Corporate
Governance Report
The following table shows the remuneration in bands of S$250,000, of the CEO, CFO as well as the top two key executive officers of the
Trustee-Manager. The key executives of the Trustee-Manager are based on the importance of their roles in Trustee-Manager. The Trustee-
Manager is of the view that the disclosure of the specific remuneration of each of the management and key employee may lead to retention
or recruitment difficulties in light of the relatively small number of trusts currently operating in Singapore. Futhermore, the remuneration
paid to the management of RHT TM is from RHT TM, and not out RHT’s Trust Property. The fees paid by RHT to RHT TM is disclosed on pages
56–57 of this CG report.
Executive Directors
Remuneration Band
Fixed Salary
Bonus
Gurpreet Singh Dhillon
S$751,000–1,000,000
66%
44%
Pawanpreet Singh
S$500,001–750,000
53%
47%
Key Management
Remuneration Band
Fixed Salary
Bonus
Tan Suan Hui
S$ 251,000–500,000
53%
47%
Alex Lim Zhi Wei
S$ 0–250,000
51%
49%
Dr Ramnik Ahuja who is employed as Vice President of Research and Strategy, is the spouse of Mr Pawanpreet Singh, the Chief Financial
Officer and Executive Director of RHT TM. Her annual remuneration fell in the band of S$50,000–100,000 in FY2016.
Currently, none of the Directors or key management has a contract with RHT TM that contain provisions on termination benefits.
Accountability and Audit
Principle 10: The Board should present a balanced and understandable assessment of the company’s performance, position and prospects.
The Board is committed to providing unitholders of RHT with a balanced and understandable assessment of RHT’s performance, position and
prospects. The financial results of RHT as well as any other material price sensitive information are disseminated out via the SGXNET as well
as put up on the website of RHT, as well as via investors meetings and quarterly conference calls with investors.
As mentioned under Principle 6 on Access to Information, the Board is provided with a monthly report on RHT, which summarises the key
financial performance of RHT against that forecasted, as well as the business environment and pertinent operations of RHT. Where there
are material differences from month to month, explanations are provided to the Board. The Board has also approved an internal Compliance
Manual which compiles the relevant rules and regulations applicable to both RHT and RHT TM. This Compliance Manual serves to assist
management in meeting the regulatory requirements.
Audit Committee
Principle 12: The Board should establish an Audit Committee with written terms of reference which clearly set out its authority and duties.
The members of the Audit & Risk Management Committee (“ARMC”) of RHT TM are appointed from among the Directors of the Board and
comprise of 3 non-Executive independent Directors. They are:
(1) Mr Peter Joseph Seymour Rowe, Chairman
(2) Dr Yogendra Nath Mathur
(3) Mr Eng Meng Leong
The background and qualifications of the ARMCmembers are set out on page 19–20 of the Annual Report. The terms of reference of the ARMC
are set out in the Appendix 61–62 of this CG Report. Within the role and function of the ARMC, it is provided that the ARMC may investigate
any matter within the ARMC’s terms of reference, whenever it deems necessary, where it should have full access to and cooperation by the
management and full discretion to invite any Director or executive officer to attend its meetings, and reasonable resources to enable it to
discharge its functions properly.
Annual report FY2016
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