Overview Leadership Portfolio & Performance Sustainability & Governance Financial Statements and Other Information The Boards and the Managers are committed to ensuring environmental and workplace health and safety for their stakeholders, including employees and customers. CapitaLand’s Environmental, Health and Safety Management System is audited by a third-party accredited certification body to ISO 14001 and ISO 45001 standards, internationally recognised standards for the environmental management of businesses and occupational health and safety management of businesses respectively. CLAS’ health and safety practices are also aligned with the Code of Practice on Chief Executives’ and Board of Directors’ Workplace Safety and Health Duties which was gazetted in October 2022. CapitaLand’s Environmental, Health and Safety policy is readily available to employees on CLI Group’s intranet and to all suppliers, service providers and partners. All the members of the Boards attended or will attend the sustainability training as prescribed by the SGX-ST. New Directors who are appointed to the Boards from time to time who have not undergone training on sustainability matters as prescribed by the SGX-ST will either have expertise in sustainability matters or will undergo further training required under Rule 720(7) of the Listing Manual. Arrangements have been made for Mr Max Loh Khum Whai and Mr Lui Chong Chee, who were appointed as Directors in November 2023 and February 2024 respectively, to attend such mandatory sustainability training in FY 2024. More details of CLAS’ sustainability approach, environmental policies, anti-corruption efforts, training and development can be found on pages 79 to 86 of this Annual Report and in CLAS’ Sustainability Report 2023 which will be published in May 2024. Directors’ Development In view of the increasingly demanding, complex and multi-dimensional role of a director, the Boards recognise the importance of continual training and development for their Directors so as to equip them to discharge the duties and responsibilities of their office as directors to the best of their abilities. This is even if the Directors are generally experienced professionals in their own right, and takes into account the specific role a Director plays and the specific skills a Director should possess in relation to that role he or she has to perform. The Boards ensure that the Managers have in place a training and professional development framework to guide and support the Managers towards meeting the objective of having Boards which comprise individuals who are competent and possess up-to-date knowledge and skills necessary to discharge their duties and responsibilities. The costs of training are borne by the Managers. The induction, training and development provided to new and existing Directors are set out below. Each newly-appointed Director is provided with a formal letter of appointment setting out the key terms of appointment, the time commitment expected and other relevant matters pertaining to the appointment. He or she also has access to the Director’s Manual which includes information on a broad range of matters relating to the role, duties and responsibilities of a Director and CLAS’ policies relating to disclosure of interests in securities, conflicts of interests and securities trading restrictions. All Directors upon appointment also undergo an induction or orientation programme which focuses on orientating the Director to CLAS’ business, operations, strategies, organisation structure, responsibilities of CEO and other persons having executive roles with authority and responsibility for planning, directing and controlling the activities of the Managers (key management personnel), and financial and governance practices. Conducted by the CEO and key management personnel, the induction programme may include visits to CLAS’ properties. Through the induction programme, the new Directors also get acquainted with members of Management which facilitates their interaction at Board meetings. Where a newly appointed Director has no prior experience as a director of an issuer listed on SGX-ST, such Director will undergo training on the roles and responsibilities of a director of a listed issuer, as prescribed by SGX-ST. Mr Max Loh Khum Whai, being a first-time director, will undergo training in the roles and responsibilities of a director of a listed issuer, as prescribed by the SGX-ST, the details of which are set out above in the Board Changes section on page 95 of this Report. ANNUAL REPORT 2023 97
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