117 ANNUAL REPORT 2025 Corporate Governance ORIENTATION AND TRAINING FOR DIRECTORS All Directors are given formal appointment letters explaining the terms of appointment and setting out their duties and obligations as a Director (including their roles as non-executive and independent directors, as applicable). In addition, an induction, training and development programme is arranged for newly-appointed Directors to familiarise them with the business, operations, and financial performance of UHREIT. Any newly-appointed Director will also be briefed on the Manager’s governance practices, including board processes, policies on disclosure of interests in securities, prohibitions on dealing in the securities, and restrictions on disclosure of price-sensitive information. The Directors are kept informed of new updates on corporate governance processes, changes to accounting standards, Listing Manual and other regulatory developments from time to time. The Board believes that continuous training for Directors is vital for the Board members to enhance their skills and knowledge. Through participation in training and professional development programmes, Directors are routinely updated on developments and changes in the operating environment and applicable laws and regulations that enables them to discharge their duties effectively as members of the Board, and where applicable, as Board Committees members. Annually, the Directors are given a refresher briefing on the latest cybersecurity developments and emerging risks. In addition, on a biennially basis, the Directors also get updates on the anti-money laundering related rules and measures. In FY2025, the external Sustainability Advisor had also briefed the Board on two occasions regarding new sustainability regulations and the roadmap for implementing sustainability initiatives and targets within UHREIT. The Manager also ensures that the Board is kept abreast of developments in the capital markets and real estate industry on a regular basis. To keep pace with new rules and regulations, the Directors receive quarterly briefings from the management, as well as by the external compliance advisor and Internal and External auditors during Board meetings on proposed or new regulations and rules that have been implemented. It is also provided in the Directors’ appointment letters that the Directors, either individually or as a group, may at the Manager’s expense, seek independent professional advice, where appropriate, to discharge their duties effectively. The Directors may also attend other relevant courses, conferences and seminars, at the Manager’s expense. The NRC makes recommendations to the Board on relevant matters relating to the review of training and professional development programmes for the Board.
RkJQdWJsaXNoZXIy NTM2MDQ5