CapitaLand Integrated Commercial Trust - Annual Report 2021

BOARD INDEPENDENCE BOARD GENDER DIVERSITY TENURE MIX AGE SPREAD GOVERNANCE New Directors with effect from 16 August 2021: • Ms Jeann Low Ngiap Jong (Non-Executive Independent Director and member of the AC) • Mr Stephen Lim Beng Lin (Non-Executive Independent Director and member of the NRC (with effect from 25 October 2021)) Changes to the Board and the AC composition in 2021: • Cessation of Mr Jonathan Yap as member of the AC with effect from 25 October 2021 • Retirement of Mr Lee Khai Fatt, Kyle as Non- Executive Independent Director and Chairman of the AC with effect from 1 November 2021 • Retirement of Mr Ng Wai King as Non- Executive Independent Director and member of the AC with effect from 1 November 2021 • Appointment of Mrs Quek Bin Hwee as Chairman of the AC with effect from 1 November 2021 The Manager has established internal control procedures to ensure that all Interested Person Transactions are undertaken on an arm’s length basis and on normal commercial terms 8 Board Members Chairman of the Board is an Independent Director All members of the Audit Committee (AC), including the Chairman of the AC, are Independent Directors Formation of Nominating and Remuneration Committee (NRC) in 2021 with an independent Chairman None of the Directors has servedmore than 5 years on the Board as at 31 December 2021 Independent Non-Independent Female Male 51-60 years old 61-70 years old 0 to 3 years > 3 to 5 years 37.5% 37.5% 62.5% 62.5% 50.0% 50.0% 12.5% 87.5% Zero tolerance stance against fraud, bribery and corruption (FBC) Executive compensation framework is based on the key principle of linking pay to performance Communicate the commitment to integrity from the top through policies and practices , such as FBC Risk Management Policy, Whistle- blowing Policy, Ethics and Code of Business Conduct Policies, among others The Manager abides by MAS’ guidelines on the prevention of money laundering and countering the financing of terrorism and has a policy on the prevention of money laundering and terrorism financing Constituent of the SGX Fast Track recognising the efforts and achievements of listed issuers which have upheld high standards of corporate governance and maintained a good compliance track record Annual Report 2021 43 Corporate Governance Highlights