Board Diversity The Board embraces diversity and has formally adopted a Board Diversity Policy. The Board Diversity Policy provides for the Board to comprise talented and dedicated Directors with a diverse mix of expertise, experience, perspectives, skills and backgrounds, with due consideration to diversity factors, including but not limited to, diversity in business or professional experience, age and gender. The Board values the benefits that diversity can bring to the Board in its deliberations by avoiding group-think and fostering constructive debate. Diversity enhances the Board's decision-making capability and ensures that the Manager has the opportunity to benefit from all available talent and perspectives, which is essential to the effective governance of CICT's business and for ensuring long-term sustainable growth. CICT’s Board diversity targets, plans and timelines for achieving the targets and progress towards achieving the targets are described below. Diversity Targets, Plans and Timelines Targets Achieved / Progress Towards Achieving Targets Gender To have at least 2 female Directors on the Board during the period leading up to 2025. The Manager believes in achieving an optimum mix of men and women on the Board to provide different approaches and perspectives. Achieved As at the end of FY 2023, there were 4 female Directors (out of 9 Directors) on the Board. This represents 44.4% of the Board exceeding Singapore's Council for Board Diversity’s recommended representation of 25% by 2025. Age To ensure that the Board comprises Directors across diverse age groups: (a) 50 years old & below; (b) 51 to 60 years old; and (c) 61 years old & above, and to maintain such level of age diversity during the period leading up to 2025. The Manager believes that age diversity would provide a broad spectrum of thoughts and views in Board and Board Committee deliberations. Achieved As at the end of FY 2023, the Board comprised Directors across all 3 age groups. GENDER DIVERSITY 44.4% 55.6% Male - 5 Directors Female - 4 Directors AGE SPREAD 44.5% 22.2% 33.3% 50 years old & below – 2 Directors 51-60 years old – 3 Directors 61 years old & above – 4 Directors 142 CAPITALAND INTEGRATED COMMERCIAL TRUST CORPORATE GOVERNANCE
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