122 UNITED HAMPSHIRE US REIT Corporate Governance BOARD DIVERSITY IN TERMS OF INDEPENDENCE, AGE AND GEOGRAPHICAL ORIGIN There is diversity within the Board in terms of age and geographical origin. The Manager’s Board comprises Directors who reside at different geographical locations. This diversity in backgrounds and competencies adds value to the Board’s capacity for strategic thinking and problem solving. 45-55 56-65 66-75 Above 75 33% 17% 17% 33% AGE DIVERSITY Target: Under diversity of age, the Board aims for a composition comprising at least one Director each who falls within three different age groups. The Manager believes that such age diversity would contribute beneficially to the Board’s deliberations. Progress: Currently, the Board comprises of Directors who fall within four different age groups. The target for age diversity has been met. Resides in Singapore Resides Outside of Singapore 33% 67% PLACE OF RESIDENCE Target: Under diversity of nationality and background, having Directors who reside outside of Singapore offers global market insight and often deeper knowledge of consumer behavior, market trends or business etiquette in other countries. Progress: The Board comprises of two Directors who reside within the United States, which is currently the main market for UHREIT, thereby meeting our target of having Directors residing outside of Singapore. Male Female 17% 83% GENDER DIVERSITY Target: The Board’s target is to maintain at least one female representative on the Board, taking into account the current size of the Board. Progress: The gender target is met as the current Board consists of five men and one woman, or is 83% male and 17% female. Among the Independent Directors, the female gender representation is 33% The profiles of the Directors are on pages 20 to 23 of the Annual Report. The Manager remains committed to implementing its Board diversity policy and any further progress made towards the implementation of such policy will be disclosed in future Corporate Governance Reports, as appropriate.
RkJQdWJsaXNoZXIy NTM2MDQ5