CapitaLand supports high standards of corporate conduct as reflected in the Principles of the Code of Corporate Governance (the “Code”). The Group is focused on the spirit of the Code while achieving operational excellence and delivering on long term objectives.

CapitaLand was the first listed real estate group in Singapore to introduce quarterly reporting in 2001.

Operating within a disclosure-based regime, the Board is accountable to shareholders, while Management isresponsible to the Board. This mutually beneficial tripartite relationship comprising the Board, Management and shareholders, underpins the creation and growth of sustainable shareholder value.

CapitaLand’s Board comprises primarily non-executive directors independent of Management, with one executive director who is also CapitaLand’s President and Chief Executive Officer (“CEO”). There is a clear separation of the role of the Chairman and the CEO.

The Board meets every quarter and directors are provided with relevant information. Every director is expected to act in good faith, provide insights and consider at all times, the interests of the Company and its shareholders.

The Board is supported by Board committees that provide independent supervision of Management. These Board committees are the Audit Committee, Executive Resource and Compensation Committee, Finance and Budget Committee, Investment Committee, Corporate Disclosure Committee, Nominating Committee and Risk Committee. Other committees may be formed as dictated by business imperatives.

The Nominating Committee ensures that the Board and Board committees comprise individuals who are best able to discharge their responsibilities having regard to the highest standards of corporate governance. Review of Board performance and change in its composition may be driven by the needs of the Company and its business.