BOARD INVESTMENT COMMITTEE REPORT MEETINGS AND ATTENDANCE (CONT’D) NUMBER OF MEETINGS HELD AND DETAILS OF ATTENDANCE (CONT’D) During the financial year, the details of attendance are as follows:- Date of Meetings BIC Members 26 Jan 2022 13 Apr 2022 (Special) 18 May 2022 18 Aug 2022 16 Dec 2022 1 Dato’ Wan Kamaruzaman Bin Wan Ahmad 2 Abdullah Bin Abu Samah 3 Shamsul Anuar Bin Abdul Majid TERMS OF REFERENCE The Investment Committee is responsible for fulfilling the duties ascribed to it in the Board Investment Committee Term of Reference (“BIC TOR”), including those specifically delegated to it from time to time by the Board of Directors. The duties and responsibilities of the BIC are set out in its Terms of Reference as follows: Objectives (a) Making recommendations to the Board on all acquisitions, investments and disposals; (b) Making recommendations to the Board on any financing offers, capital management proposals and additional banking facilities; (c) Reporting and recommending to the Board any corporate exercise, including the issuance of new REIT units; and (d) Making recommendations to the Board on financial budgets. Roles and Responsibilities Subject at all times to the provisions of the Trust Deed, and to any other regulations or resolutions that may be adopted, the BIC is responsible for: (a) reviewing all proposals regarding investments, dispositions, financings (and other relevant transactions) (“strategic transactions”); (b) to make recommendations on any other matters to the Board of Directors; (c) to review and monitor approved strategic transactions or other matters; (d) ensuring that the REIT is managed in accordance with:- • its investment objectives; • its Restated Deed; • its Prospectus; • the SC Guidelines and other securities laws; and • the internal investment restrictions and policies. (e) Carrying out other duties as may be determined from time to time by the Board. MATTERS DISCUSSED BY THE BIC IN THE FYE 2022 The BIC has undertaken the role of reviewing, recommending and monitoring to the Board of Directors pertaining to all proposals including strategic transactions ie investments in ensuring that the Fund practises sound capital preservation and safety margin levels, maintains optimally measured risk-reward thresholds, adopts prudent but pragmatic management style and attain adequate earnings potential and competitive advantages as well as growth. AL-`AQAR HEALTHCARE REIT ANNUAL REPORT 2022 110
RkJQdWJsaXNoZXIy NDgzMzc=