MEETINGS AND ATTENDANCE Number of Meetings Held and Details of Attendance The BIC meets at quarterly intervals or such other intervals as the Committee shall decide. The BIC held four regular meetings during FY2024 which were attended by all members. During the financial year, the details of attendance are as follows: Date of Meetings No BARC Members 18 Feb 2024 16 May 2024 21 Aug 2024 18 Nov 2024 1 Shamsul Anuar bin Abdul Majid ✔ ✔ ✔ ✔ 2 Abdullah bin Abu Samah ✔ ✔ ✔ ✔ 3 Ng Yan Chuan (Resigned on 31 December 2024) ✔ ✔ ✔ ✔ 4 Datuk Hashim bin Wahir (Resigned on 28 February 2025) ✔ ✔ ✔ ✔ TERMS OF REFERENCE The BIC is responsible for fulfilling the duties ascribed to it in the BIC Term of Reference (“BIC TOR”), including those specifically delegated to it from time to time by the Board. The duties and responsibilities of the BIC are set out in its Terms of Reference as follows: Objectives (a) Making recommendations to the Board on all acquisitions, investments and disposals; (b) Making recommendations to the Board on any financing offers, capital management proposals and additional banking facilities; (c) Reporting and recommending to the Board any corporate exercise, including the issuance of new REIT units; and (d) Making recommendations to the Board on financial budgets. Roles and Responsibilities Subject at all times to the provisions of the Trust Deed, and to any other regulations or resolutions that may be adopted, the BIC is responsible for: (a) Reviewing all proposals regarding investments, dispositions, financings and other relevant transactions (strategic transactions) (b) To make recommendations on any other matters to the Board; (c) To review and monitor approved strategic transactions or other matters; Board Investment Committee Report 122 AL-SALĀM REIT ANNUAL REPORT 2024
RkJQdWJsaXNoZXIy NDgzMzc=