CapitaLand Integrated Commercial Trust - Annual Report 2023

geographical representation and business background) with due consideration to diversity, including but not limited to, diversity in business or professional experience, age and gender. The NRC also considers the qualities of the candidates, in particular whether they are aligned with the strategic directions and values of CICT. In addition, the NRC assesses the candidates' ability to commit time to the affairs of CICT, taking into consideration their other current appointments or commitments. The NRC uses a skills matrix to determine the skills gaps of the Board and if the expertise and experience of a candidate would complement those of the existing Board members. Whilst the Board believes that it has an optimal blend of backgrounds, experience, knowledge in business and general management, and expertise relevant to help CICT deliver on its ambition and strategic priorities, it believes in planning for orderly succession as well as contingencies and is continually looking out for opportunities to fill future gaps in competencies and to renew the Board in a progressive manner. Directors who are appointed to the Board from time to time either have prior experience as a director of an issuer listed on the SGX-ST or will undergo the training required under Rule 210(5)(a) of the Listing Manual. All Directors attended the sustainability training courses prescribed under the Listing Manual. Going forward, new Directors who are appointed to the Board from time to time will either have expertise in sustainability matters or will undergo further training required under Rule 720(7) of the Listing Manual. Review of Directors' Ability to Commit Time In view of the responsibilities of a director, Directors need to be able to devote sufficient time and attention to adequately perform their duties and responsibilities. The NRC reviews the other appointments and commitments of each Director on an annual basis and as and when there is a change of circumstances involving a Director which may affect his or her ability to commit time to the affairs of the Manager. In this regard, Directors are required to report to the Board any changes in their other appointments or commitments. In respect of the Directors' other appointments and commitments, no limit is set as to the number of listed company board appointments. The Board takes the view that the number of listed company directorships that an individual may hold should be considered on a case-by-case basis, as a person's available time and attention may be affected by many different factors, such as his or her capacity, whether he or she is in full-time employment, the nature of his or her other responsibilities and his or her near term plan regarding some of the other appointments. A Director with multiple directorships is nonetheless expected to ensure that he or she can devote sufficient time and attention to the affairs of the Manager. IDs are also required to inform the Chairman before accepting any invitation for appointment as a director of another entity or offer of a full time executive appointment. There is also no alternate director to any of the Directors. In keeping with the principle that a Director must be able to commit time to the affairs of the Manager, the Board has adopted the principle that it will generally not approve the appointment of alternate directors to the Directors. Each of the Directors is required to make his or her self-assessment and confirm that he or she is able to devote sufficient time and attention to the affairs of the Manager. For FY 2023, all non-executive directors of the Manager had undergone the self-assessment and provided the confirmation. On an annual basis and, where appropriate, when there is a change of circumstances involving a Director, the NRC assesses each Director's ability to commit time to the affairs of the Manager. In the assessment, the NRC takes into consideration each Director's confirmation, his or her other appointments and commitments, attendance record at meetings of the Board and Board Committees, as well as conduct and contributions (including preparedness, participation and level of engagement) at Board and Board Committee meetings. The Directors' listed company directorships and principal commitments are disclosed on pages 34 to 39 of this AR and their attendance record for FY 2023 is set out on page 167 of this AR. In particular, the CEO does not serve on any listed company board outside of the CICT Group. For FY 2023, the Directors achieved high meeting attendance rates and have contributed positively to discussions at Board and Board Committee meetings. Based on the above, the NRC (with each member recused from deliberations in respect of himself) has determined that each Director has been adequately carrying out his or her duties as a Director and noted that no Director has a significant number of listed directorships and principal commitments. The Board, taking into consideration the NRC's assessment, has noted that each Director has been adequately carrying out his or her duties and responsibilities as a director of the Manager. Overview Leadership Performance Framework Other Information ANNUAL REPORT 2023 147

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