In its annual review of the Board’s composition, the NRC expressly considers and includes a commentary to the Board on the subject of diversity, including gender diversity, in the composition of the Board. In this regard, the NRC has reviewed the size and composition of the Board and is of the opinion that the Board's current size is appropriate with an appropriate balance and diversity of skills, experience, gender, age and tenure, taking into account CICT’s diversity targets, plans and timelines and objectives of the Board Diversity Policy and the CICT Group's business needs and plans, for effective decision-making and constructive debate. In line with the Board Diversity Policy, the current Board comprises Directors who are corporate and business leaders, or professionals with varied backgrounds, expertise and experience in areas including accounting and finance, banking and capital markets, country experience in Australia and Germany, investment, mergers and acquisitions, real estate and industry expertise in retail and office sectors, legal and compliance, innovation and technology, leadership and governance, and marketing and branding. The Board also has a few members with prior working experience in the industry in which the CICT Group operates. The Board members bring with them the combination of skills, talents, experience and diversity required to serve the needs of the CICT Group. The charts below set out the key details relating to Board diversity, which is illustrative of how the Board has already achieved a level of diversity which fulfils the objectives as envisioned by the Board Diversity Policy – which is to leverage on the diversity in the Board in business and professional experience, age and gender to enhance the Board’s decision-making capacity and ensure that the Manager has the opportunity to benefit from all available talent and perspectives. Principle 3: Chairman and Chief Executive Officer The roles and responsibilities of the Chairman and the CEO are held by separate individuals, in keeping with the principles that there be a clear division of responsibilities between the leadership of the Board and Management and that no one individual has unfettered powers of decision-making. The non-executive independent Chairman is Ms Teo Swee Lian, whereas the CEO is Mr Tony Tan Tee Hieong. They do not share any family ties. The Chairman and the CEO enjoy a positive and constructive working relationship between them, and support each other in their respective leadership roles. The Chairman provides leadership to the Board and facilitates the conditions for the overall effectiveness of the Board, Board Committees and individual Directors. This includes setting the agenda of Board meetings in collaboration with the CEO, ensuring that there is sufficient information and time at meetings to address all agenda items, and promoting open and constructive engagement and dialogue among the Directors as well as between the Board and the CEO at meetings. The Chairman devotes considerable time to keep herself updated as to the business of CICT, including the issues and the competition that CICT faces. She plays a significant leadership role by providing clear oversight, direction, advice and guidance to the CEO. She also maintains open lines of communication and engages with 33.3% 44.4% 44.5% 11.2% 22.2% 44.4% 66.7% 55.6% 33.3% 44.4% Independent 6 Non-Independent 3 Male 5 Female 4 0-3 years 4 3-6 years 4 6-9 years 1 50 & below 2 51-60 3 61 & Above 4 BOARD INDEPENDENCE BOARD GENDER DIVERSITY AGE SPREAD TENURE MIX 144 CAPITALAND INTEGRATED COMMERCIAL TRUST CORPORATE GOVERNANCE
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