The Nomination & Remuneration Committee oversees matters relating to the nomination of new Directors, annually reviews the required mix of skills, experience, assessment of Independent Directors’, reviews succession plans and Board diversity; oversees training courses for Directors and other requisite qualities of Directors, as well as the annual assessment of the effectiveness of the Board as a whole, its Committees and the contribution of each individual Director.

Functions

The functions of the Nomination & Remuneration Committee are as follows:

• identify and recommend candidates to the Board based on their skills, knowledge and experience, professionalism and integrity. In the case of Independent Non-Executive Directors (“INEDs”), the Committee shall evaluate the candidate’s ability to discharge such responsibilities as expected from INEDs;
• assess on an annual basis, the effectiveness of the Board as a whole and its Board Committees, in light of the needs of the Manager and the REIT and its operating environment;
• assess on an annual basis, the contribution of each individual Director;
• conduct a training needs analysis and recommend a continuous education program for Board members to enhance their effectiveness;
• conduct an orientation/induction training for new Directors of the Manager;
• work together with the Board to develop an effective development and succession plan for Directors and Management members; and
• collaborate to share the results of the Directors assessment with the Board for effective determination and deliberation of Directors’ remuneration packages.

Committee members

The Nomination & Remuneration Committee comprises Independent Directors Encik Mahusni bin Hasnan as Chairman, Mr. Philip Eng Heng Nee, and Encik Hasli bin Hashim.

Meetings

The Nomination Committee meets at least once a year.