BOARD INVESTMENT COMMITTEE REPORT NUMBER OF MEETINGS HELD AND DETAILS OF ATTENDANCE (CONT’D) During the financial year, the details of attendance are as follows:- 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; (d) Ensuring that the REIT is managed in accordance with:- • its investment objectives; • its Restated Deed; • its Prospectus; • the SC Guidelines and other securities laws; and • the internal investment restrictions and policies. (e) Carrying out other duties as may be determined from time to time by the Board. MEETINGS AND ATTENDANCE (CONT’D) BIC Members Date of Meetings 15 Feb 2023 18 May 2023 16 Aug 2023 19 Sep 2023 (Special) 16 Nov 2023 1 Dato’ Wan Kamaruzaman bin Wan Ahmad 2 Shamsul Anuar bin Abdul Majid 3 Abdullah bin Abu Samah 4 Ng Yan Chuan (Appointed w.e.f 9 September 2023) N/A N/A N/A 126 CORPORATE GOVERNANCE 1 2 3 5 6 AL-`AQAR HEALTHCARE REIT ANNUAL REPORT 2023
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