152
PERENNIAL REAL ESTATE HOLDINGS LIMITED
Annual Report 2015
CORPORATE GOVERNANCE
Guideline
Questions
How has the Company complied?
Risk Management and Internal Controls
Guideline 6.1
What types of information does the
Company provide to independent directors
to enable them to understand its business,
the business and financial environment as
well as the risks faced by the Company?
How frequently is the information provided?
Perennial has instituted processes to
ensure that the non-executive Directors
are well supported by accurate, complete
and timely information, and have
unrestricted access to the Management.
Directors are kept informed of potential
developments or material prospective
deals ahead of the formal board meeting
where approval is sought.
Directors are also provided with
operational and financial reports on the
performance of Perennial on a regular
basis and as the Board may require from
time to time. These reports include key
financial indicators, variance analyses,
property updates and strategic and
business highlights which provide the
Board with a better view of Perennial’s
actual performance. Amongst other
reports, the Board is also provided with
financial
highlights
of
Perennial’s
performance,
key
developments,
risk management updates and reports
from internal and external auditors on a
quarterly basis at the Board meetings.
Guideline 13.1
Does the Company have an internal audit
function? If not, please explain why.
Yes, Perennial’s internal audit function is
outsourced to EY.
