Corporate Governance
Disclosure Guide
Guideline
Questions
How has the Company complied?
1
General
(a) Has the Company complied with all the
principles and guidelines of the Code? If
not, please state the specific deviations
and the alternative corporate governance
practices adopted by the Company in lieu
of the recommendations in the Code.
(a) Please refer to the disclosures in this table
for specific deviations from the Code.
(b) In what respect do these alternative
corporate governance practices achieve
the objectives of the principles and conform
to the guidelines in the Code?
(b) As Parkway Life Real Estate Investment
Trust (“PLife REIT”) is externally managed
by the Manger which is not a listed entity,
alternative corporate governance practices
is adopted to the extent applicable to the
Manager.
Board Responsibility
Guideline 1.5
What are the types of material transactions
which require approval from the Board?
Yes, please refer to the disclosure in page
50 of the Corporate Governance Statement
(“CG Statement”).
Members of the Board
Guideline 2.6
(a) What is the Board’s policy with regard to
diversity in identifying director nominees?
(a) Yes, please refer to the disclosure in page
51 of the CG Statement.
(b) Please state whether the current composition
of the Board provides diversity on each of
the following – skills, experience, gender and
knowledge of the Company, and elaborate
with numerical data where appropriate.
(b) Yes, please refer to the disclosure in page
52 of the CG Statement.
(c) What steps has the Board taken to achieve
the balance and diversity necessary to
maximise its effectiveness?
(c) Yes, please refer to the disclosure in page
52 of the CG Statement.
Guideline 4.6
Please describe the board nomination process
for the Company in the last financial year for
(i) selecting and appointing new directors and
(ii) re-electing incumbent directors.
Yes, please refer to the disclosure in page 53 of
the CG Statement.
Guideline 1.6
(a) Are new directors given formal training?
If not, please explain why.
(a)&(b)(i) Yes, please refer to the disclosure in
page 53 of the CG Statement.
(b) What are the types of information and
training provided to (i) new directors and
(ii) existing directors to keep them up-to-date?
(b)(ii)
Yes, please refer to the disclosure in
page 51 of the CG Statement.
Guideline 4.4
(a) What is the maximum number of listed
company board representations that the
Company has prescribed for its directors?
What are the reasons for this number?
(a) Yes, please refer to the disclosure in page
53 of the CG Statement.
(b) If a maximum number has not been
determined, what are the reasons?
(b) Not applicable. Please see response to
Guideline 4.4(a) above.
(c) What are the specific considerations in
deciding on the capacity of directors?
(c) Yes, please refer to the disclosure in page
53 of the CG Statement.
1
Responses should be clear and concise to enable the shareholders to better understand the Company’s corporate governance arrangements
ParkwayLife REIT
Annual Report 2015
65
