CORPORATE GOVERNANCE REPORT
110
ANNUAL REPORT 2015
FRASERS HOSPITALITY TRUST
GUIDELINES FOR DISCLOSURE
Guideline
Questions
How has the Company complied?
General
(a) Has the Company complied with all the principles
and guidelines of the Code on CIS (or “Code”)? If
not, please state the specific deviations and the
alternative corporate governance practices adopted
by the Company in lieu of the recommendations in
the Code.
(b) In what respect do these alternative corporate
governance practices achieve the objectives of
the principles and conform to the guidelines in the
Code?
Please refer to the disclosures and
references in this table for specific
deviations from the Code.
The Managers have adopted alternative
corporate governance practices which
reflect the fact the Managers themselves
are not listed entities but that the entities
which they manage, FH-REIT and FH-BT,
are listed and managed externally by the
Managers.
Board Responsibility
Guideline 1.5
What are the types of material transactions which
require approval from the Board?
Please refer to pages 96-99 in this Annual
Report which makes reference to the
MOA.
Members of the Board
Guideline 2.6
(a) What is the Board’s policy with regard to diversity in
identifying director nominees?
(b) Please state whether the current composition of the
Board provides diversity on each of the following
– skills, experience, gender and knowledge of the
Company, and elaborate with numerical data where
appropriate.
(c) What steps has the Board taken to achieve the
balance and diversity necessary to maximise its
effectiveness?
Please refer to pages 96-99 in this Annual
Report.
Please refer to pages 96-99 in this Annual
Report.
Please refer to pages 96-99 in this Annual
Report.
Guideline 4.6
Please describe the board nomination process for the
Company in the last financial year for (i) selecting and
appointing new directors and (ii) re-electing incumbent
directors.
No new directors were appointed or re-
elected in the financial period.
Guideline 1.6
(a) Are new directors given formal training? If not,
please explain why.
(b) What are the types of information and training
provided to (i) new directors and (ii) existing
directors to keep them up-to-date?
Please refer to page 98 in this Annual
Report.
Please refer to pages 98, 101 and 103 in
this Annual Report.
Guideline 4.4
(a) What is the maximum number of listed company
board representations that the Company has
prescribed for its directors? What are the reasons for
this number?
(b) If a maximum number has not been determined,
what are the reasons?
(c) What are the specific considerations in deciding on
the capacity of directors?
Please refer to page 100 in this Annual
Report.
Please refer to page 100 in this Annual
Report.
Please refer to page 100 in this Annual
Report.
Board Evaluation
Guideline 5.1
(a) What was the process upon which the Board
reached the conclusion on its performance for the
financial year?
(b) Has the Board met its performance objectives?
Please refer to page 101 in this Annual
Report.
Please refer to page 101 in this Annual
Report.
Independence of Directors
Guideline 2.1
Does the Company comply with the guideline on the
proportion of independent directors on the Board? If
not, please state the reasons for the deviation and the
remedial action taken by the Company.
Please refer to pages 98 and 99 in this
Annual Report.
