BUILDING LANDMARKS, CHARTING GROWTH
147
Annual Report 2015
Guideline
Questions
How has the Company complied?
Members of the Board
Guideline 2.6
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?
The Board was reconstituted in October
2014 following the RTO of St James
Holdings Limited whereby the Company
was transformed into an integrated real
estate owner, developer and manager.
The existing Board now comprises
Directors with real estate knowledge as
well as legal and finance experience. The
NC is of the view that the current size and
composition of the Board provides an
appropriate balance and diversity of skills,
experience and knowledge of the
Company and industry.
The NC also considers gender diversity in
the Board composition and is of the view
that while it is important to enhance
gender diversity, the appointment of a
Director should focus on his/her
qualifications and capabilities as well as
the effective blend of competencies, skills,
experience and knowledge of the Board
as a whole.
Annually, the NC will advise the Board on
the re-nomination of Directors, taking into
account the performance and contributions
of each Director and the needs of Perennial
at the relevant time. The NC is also
responsible for reviewing the succession
plans for the Board and has put in place a
formal process for the renewal of the Board
and the selection of new Directors.
Please refer to Guideline 4.6 for more details.
