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PERENNIAL REAL ESTATE HOLDINGS LIMITED
Annual Report 2015
CORPORATE GOVERNANCE
Guideline
Questions
How has the Company complied?
Board Responsibility
Guideline 1.5
What are the types of material transactions
which require approval from the Board?
(i) Acquisition/Disposal
or
increase/
decrease in equity investments and
debt securities
(ii) Provision for impairment in investments
(iii) Acceptance of banking or guarantee
facilities
(iv) Granting of corporate guarantee
(v) Approval of annual operating and
capital expenditure budget
(vi) Approval of project development
expenditure / asset enhancement
initiatives budget
Members of the Board
Guideline 2.6
a) What is the Board’s policy with regard to
diversity in identifying director nominees?
The NC annually reviews the size,
composition, skill mix and competencies
of the Board to take stock of the expertise
within the Board, and identify the Board’s
current and future needs. In light of such
review and in consultation with the
Management, the NC assesses if there is
any inadequate representation in respect
of any of those attributes and if so, the NC
will determine the required role and the
desired competencies for a particular
appointment.
