127 ANNUAL REPORT 2025 Corporate Governance For FY2025, the NRC has assessed each Director’s ability to commit time to the affairs of the Manager. Taking into consideration each Director’s confirmation, his or her commitments, attendance record at meetings of the Boards and Board Committees, as well as conduct and contributions (including preparedness and participation) at Board and Board Committee meetings, the Board is satisfied with the level of time commitment and contribution given by the Directors towards fulfilling their roles and responsibilities as Directors of UHREIT Manager. The Chairman of the Board, the Chairman of all Board Committees, all the Directors as well as the CEO and other senior management had attended the AGM in FY2025. The attendance of the Board at Board and Board Committees meetings (as well as the frequency of such meetings) and the Annual General Meeting (the “AGM”) during FY2025 are as recorded below: Number of meetings held in FY2025 Annual General Meeting Board of Directors Audit and Risk Committee Nominating and Remuneration Committee 1 4 4 2 Name of Director Number of meetings attended in FY2024 Mr Tan Tong Hai 1 4^ 4 2^ Mr James E. Hanson II 1 4 4* 2 Mr David Tuvia Goss 1 4 4* 2 Mr Wee Teng Wen 1 4 4* – Mr Chua Teck Huat Bill 1 4 4^ 2 Ms Jaelle Ang Ker Tjia 1 4 4 2 ^ Chairman. * Attendance by invitation. Based on the Directors’ attendance record at Board and Board Committee meetings, the AGM, and contributions outside of formal Board and Board Committees meetings, the NRC, with the concurrence of the Board, is satisfied that all Directors were able to and have committed sufficient time and discharged their duties adequately for FY2025. The Manager has no alternate directors on its Board. Key information on the Directors such as academic and professional qualifications, committee membership, date of appointment, a list of the present and past directorships of each Director, and unitholding in UHREIT and its related corporations are reflected on pages 20 to 23 of this Annual Report. BOARD PERFORMANCE Principle 5: The Board undertakes a formal annual assessment of its effectiveness as a whole, and that of each of its board committees and individual directors. The Board had conducted a formal performance evaluation exercise in FY2025, to assess the effectiveness of the Board as a whole and its Board Committees, as well as the contribution by each individual Director and the Chairman to the Board. The objective performance criteria for such evaluation include Board composition and size, Board structure, Board processes, Board effectiveness, Board meeting participation, Board standards of conduct and financial performance indicators, corporate strategy and planning, risk management and internal controls, communication with stakeholders, standards of individual Director’s conduct, independence and performance, and the upkeep of their professional development. Such criteria are approved by the Board and are generally unchanged from year to year so that trends may be determined. The Board is of the view that this set of performance criteria allows for appropriate comparison and addresses how each Director has enhanced long-term Unitholders’ value.
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