Guideline
Questions
How has the Company complied?
1
Guideline 9.4
Is there any employee who is an immediate
family member of a director or the CEO, and
whose remuneration exceeds S$50,000 during
the year? If so, please identify the employee
and specify the relationship with the relevant
director or the CEO.
Yes, please refer to the disclosure in page 56 of
the CG Statement.
Guideline 9.6
(a) Please describe how the remuneration
received by executive directors and
key management personnel has been
determined by the performance criteria.
Yes, please refer to the disclosure in page 54 of
the CG Statement.
(b) What were the performance conditions
used to determine their entitlement under
the short-term and long-term incentive
schemes?
(c) Were all of these performance conditions
met? If not, what were the reasons?
Risk Management and Internal Controls
Guideline 6.1
What types of information does the Company
provide to independent directors to enable
them to understand its business, the business
and financial environment as well as the risks
faced by the Company? How frequently is the
information provided?
Yes, please refer to the disclosure in page 51 of
the CG Statement.
Guideline 13.1
Does the Company have an internal audit
function? If not, please explain why.
Yes, please refer to the disclosure in page 59 of
the CG Statement.
Guideline 11.3
(a) In relation to the major risks faced by the
Company, including financial, operational,
compliance, information technology and
sustainability, please state the bases for
the Board’s view on the adequacy and
effectiveness of the Company’s internal
controls and risk management systems.
Yes, please refer to the disclosure in page 57
and 58 of the CG Statement.
(b) In respect of the past 12 months, has
the Board received assurance from the
CEO and the CFO as well as the internal
auditor that: (i) the financial records have
been properly maintained and the financial
statements give true and fair view of the
Company’s operations and finances; and
(ii) the Company’s risk management and
internal control systems are effective? If
not, how does the Board assure itself of
points (i) and (ii) above?
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
67
