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EC World Real Estate Investment Trust ANNUAL REPORT 2016
The Board has established various board committees to assist it in the discharge of its functions. These board committees
are the Audit and Risk Committee (the “ARC”) and the Nominating and Remuneration Committee (the “NRC”), collectively,
the “Board Committees”. The composition of the various Board Committees is set out in the table below.
Composition of the Board and Board Committees
Board Members
Audit and Risk Committee
Nominating and Remuneration Committee
Mr Zhang Guobiao
Mr Wong See Hong
Mr Li Guosheng
Mr Chan Heng Wing
Mr Chia Yew Boon
Mr Zhang Guobiao
Mr Wong See Hong
Mr Li Guosheng
Mr Chan Heng Wing
Mr Chia Yew Boon
Mr Chia Yew Boon
Mr Li Guosheng
Mr Lai Hock Meng
Mr Alvin Cheng Yu-Dong
1
Mr Goh Toh Sim
1
Mr Alvin Cheng Yu-Dong was appointed as an Executive Director on 20 January 2017.
Each of these Board Committees operates under delegated authority from the Board, with the Board retaining overall
oversight. The Board may form other Board Committees as and when required. Membership of the various Board
Committees is managed to ensure an equitable distribution of responsibilities among Board members, to maximise
the effectiveness of the Board and to foster active participation and contribution from Board members. Diversity of
experience and appropriate skills are considered in the composition of the respective Board Committees.
The Board meets at least once every quarter, and as and when required between the scheduled meeting. Where
exigencies prevent a Director from attending a Board meeting in person, the Constitution of the Manager permits the
Director to participate via teleconferencing or video conferencing. The Board and Board Committees may also make
decisions by way of passing written resolutions.
Directors may request for explanations, briefings by or discussions with Management on any aspect of ECW’s operations
or business. When circumstances require, Board members exchange views outside the formal environment of Board
meetings.
A total of two Board meetings were held in FY2016
2
. A table showing the attendance record of the Directors at meetings
of the Board and Board Committees during FY2016 is set out on page 42 of this Annual Report. The Manager believes
in the overall contribution of its Directors beyond their attendance at formal Board and Board Committee meetings.
The Manager believes that judging a Director’s contributions based on his attendance at formal meetings alone would
not do justice to his overall contributions, which include being accessible to Management for guidance or exchange of
views outside the formal environment of Board and Board Committee meetings.
At all times the Directors are collectively and individually obliged to act honestly and with diligence, and to consider the
best interest of Unitholders. In addition to disclosure of any interest a Director may have in a matter under consideration
by the Board, any Director who is in a conflict of interest situation is also required to abstain from participating in
discussions on the matter.
Corporate
Governance
2 ECW was listed on the Main Board of SGX-ST on 28 July 2016.