CORPORATE GOVERNANCE OVERVIEW STATEMENT Stakeholders Engagement The Board seeks to engage with all stakeholders to maintain a mutual understanding of objectives between them and the Company and to manage their expectations. Relations with shareholders and potential investors are managed principally by the Executive Directors. The REIT’s business model also relies on developing and maintaining strong relationships with the REIT’s unitholders, the REIT Managers shareholders, employees, third party service providers, contractors, suppliers and regulatory authorities. The Board is conscious of its responsibility towards all stakeholders and believes this is an important consideration for the long-term growth of the business. Stakeholder engagement and feedback is taken seriously throughout the company. As such the Annual General meeting functions as the main platform for all stakeholders to interact and communicate effectively with respect to financial and operation performance, strategic direction of the REIT, and long-term strategies. The AGM notice was dispatched to shareholders not less than twenty-eight (28) days before the AGM. Shareholders were given ample time to consider the resolutions that will be discussed at Annual General. Open communication is made with all the Group companies and employees. DRMSB places considerable value on open communication and the involvement of employees and keeps them informed on matters affecting them as employees and on the various factors affecting the performance of the REIT and the REIT Manager. This is achieved through formal and informal meetings, information available on the Company’s website, and annual and semi-annual town halls held a fixed intervals. The Group also engages with regulators and government agencies, for example in response to consultations or proposals and new projects ventures. Examples of the engagement initiatives are shown in the table below: PRINCIPLE C: INTEGRITY IN CORPORATE REPORTING AND MEANINGFUL RELATIONSHIP WITH STAKEHOLDERS STAKEHOLDERS ENGAGEMENT AND INITIATIVES Investment Community (Unitholders, Analysts, Fund Managers) • Statutory announcement • Annual General Meeting • Roadshow • Investors and analysts briefing • Corporate website • Social media Media • Media interview • Media release and press statements • Corporate website • Social media Government, local authorities and regulators • Engagement meeting • Consultation papers • Engagement through MRMA • Maintain rapport with local authorities 110 CORPORATE GOVERNANCE 1 2 3 5 6 AL-`AQAR HEALTHCARE REIT ANNUAL REPORT 2023
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