monitored closely. To keep pace with such
changes where these changes have an important bearing on the Manager’s or directors’ obligations, the directors will be
briefed either during Board meetings or at specially-convened sessions involving the relevant professionals. The Board
may also participate in seminars and/or discussion group to keep abreast of the latest developments which are relevant
to the Manager and PLife REIT. In FY2014, the Audit Committee was updated on the Key Changes to Regulatory and
Reporting and Auditing Standards by the external auditor and the Board was updated on the MAS Consultation Paper on
Enhancements to the Regulatory Regime Governing REITs and REIT managers issued in October 2014.
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