Al-`Aqar Healthcare REIT Annual Report 2019

The Company Secretary has the responsibility of ensuring that relevant procedures relating to the appointments of new Directors are properly executed. 3.4 Directors’ Training In addition to the Mandatory Accreditation Programme (MAP) as required by Bursa Malaysia, Board members are also encouraged to attend seminars and training programmes organised by the relevant regulatoryauthorities andprofessional bodies to broaden their knowledge and to keep abreast with the relevant changes in laws, regulations and the business environment. The Board is also constantly updated by the Company Secretary on changes to the relevant guidelines on the regulatory and statutory requirements. 3.5 BoardMeetingsandSupplyofInformation The Board meets regularly at least once every quarter to discuss and approve, among others, the release of the quarterly and annual financial results, review acquisitions or disposals, annual budget, capital expenditure requirements, property reports, investor relations reports, performance of the Manager and Al- `Aqar against the approved budget. When necessary, the Board meets at a special meeting to review and approve acquisitions or disposals for recommendation to the trustee of Al- `Aqar or any other issues requiring the immediate attention of the Board. Notices and agenda of meetings duly endorsed by the Chairman together with the relevant board reports are normally given at least 1 week prior to the meetings for the Board to study and evaluate the matters to be discussed. The board reports provided include inter alia, the financial results, business plan and budget, progress report on the properties’ developments, regulatory/statutory updates and other operational and financial issues for the Board’s information and/or approval. 4. CHAIRMANANDCHIEFEXECUTIVEOFFICER (CEO) 4.1 Chairman The Chairman is responsible for leadership of the Board in ensuring the effectiveness of all aspects of its role. The Chairman is responsible for:- a. Leading the Board in setting the values and standards of Al-`Aqar; b. Maintaining a relationship of trust with and between the Executive and Non-Executive Directors; c. Ensuring theprovisionof accurate, timely and clear information to Directors; d. Ensuringeffectivecommunication with unitholders and relevant stakeholders; and e. Ensuring that members of the Board work together with the Management in a constructive manner to address strategies, business operations, financial performance and risk management issues. 4.2 Chief Executive Officer (CEO) 4.2.1 The CEO is the conduit between the Board and the Management in ensuring the success of the governance and management functions of Al- `Aqar. 4.2.2 The CEO has the executive responsibility for the day-to- day operation of business, and the execution of the agreed business policies and directions set by the Board and of all operational decisions in managing Al-`Aqar. 4.2.3 All Board authorities conferred on the Management is delegated through the CEO and this will be considered as the CEO’s authority and accountability as far as the Board is concerned. Al-`Aqar Healthcare REIT 05 ESSENCE OF CORPORATE GOVERNANCE 79