CL IA identifies and provides training and development opportunities for its staff to ensure their
technical knowledge and skill set remain current and relevant.
(D) SHAREHOLDER RIGHTS AND RESPONSIBILITIES
Shareholder Rights
Principle 14:
Companies should treat all shareholders fairly and equitably, and should recognise, protect
and facilitate the exercise of shareholders’ rights, and continually review and update such
governance arrangements.
The Manager is committed to treating all Unitholders fairly and equitably and keeping all Unitholders,
other stakeholders and analysts informed of the performance and changes in Ascott Reit or its
business which would be likely to materially affect the price or value of Units, on a timely and
consistent basis, so as to assist Unitholders and investors in their investment decisions.
The Manager provides accurate and timely disclosure of material information on the SGXNet.
All Unitholders are entitled to attend general meetings and are accorded the opportunity to
participate effectively and vote at general meetings. All Unitholders are also informed of the rules,
including voting procedures, governing such meetings.
Communication with Shareholders
Principle 15:
Companies should actively engage their shareholders and put in place an investor relations
policy to promote regular, effective and fair communication with shareholders.
The Manager has in place an Investor Relations & Communications department which facilitates
effective communication with Unitholders, analysts, fund managers and the media.
The Manager actively engages with Unitholders and has put in place an Investor Relations Policy
(Policy) to promote regular, effective and fair communications with Unitholders. The Policy is
uploaded on Ascott Reit’s website at
.
The Board has established the CDC which is guided by its terms of reference, in particular, the CDC:
(a) reviews the promptness and comprehensiveness of corporate disclosures and announcements
made to the SGX-ST;
(b) ensures the adoption of good corporate governance and best practices in terms of transparency
to Unitholders and investing community; and
(c) ensures the Manager complies with all applicable legal and regulatory disclosure requirements
in relation to Ascott Reit.
The views and approvals of the CDC were sought throughout the year via emails on various
announcements and news releases issued.
More information on the Manager’s investor relations with Unitholders can be found in the Investor
Relations section on pages 52 to 54 of the Annual Report and the Policy which is available on Ascott
Reit’s website.
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