{"id":4289,"date":"2025-03-12T22:15:26","date_gmt":"2025-03-12T22:15:26","guid":{"rendered":"urn:uuid:ba30fc03-e3dd-4f12-8673-4fb810515dc0"},"modified":"2026-06-30T14:38:33","modified_gmt":"2026-06-30T06:38:33","slug":"corporate-governance","status":"publish","type":"page","link":"https:\/\/mapletree-dev.altis.cloud\/mpact\/corporate-governance\/","title":{"rendered":"Corporate Governance"},"content":{"rendered":"\n<section class=\"wp-block-create-block-main-banner banner-section\"><div class=\"\"><div class=\"banner-content\"><picture class=\"banner-background\"><source srcset=\"https:\/\/mapletree-dev.altis.cloud\/tachyon\/sites\/7\/2025\/04\/Corporate-Governance-3.png\" media=\"(min-width: 1471px)\"\/><source srcset=\"https:\/\/mapletree-dev.altis.cloud\/tachyon\/sites\/7\/2025\/04\/corporate-gov-mob-1.png\" media=\"(max-width: 959px)\"\/><img decoding=\"async\" src=\"https:\/\/mapletree-dev.altis.cloud\/tachyon\/sites\/7\/2025\/03\/2760bef613d07fbcc0ae3aaaef484eb3.jpg\"\/><\/picture><div class=\"banner-content-container\"><div class=\"banner-text\"><h2>Corporate<br>Governance<\/h2><\/div><\/div><\/div><\/div><\/section>\n\n\n\n<div class=\"wp-block-group has-global-padding is-layout-constrained wp-container-core-group-is-layout-9e4d5d3f wp-block-group-is-layout-constrained\" style=\"padding-top:50px;padding-right:0px;padding-bottom:50px;padding-left:0px\">\n<div style=\"background-color:transparent\" class=\"wp-block-create-block-custom-tabs\"><div><div class=\" tabs-container clickr-tabs-container top rounded\" data-key=\"b643ccb82f3a\"><div class=\"tabs-nav-wrap\"><div class=\"tabs-nav center\"><div class=\"clickr-tabs-dropdown\"><button class=\"clickr-tabs-dropdown-toggle\"><span>Roles &amp; Responsibilities<\/span><svg width=\"12\" height=\"7\" viewBox=\"0 0 12 7\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path opacity=\"0.8\" d=\"M1 1L6 6L11 1\" stroke=\"#C5C7AF\" stroke-width=\"1.4\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><\/path><\/svg><\/button><div class=\"clickr-tabs-dropdown-content\"><ul><li class=\"tab active-dropdown-item\"><button type=\"button\" data-tab-key=\"0\" data-link=\"\"><span class=\"text-preview\">Roles &#038; Responsibilities<\/span><\/button><\/li><li class=\"tab \"><button type=\"button\" data-tab-key=\"1\" data-link=\"\"><span class=\"text-preview\">Board of Directors<\/span><\/button><\/li><li class=\"tab \"><button type=\"button\" data-tab-key=\"2\" data-link=\"\"><span class=\"text-preview\">Nominating &#038; Remuneration Committee<\/span><\/button><\/li><li class=\"tab \"><button type=\"button\" data-tab-key=\"3\" data-link=\"\"><span class=\"text-preview\">Audit &#038; Risk Committee<\/span><\/button><\/li><li class=\"tab \"><button type=\"button\" data-tab-key=\"4\" data-link=\"\"><span class=\"text-preview\">Whistle-blowing<\/span><\/button><\/li><\/ul><\/div><\/div><ul class=\"tabs clickr-tabs default\" data-key=\"nav-b643ccb82f3a\"><li class=\"tab active\"><button type=\"button\" data-tab-key=\"0\" data-link=\"\"><span class=\"text-preview\">Roles &#038; Responsibilities<\/span><\/button><\/li><li class=\"tab \"><button type=\"button\" data-tab-key=\"1\" data-link=\"\"><span class=\"text-preview\">Board of Directors<\/span><\/button><\/li><li class=\"tab \"><button type=\"button\" data-tab-key=\"2\" data-link=\"\"><span class=\"text-preview\">Nominating &#038; Remuneration Committee<\/span><\/button><\/li><li class=\"tab \"><button type=\"button\" data-tab-key=\"3\" data-link=\"\"><span class=\"text-preview\">Audit &#038; Risk Committee<\/span><\/button><\/li><li class=\"tab \"><button type=\"button\" data-tab-key=\"4\" data-link=\"\"><span class=\"text-preview\">Whistle-blowing<\/span><\/button><\/li><\/ul><span id=\"highlight-b643ccb82f3a\" class=\"rounded-tabs-highlight\"><\/span><\/div><\/div><div class=\"tab-contents clickr-tab-contents\" data-key=\"contents-b643ccb82f3a\">\n<div class=\"wp-block-create-block-tab custom-tab-items tab-content visible\">\n<div class=\"wp-block-group content-wrapper full-width mpact-mobile-basic-container has-global-padding is-layout-constrained wp-container-core-group-is-layout-91b59794 wp-block-group-is-layout-constrained\" style=\"padding-top:48px;padding-right:100px;padding-left:100px\">\n<p class=\"mt-mobile-h2 has-text-color has-link-color wp-elements-16c29a2b5684133c2dc4911718f5e6b8 wp-block-paragraph\" style=\"color:#333333;font-size:38px\"><strong>Roles &amp; Responsibilities<\/strong><\/p>\n\n\n\n<p class=\"has-text-color has-link-color wp-elements-8daa22774a85504a1ff51a0b2fc55e95 wp-block-paragraph\" style=\"color:#333333;font-size:16px;font-style:normal;font-weight:500\">The Manager carries out the following roles and responsibilities:<\/p>\n\n\n\n<div class=\"wp-block-group mt-mobile-padding-v-0 mpact-coperate-tab is-vertical is-layout-flex wp-container-core-group-is-layout-690833ed wp-block-group-is-layout-flex\" style=\"padding-top:48px\">\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-d5ff150a wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:88px\">\n<figure class=\"wp-block-image size-large is-resized image-width-mobile\"><img loading=\"lazy\" decoding=\"async\" width=\"88\" height=\"88\" src=\"https:\/\/mapletree-dev.altis.cloud\/uploads\/sites\/7\/2025\/03\/Group-1355.svg\" alt=\"\" class=\"wp-image-4459\" style=\"object-fit:cover;width:88px;height:88px\"\/><\/figure>\n<\/div>\n\n\n\n<div class=\"wp-block-column has-global-padding is-layout-constrained wp-container-core-column-is-layout-84f2073d wp-block-column-is-layout-constrained\" style=\"padding-top:0;padding-bottom:0;flex-basis:88%\">\n<p class=\"has-text-color has-link-color wp-elements-296b8e71cb25e78f8c092d13ac2e6b28 wp-block-paragraph\" style=\"color:#333333;font-size:24px\"><strong>Sustainable Business Operations<\/strong><\/p>\n\n\n\n<p class=\"has-text-color has-link-color wp-elements-276ef056ee2784b2bc696f4cce9cb6c6 wp-block-paragraph\" style=\"color:#333333;padding-top:12px;font-size:16px;font-style:normal;font-weight:400\">Using its best endeavours&nbsp;in carrying on the Group\u2019s&nbsp;business in a proper and efficient&nbsp;manner to generate returns&nbsp;in a sustainable manner and&nbsp;conducting all transactions on&nbsp;normal commercial terms and&nbsp;on an arm\u2019s length basis;&nbsp;<\/p>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-d5ff150a wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:88px\">\n<figure class=\"wp-block-image size-large is-resized image-width-mobile\"><img loading=\"lazy\" decoding=\"async\" width=\"88\" height=\"88\" src=\"https:\/\/mapletree-dev.altis.cloud\/uploads\/sites\/7\/2025\/03\/Group-1356.svg\" alt=\"\" class=\"wp-image-4460\" style=\"object-fit:cover;width:88px;height:88px\"\/><\/figure>\n<\/div>\n\n\n\n<div class=\"wp-block-column has-global-padding is-layout-constrained wp-container-core-column-is-layout-f235e9be wp-block-column-is-layout-constrained\" style=\"flex-basis:88%\">\n<p class=\"has-text-color has-link-color wp-elements-8ea789fed6bdadf5e23d0c4611e6734d wp-block-paragraph\" style=\"color:#333333;font-size:24px\"><strong>Annual Budget Preparation<\/strong><\/p>\n\n\n\n<p class=\"has-text-color has-link-color wp-elements-bcb5eb397b7c925ffd53cbaefc0a7729 wp-block-paragraph\" style=\"color:#333333;padding-top:12px;font-size:16px;font-style:normal;font-weight:400\">Preparing annual budget&nbsp;proposals and business plans for&nbsp;review by the directors of the&nbsp;Manager (\u201cDirectors\u201d), including&nbsp;forecasts on gross revenue,&nbsp;property expenditure, capital expenditure and providing&nbsp;explanations on major variances&nbsp;against prior year\u2019s actual results&nbsp;and written commentaries&nbsp;on key issues and underlying&nbsp;assumptions on rental rates, operating expenses and any&nbsp;other relevant assumptions.&nbsp;The purpose of such proposals&nbsp;and analyses is to chart the Group\u2019s&nbsp;business for the year ahead and&nbsp;to explain the performance of&nbsp;MPACT\u2019s properties compared&nbsp;to the prior year;<\/p>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-d5ff150a wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:88px\">\n<figure class=\"wp-block-image size-large is-resized image-width-mobile\"><img loading=\"lazy\" decoding=\"async\" width=\"88\" height=\"88\" src=\"https:\/\/mapletree-dev.altis.cloud\/uploads\/sites\/7\/2025\/03\/Group-1357.svg\" alt=\"\" class=\"wp-image-4461\" style=\"object-fit:cover;width:88px;height:88px\"\/><\/figure>\n<\/div>\n\n\n\n<div class=\"wp-block-column has-global-padding is-layout-constrained wp-container-core-column-is-layout-f235e9be wp-block-column-is-layout-constrained\" style=\"flex-basis:88%\">\n<p class=\"has-text-color has-link-color wp-elements-41dc0b2a2e5e4e8321680fa6956fb3bb wp-block-paragraph\" style=\"color:#333333;font-size:24px\"><strong>Regulatory Compliance<\/strong><\/p>\n\n\n\n<p class=\"has-text-color has-link-color wp-elements-d22d3b45918e815e656939f4c5c00da6 wp-block-paragraph\" style=\"color:#333333;padding-top:10px;padding-bottom:0px;font-size:16px\">Ensuring compliance with applicable laws and regulations, such as the;<\/p>\n\n\n\n<div class=\"wp-block-group has-global-padding is-layout-constrained wp-container-core-group-is-layout-c82dd0f2 wp-block-group-is-layout-constrained\">\n<ul style=\"color:#333333;padding-top:20px;padding-bottom:0px;font-style:normal;font-weight:400\" class=\"wp-block-list has-text-color has-link-color wp-elements-0c102f5d699871296b5e91300fac3f2c\">\n<li><mark style=\"background-color:rgba(0, 0, 0, 0);color:#333333\" class=\"has-inline-color\">Securities and Futures Act 2001<\/mark><\/li>\n\n\n\n<li><mark style=\"background-color:rgba(0, 0, 0, 0);color:#333333\" class=\"has-inline-color\">Listing Manual of SGX-ST<\/mark><\/li>\n\n\n\n<li><mark style=\"background-color:rgba(0, 0, 0, 0);color:#333333\" class=\"has-inline-color\">The Code on Collective Investment Schemes (\u201cCIS Code\u201d) issued by the MAS (including Appendix 6 of the CIS Code, the \u201cProperty Funds Appendix\u201d)<\/mark><\/li>\n\n\n\n<li><mark style=\"background-color:rgba(0, 0, 0, 0);color:#333333\" class=\"has-inline-color\">Singapore Code on Takeovers and Mergers<\/mark><\/li>\n\n\n\n<li><mark style=\"background-color:rgba(0, 0, 0, 0);color:#333333\" class=\"has-inline-color\">Trust Deed<\/mark><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-d5ff150a wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:102px\">\n<figure class=\"wp-block-image size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/mapletree-dev.altis.cloud\/tachyon\/sites\/5\/2025\/06\/Group-8722.png\" alt=\"\" class=\"wp-image-6299\" style=\"object-fit:cover;width:88px;height:auto\" data-recalc-dims=\"1\"\/><\/figure>\n<\/div>\n\n\n\n<div class=\"wp-block-column has-global-padding is-layout-constrained wp-container-core-column-is-layout-f235e9be wp-block-column-is-layout-constrained\" style=\"flex-basis:90%\">\n<p class=\"has-text-color has-link-color wp-elements-759847dc7a1d3d9cd905532f4031a116 wp-block-paragraph\" style=\"color:#333333;font-size:24px\"><strong>Unitholder Engagement<\/strong><\/p>\n\n\n\n<p class=\"has-text-color has-link-color wp-elements-d2b4fe408be929cf83916fd25bf68f3e wp-block-paragraph\" style=\"color:#333333;padding-top:12px;font-size:16px\">  Attending to all regular communications with Unitholders<\/p>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-d5ff150a wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:88px\">\n<figure class=\"wp-block-image size-large is-resized\"><img decoding=\"async\" src=\"https:\/\/mapletree-dev.altis.cloud\/tachyon\/sites\/5\/2025\/06\/Mapletree-Website-Revamp-2.png\" alt=\"\" class=\"wp-image-6271\" style=\"object-fit:cover;width:88px;height:88px\"\/><\/figure>\n<\/div>\n\n\n\n<div class=\"wp-block-column has-global-padding is-layout-constrained wp-container-core-column-is-layout-f235e9be wp-block-column-is-layout-constrained\" style=\"flex-basis:88%\">\n<p class=\"has-text-color has-link-color wp-elements-2740b0e825fb607381a74cdab739225b wp-block-paragraph\" style=\"color:#333333;font-size:24px\"><strong>Oversight of Property Management Functions<\/strong><\/p>\n\n\n\n<p class=\"has-text-color has-link-color wp-elements-763e076ae168bed0388dfeb8c7b9dfa4 wp-block-paragraph\" style=\"color:#333333;padding-top:12px;font-size:16px\">Supervising the relevant property&nbsp;manager which performs the&nbsp;day-to-day property management&nbsp;functions (including leasing,&nbsp;marketing, promotion, operations&nbsp;coordination and other property&nbsp;management activities) for&nbsp;MPACT\u2019s properties.<\/p>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-7387b849 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<p class=\"has-text-color has-link-color wp-elements-6a2f28da4c79386a78d231a149e83c2c wp-block-paragraph\" style=\"color:#333333;font-size:16px\">The Manager also considers&nbsp;sustainability issues (including&nbsp;environmental and social factors) as&nbsp;part of its responsibilities. MPACT\u2019s&nbsp;ESG efforts can be found in MPACT\u2019s&nbsp;SR FY2025\/26, which is available&nbsp;via <a href=\"https:\/\/www.sgx.com\/securities\/company-announcements?value=MPACT%20MANAGEMENT%20LTD.&amp;type=company\"><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-custom-primary-mpact-color\">SGXNET<\/mark><\/a> and MPACT\u2019s <a href=\"https:\/\/mapletree-dev.altis.cloud\/mpact\/sustainability\/\"><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-custom-primary-mpact-color\">website<\/mark><\/a>.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-create-block-tab custom-tab-items tab-content\">\n<div class=\"wp-block-group content-wrapper full-width mpact-mobile-basic-container has-global-padding is-layout-constrained wp-container-core-group-is-layout-42174194 wp-block-group-is-layout-constrained\" style=\"padding-top:48px;padding-right:100px;padding-left:100px\">\n<p class=\"mt-mobile-h2 has-text-color has-link-color wp-elements-60899a63cdc7c3d46f7ca08c2d10b007 wp-block-paragraph\" style=\"color:#333333;font-size:38px\"><strong>Board of Directors<\/strong><\/p>\n\n\n\n<div class=\"wp-block-group is-vertical is-layout-flex wp-container-core-group-is-layout-2c90304e wp-block-group-is-layout-flex\">\n<p class=\"has-text-color has-link-color wp-elements-89afbcb336c20eb849142190fa5a2757 wp-block-paragraph\" style=\"color:#333333\">The Manager adopts the principle that the Board of Directors (the \u201cBoard\u201d) is collectively responsible for the long-term success of MPACT and an effective Board for the Manager is one constituted with the right core competencies and diversity of experience, so that the collective wisdom of the Board can give guidance and provide insights as well as strategic thinking to the management team of the Manager (\u201cManagement\u201d).<\/p>\n\n\n\n<p class=\"has-text-color has-link-color wp-elements-c2ea0d248e3562e4e9505d351978a162 wp-block-paragraph\" style=\"color:#333333\">The key roles of the Board are to:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><mark style=\"background-color:rgba(0, 0, 0, 0);color:#333333\" class=\"has-inline-color\">Guide the corporate strategy and direction of the Manager<\/mark><\/li>\n\n\n\n<li><mark style=\"background-color:rgba(0, 0, 0, 0);color:#333333\" class=\"has-inline-color\">Ensure that Management discharges business leadership and demonstrates the highest quality of management with integrity and enterprise<\/mark><\/li>\n\n\n\n<li><mark style=\"background-color:rgba(0, 0, 0, 0);color:#333333\" class=\"has-inline-color\">Oversee the proper conduct of the Manager.<\/mark><\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><mark style=\"background-color:rgba(0, 0, 0, 0);color:#333333\" class=\"has-inline-color\">In discharging their roles and responsibilities, all Directors of the Board are expected to act and have acted in the best&nbsp;interests of MPACT.<\/mark><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><mark style=\"background-color:rgba(0, 0, 0, 0);color:#333333\" class=\"has-inline-color\">The positions of Chairman and Chief Executive Officer (\u201cCEO\u201d) are held by two separate persons in order to maintain effective oversight. The Board has also established the Audit and Risk Committee (the \u201cAC\u201d) and&nbsp;the&nbsp;Nominating and Remuneration Committee (the&nbsp;\u201cNRC\u201d), each of which operates under delegated authority from the Board, to assist the Board in discharging its oversight function.<\/mark><\/p>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-create-block-tab custom-tab-items tab-content\">\n<div class=\"wp-block-group content-wrapper full-width mpact-mobile-basic-container has-global-padding is-layout-constrained wp-container-core-group-is-layout-42174194 wp-block-group-is-layout-constrained\" style=\"padding-top:48px;padding-right:100px;padding-left:100px\">\n<p class=\"mt-mobile-h2 has-text-color has-link-color wp-elements-ac43ce5962c8c725554bb5386633ab9d wp-block-paragraph\" style=\"color:#333333;font-size:38px\"><strong>Nominating &amp; Remuneration Committee<\/strong><\/p>\n\n\n\n<div class=\"wp-block-group is-vertical is-layout-flex wp-container-core-group-is-layout-2c90304e wp-block-group-is-layout-flex\">\n<p class=\"has-text-color has-link-color wp-elements-2026191753636490c15adc3b69afaa90 wp-block-paragraph\" style=\"color:#333333\">The Manager has an established NRC which consists of a minimum of three members and is constituted in a way that enables it to exercise its judgment and demonstrate its ability to make decisions which are consistent with the current and future financial status of the business. The current members are: Mr Alvin Tay, Lead Independent Non-Executive Director and Chairman of NRC, Ms Lilian Chiang, Independent Non-Executive Director and Mr Chua Tiow Chye, Non-Executive Director.<\/p>\n\n\n\n<p class=\"has-text-color has-link-color wp-elements-d7ecd9b70180f5ab11d0110978047dd2 wp-block-paragraph\" style=\"color:#333333\">The NRC has written terms of reference setting out its scope and authority in performing the functions of a nominating and remuneration committee, which include assisting the Board in matters relating to:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><mark style=\"background-color:rgba(0, 0, 0, 0);color:#333333\" class=\"has-inline-color\">Reviewing and recommending to the Board all nominations for the appointment and re-appointment of Directors and of members to the various Board&nbsp;Committees<\/mark><\/li>\n\n\n\n<li><mark style=\"background-color:rgba(0, 0, 0, 0);color:#333333\" class=\"has-inline-color\">Reviewing and recommending to the Board the succession plan for the Executive Director and CEO of the Manager<\/mark><\/li>\n\n\n\n<li><mark style=\"background-color:rgba(0, 0, 0, 0);color:#333333\" class=\"has-inline-color\">The remuneration framework for the Directors, the Executive Director and CEO and Management of the Manager, including all option plans, stock plans and the like as well as the performance hurdles of such plans<\/mark><\/li>\n\n\n\n<li><mark style=\"background-color:rgba(0, 0, 0, 0);color:#333333\" class=\"has-inline-color\">The specific remuneration package for the Directors and key management personnel<\/mark><\/li>\n\n\n\n<li><mark style=\"background-color:rgba(0, 0, 0, 0);color:#333333\" class=\"has-inline-color\">The termination payment, gratuities, severance payment and other similar payments to the Executive Director and CEO of the Manager.&nbsp;&nbsp;<\/mark><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-create-block-tab custom-tab-items tab-content\">\n<div class=\"wp-block-group content-wrapper full-width mpact-mobile-basic-container has-global-padding is-layout-constrained wp-container-core-group-is-layout-a386bef4 wp-block-group-is-layout-constrained\" style=\"padding-top:48px;padding-right:100px;padding-left:100px\">\n<p class=\"mt-mobile-h2 has-text-color has-link-color wp-elements-f7b95f3b71a12068345063bac39b2a05 wp-block-paragraph\" style=\"color:#333333;font-size:38px\"><strong>Audit &amp; Risk Committee<\/strong><\/p>\n\n\n\n<div class=\"wp-block-group is-vertical is-layout-flex wp-container-core-group-is-layout-2c90304e wp-block-group-is-layout-flex\">\n<p class=\"has-text-color has-link-color wp-elements-c084c3a230f8b4a6aeedf7ad8bda58e4 wp-block-paragraph\" style=\"color:#333333\">The Board is supported by the AC which provides additional oversight of financial, risks and audit matters, so&nbsp;as to maximise the effectiveness of the Board and foster&nbsp;active participation and contribution. The Manager adopts the principle that the AC shall have at least three members, all of whom must be non-executive and the majority of whom, including the AC Chairman, must be independent.&nbsp;The AC consists of four members, all of whom are independentt, have the&nbsp;relevant accounting, finance and\/&nbsp;or risk management experience,&nbsp;and are appropriately qualified to&nbsp;discharge their responsibilities as&nbsp;AC members.<\/p>\n\n\n\n<p class=\"has-text-color has-link-color wp-elements-53eac2a6cfdf84fd466091f33713f77b wp-block-paragraph\" style=\"color:#333333\">They are:&nbsp;Mr Wu Long Peng, Independent Non-Executive Director and Chairman of AC, Mr Chua Kim Chiu, Independent Non-Executive Director,&nbsp;Mr Mak Keat Meng, Independent Non-Executive Director and&nbsp;Mr Lawrence Wong, Independent Non-Executive Director.&nbsp;<\/p>\n\n\n\n<p class=\"has-text-color has-link-color wp-elements-088d501e62925fb9b4e036165f1a8871 wp-block-paragraph\" style=\"color:#333333\">The AC has written terms of reference setting out its scope and authority, which include:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><mark style=\"background-color:rgba(0, 0, 0, 0);color:#333333\" class=\"has-inline-color\">Examination of interested person transactions<\/mark><\/li>\n\n\n\n<li><mark style=\"background-color:rgba(0, 0, 0, 0);color:#333333\" class=\"has-inline-color\">Review and approval of the scope of internal and external audit plans and activities<\/mark><\/li>\n\n\n\n<li><mark style=\"background-color:rgba(0, 0, 0, 0);color:#333333\" class=\"has-inline-color\">Review of the adequacy, effectiveness, independence, scope and audit findings of internal and external auditors&nbsp;as well as Management\u2019s responses to them and the implementation of remedial actions to address such findings<\/mark><\/li>\n\n\n\n<li><mark style=\"background-color:rgba(0, 0, 0, 0);color:#333333\" class=\"has-inline-color\">Evaluation of the nature and extent of non-audit services performed by external auditors<\/mark><\/li>\n\n\n\n<li><mark style=\"background-color:rgba(0, 0, 0, 0);color:#333333\" class=\"has-inline-color\">Review of the quality and reliability of information prepared for inclusion in financial reports<\/mark><\/li>\n\n\n\n<li><mark style=\"background-color:rgba(0, 0, 0, 0);color:#333333\" class=\"has-inline-color\">Authority to investigate any matters within its terms of reference, full access to and co-operation by Management and full discretion to invite any Director or&nbsp;executive officer to attend its meetings, and reasonable resources to enable it to discharge its functions properly<\/mark><\/li>\n\n\n\n<li><mark style=\"background-color:rgba(0, 0, 0, 0);color:#333333\" class=\"has-inline-color\">Making recommendation to the Board on the appointment and re-appointment of external auditors<\/mark><\/li>\n\n\n\n<li><mark style=\"background-color:rgba(0, 0, 0, 0);color:#333333\" class=\"has-inline-color\">Approval of the remuneration and terms of engagement of external auditors<\/mark><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-create-block-tab custom-tab-items tab-content\">\n<div class=\"wp-block-group content-wrapper full-width mpact-mobile-basic-container has-global-padding is-layout-constrained wp-container-core-group-is-layout-a386bef4 wp-block-group-is-layout-constrained\" style=\"padding-top:48px;padding-right:100px;padding-left:100px\">\n<p class=\"mt-mobile-h2 has-text-color has-link-color wp-elements-2afc187201301c9158b6e7258a81193f wp-block-paragraph\" style=\"color:#333333;font-size:38px\"><strong>Whistle-blowing<\/strong><\/p>\n\n\n\n<div class=\"wp-block-group is-vertical is-layout-flex wp-container-core-group-is-layout-2c90304e wp-block-group-is-layout-flex\">\n<p class=\"has-text-color has-link-color wp-elements-ed138b97edfaa6112d39834bc9104272 wp-block-paragraph\" style=\"color:#333333\">To reinforce a culture of good business ethics and governance, the Manager has a Whistle-blowing Policy to encourage the reporting, in good faith, of any suspected misconduct or wrongdoing, including possible financial irregularities.&nbsp;Anonymous&nbsp;reporting is allowed, protecting&nbsp;the whistle-blowers from reprisals&nbsp;and detrimental or unfair treatment&nbsp;by, among others, ensuring&nbsp;that the identity of the whistle-blower is kept confidential. Any&nbsp;reporting concerning the Group&nbsp;or the Manager is notified to the&nbsp;AC Chairman of the Sponsor as&nbsp;well as the AC Chairman of the&nbsp;Manager for further investigation. The findings will then be reported to the AC of the Manager which is responsible for oversight and monitoring of the Whistle-blowing reports received.<\/p>\n\n\n\n<p class=\"has-text-color has-link-color wp-elements-481d046d0eb7876a7de845359fde4e56 wp-block-paragraph\" style=\"color:#333333;font-style:normal;font-weight:400\">For queries or to make a report, please write to <a href=\"mailto:reporting@mapletree.com.sg\"><mark style=\"background-color:rgba(0, 0, 0, 0);color:#019ba3\" class=\"has-inline-color\">reporting@mapletree.com.sg<\/mark><\/a><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-custom-primary-mpact-color\">.<\/mark><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div><\/div><\/div><\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-group mpact-latest-blk has-background has-global-padding is-layout-constrained wp-container-core-group-is-layout-61d584a3 wp-block-group-is-layout-constrained\" style=\"background-color:#e7e8de\">\n<div class=\"wp-block-group has-global-padding is-layout-constrained wp-container-core-group-is-layout-6b075339 wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group content-wrapper full-width is-nowrap is-layout-flex wp-container-core-group-is-layout-62512ad4 wp-block-group-is-layout-flex\" style=\"padding-top:50px;padding-right:193px;padding-bottom:50px;padding-left:193px\">\n<div class=\"wp-block-group has-global-padding is-layout-constrained wp-container-core-group-is-layout-fca95f8f wp-block-group-is-layout-constrained\">\n<figure class=\"wp-block-image size-full has-custom-border is-style-default\"><img loading=\"lazy\" decoding=\"async\" width=\"595\" height=\"841\" src=\"https:\/\/mapletree-dev.altis.cloud\/mpact\/tachyon\/sites\/7\/2026\/06\/4289-corporate-governance-20260630-063800.png\" alt=\"\" class=\"wp-image-7914\" style=\"border-style:none;border-width:0px;border-radius:19px;object-fit:cover\" srcset=\"https:\/\/mapletree-dev.altis.cloud\/tachyon\/sites\/7\/2026\/06\/4289-corporate-governance-20260630-063800.png?resize=595%2C841&amp;zoom=1 595w, https:\/\/mapletree-dev.altis.cloud\/tachyon\/sites\/7\/2026\/06\/4289-corporate-governance-20260630-063800.png?resize=595%2C841&amp;zoom=0.5 298w, https:\/\/mapletree-dev.altis.cloud\/tachyon\/sites\/7\/2026\/06\/4289-corporate-governance-20260630-063800.png?resize=595%2C841&amp;zoom=0.25 149w\" sizes=\"auto, (max-width: 595px) 100vw, 595px\" \/><\/figure>\n<\/div>\n\n\n\n<div class=\"wp-block-group has-global-padding is-layout-constrained wp-container-core-group-is-layout-7538235a wp-block-group-is-layout-constrained\">\n<h2 class=\"wp-block-heading has-text-color has-link-color wp-elements-8f408e0f39af2cc46243794b9231f3d6\" style=\"color:#333333;font-size:24px\">Learn More in Our Latest Corporate Governance Report<\/h2>\n\n\n\n<p class=\"has-text-color has-link-color wp-elements-846340d7c193bae3798c370e9c58921f wp-block-paragraph\" style=\"color:#33333380;font-size:16px\">Corporate Governance Report 2025\/26<\/p>\n\n\n\n<div class=\"wp-block-create-block-mt-button\"><a id=\"\" class=\"mt-button  default fill normal\" href=\"https:\/\/investor.mapletreepact.com\/misc\/ar2025-26\/Corporate-Governance.pdf\" target=\"_blank\" style=\"--mt-button-color:#009ca5;--mt-text-color:#ffffff\" rel=\"noopener\"><div class=\"mt-button-content\"><p>Download<\/p><\/div><\/a><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Learn More in Our Latest Corporate Governance Report Corporate Governance Report 2025\/26<\/p>\n","protected":false},"author":7,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"_trash_the_other_posts":false,"ep_exclude_from_search":false,"editor_notices":[],"footnotes":""},"class_list":["post-4289","page","type-page","status-publish","hentry"],"acf":[],"mb":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - 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