CapitaLand Integrated Commercial Trust - Annual Report 2021

The Manager has in place a policy on the prevention of money laundering and terrorism financing and remains alert at all times to suspicious transactions. Enhanced due diligence checks are performed on counterparties where there is a suspicion of money laundering or terrorism financing. Suspicious transactions will also be reported to the Suspicious Transaction Reporting Office of the Commercial Affairs Department. Under this policy, all relevant records or documents relating to business relations with the CICT Group’s customers or transactions entered into must be retained for a period of at least five years following the termination of such business relations or the completion of such transactions. All prospective employees, officers and CMSL Representatives of the Manager are also screened against various money laundering and terrorism financing information sources and lists of designated entities and individuals providedbyMAS. Periodic training is providedby theManager to its Directors, employees andCMSL Representatives to ensure that they are updated and aware of applicable anti-money laundering and countering of terrorism financing regulations, the prevailing techniques and trends in money laundering and terrorism financing and the measures adopted by the Manager to combat money laundering and terrorism financing. COMPOSITION OF BOARD COMMITTEES IN FY 2021 Board Members Audit Committee Executive Committee # Nominating & Remuneration Committee Teo Swee Lian, C 1 - - C Tony Tan Tee Hieong, CEO - M - Lee Khai Fatt, Kyle 2 C - - Quek Bin Hwee 3 M, C - - Ng Wai King 4 M - - Leo Mun Wai 5 M - - Jeann Low Ngiap Jong 6 M - - Stephen Lim Beng Lin 7 - - M Jonathan Yap Neng Tong 8 M C M Lim Cho Pin Andrew Geoffrey 9 - M - Denotes: C - Chairman M-Member CEO - Chief Executive Officer # Given the nature and scope of the work of the EC, their business was discussed/transacted primarily through conference call, correspondence and informal meetings. 1 Ms Teo Swee Lian was appointed as chairman of the NRC with effect from 25 October 2021. 2 Mr Lee Khai Fatt, Kyle stepped down as Non-Executive Independent Director with effect from 1 November 2021 and relinquished his role as chairman of the AC on the same day. 3 Mrs Quek Bin Hwee has been a member of the AC since 3 November 2020 and was appointed as chairman of the AC with effect from 1 November 2021. 4 Mr Ng Wai King stepped down as Non-Executive Independent Director with effect from 1 November 2021 and relinquished his role as member of the AC on the same day. 5 Mr Leo Mun Wai was appointed as Non-Executive Independent Director and member of the AC with effect from 1 January 2021. 6 Ms Jeann LowNgiap Jong was appointed as Non-Executive Independent Director andmember of the AC with effect from 16 August 2021. 7 Mr Stephen Lim Beng Lin was appointed as Non-Executive Independent Director with effect from 16 August 2021 and member of the NRC with effect from 25 October 2021. 8 Mr Jonathan Yap Neng Tong was appointed as member of the NRC with effect from 25 October 2021 and relinquished his role as member of the AC on the same day. 9 Mr Lim Cho Pin Andrew Geoffrey was appointed as Non-Executive Non-Independent Director and member of the EC with effect from 1 January 2021. Annual Report 2021 201 Corporate Governance