AL-SALAM REIT ANNUAL REPORT 2019

Board Charter 82 ANNUAL REPORT 2019 AL-SALĀM REIT • 3.4 Directors’ Training In addition to the Mandatory Accreditation Programme (“MAP”) as required by Bursa Malaysia Securities Berhad (“Bursa Securities”), Board members are also encouraged to attend seminars and training programmes organised by the relevant regulatory authorities and professional bodies to broaden their knowledge and to keep abreast with the relevant changes in laws, regulations and the business environment. The Board is also constantly updated by the Company Secretary on changes to the relevant guidelines on the regulatory and statutory requirements. 3.5 Board Meetings and Supply of Information The Board meets regularly at least once every quarter to discuss and approve the release of the quarterly and annual financial results, review acquisitions or disposals, annual budget, capital expenditure requirements, property reports, investor relations reports, performance of the Manager and Al-Salām REIT against the approved budget. When necessary, the Board meets at a special meeting to review and approve acquisitions or disposals for recommendation to the trustee of Al-Salām REIT or any other issues requiring the immediate attention of the Board. Notices and agenda of meetings duly endorsed by the Chairman together with the relevant board papers are normally given at least one (1) week prior to the meetings for the Board to study and evaluate the matters to be discussed. The board papers provided include inter alia, the financial results, business plan and budget, progress report on the properties’ developments, regulatory/statutory updates and other operational and financial issues for the Board’s information and/or approval. 4. CHAIRMAN AND CHIEF EXECUTIVE OFFICER (CEO) 4.1 Chairman The Chairman is responsible for leadership of the Board in ensuring the effectiveness of all aspects of its role. The Chairman is responsible for: a) Leading the Board in setting the values and standards of Al-Salām REIT; b) Maintaining a relationship of trust with and between the Executive and Non-Executive Directors c) Ensuring the provision of accurate, timely and clear information to Directors; d) Ensuring effective communication with Unitholders and relevant stakeholders; and e) Ensuring that members of the Board work together with the Management in a constructive manner to address strategies, business operations, financial performance and risk management issues. 4.2 Chief Executive Officer (CEO) • The CEO is the conduit between the Board and the Management in ensuring the success of the governance and management functions of Al-Salām REIT. • The CEO has the executive responsibility for the day-to-day operation of business, and the execution of the agreed business policies and directions set by the Board and of all operational decisions in managing Al-Salām REIT. • All Board authorities conferred on the Management is delegated through the CEO and this will be considered as the CEO’s authority and accountability as far as the Board is concerned.