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
reporting in 2001.
Operating within a disclosure-based
regime, the Board is accountable to
shareholders, while Management is
responsible to the Board. This mutually
beneficial tripartite relationship
comprising the Board, Management
and shareholders, underpins the
creation and growth of sustainable
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
Remuneration for the Board
and key executives is linked to the
development of management bench
strength and key executives. No
director is involved in deciding his own
The Executive Resource
and Compensation Committee
conducts an annual succession
planning review of the CEO and selected
key positions, and considers industry
practices and norms in compensation.
The Board ensures that Management
maintains a sound system of internal
controls to safeguard shareholders’
investments and the Company’s assets.
CapitaLand believes in regular and
timely communication with shareholders.
We regularly communicate
major developments to various
constituencies via announcements,
shareholders’ meetings, media and
investor relations activities, and making
available literature in various forms
including through a comprehensive
website. In addition, we attend to
queries from the various constituencies
and communicate as required under
the SGX-ST Listing Manual.
Directors and employees are
made aware that insider trading
laws are applicable at all times.
They are prohibited from dealing
in the Company’s securities while in
possession of material unpublished
to transparency, disclosure and
dissemination reduces share price
volatility, improves market valuation,
increases liquidity, increases the
Group’s credibility and enhances
overall shareholder value.