AL-SALAM REIT ANNUAL REPORT 2017

AL-SALĀM REIT ANNUAL REPORT 2017 97 • Asset Management Supervise and oversee the management of Al-Salām REIT’s properties including procurement of service providers to carry out specified activities, including but not limited to onsite property management, property maintenance, rent collection and arrear control. The Manager is also responsible for developing a business plan in the short, medium and long term with a view to maximising the income of Al-Salām REIT. • Risk Management Determine the level of risk tolerance and actively identify, assess and monitor the principal risks of Al-Salām REIT and ensuring the implementation of appropriate systems to mitigate and manage these risks. • Financing Formulate plans for equity and debt financing for Al-Salām REIT’s funding requirements with the objective of optimising the capital structure and cost of capital. • Accounting Records Keep books and prepare or cause to be prepared accounts and annual reports, including annual budget for Al-SalāmREIT. • Investor Relations Developing and maintaining investor relations including information coordination and distribution as well as customer service to investors. • Compliance Management Supervise all regulatory filings on behalf of Al-Salām REIT, and ensure that Al-Salām REITis in compliance with the applicable provisions of the Securities Commission Act, SC REIT Guidelines, Bursa Securities Listing Requirements, Trust Deed and all relevant contracts. PRINCIPLES OF THE CORPORATE GOVERNANCE CODE 1. BOARD LEADERSHIP AND EFFECTIVENESS 1.1 Board Responsibilities In discharging their duties and responsibilities, the Board ensures that all decisions made are in the best interests of the Fund and stakeholders. As prescribed by the MCCG 2017, the Board assumes, inter alia, the following responsibilities: