CORPORATE
GOVERNANCE
Guideline
Questions
How has the Company complied?
1
Board Evaluation
Guideline 5.1
(a) What was the process upon which the Board
reached the conclusion on its performance
for the financial year?
Yes, please refer to the disclosure in page 53 of
the CG Statement.
(b) Has the Board met its performance
objectives?
Independence of Directors
Guideline 2.1
Does the Company comply with the guideline
on the proportion of independent directors on
the Board? If not, please state the reasons for
the deviation and the remedial action taken by
the Company.
Yes, please refer to the disclosure in page 52 of
the CG Statement.
Guideline 2.3
(a) Is there any director who is deemed to be
independent by the Board, notwithstanding
the existence of a relationship as stated in
the Code that would otherwise deem him
not to be independent? If so, please identify
the director and specify the nature of such
relationship.
Not applicable as there is no such director.
(b) What are the Board’s reasons for considering
him independent? Please provide a detailed
explanation.
Guideline 2.4
Has any independent director served on the
Board for more than nine years from the date
of his first appointment? If so, please identify
the director and set out the Board’s reasons for
considering him independent.
Yes, please refer to the disclosure in page 52 of
the CG Statement.
Disclosure on Remuneration
Guideline 9.2
Has the Company disclosed each director’s and
the CEO’s remuneration as well as a breakdown
(in percentage or dollar terms) into base/
fixed salary, variable or performance-related
income/bonuses, benefits in kind, stock options
granted, share-based incentives and awards,
and other long-term incentives? If not, what are
the reasons for not disclosing so?
Please refer to the disclosure in page 55 of the
CG Statement.
Guideline 9.3
(a) Has the Company disclosed each key
management personnel’s remuneration,
in bands of S$250,000 or in more detail,
as well as a breakdown (in percentage or
dollar terms) into base/fixed salary, variable
or performance-related income/bonuses,
benefits in kind, stock options granted,
share-based incentives and awards, and
other long-term incentives? If not, what are
the reasons for not disclosing so?
Please refer to the disclosure in page 55 of the
CG Statement.
(b) Please disclose the aggregate remuneration
paid to the top five key management
personnel (who are not directors or the CEO).
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
66
