AL-SALAM REIT ANNUAL REPORT 2020

76 AL-SALĀM REIT GOVERNANCE AND ACCOUNTABILITY As part of the Manager’s initiatives to have more sustainable operations for the properties of the REIT, the Manager ensures that the Board of Directors (“Board”) and the Management of the REIT Manager take ownership of their responsibilities to incorporate sustainable roles and establish a sustainable tone at the top. Governance Structure BOARD OF DIRECTORS CEO GENERAL MANAGER NOMINATION & REMUNERATION COMMITTEE BOARD AUDIT & RISK COMMITTEE • Business Development/ Capital Management • Operations/Asset Management • Corporate Service - Legal & Secretarial, HR, IT • Compliance & Risk BOARD INVESTMENT COMMITTEE MANAGEMENT COMMITTEE Weekly • Tenancy Report • Marketing Report • Collection Report • Status of Upgrading Works • Complaints • Sustainability Initiatives - Energy Saving Initiatives - Waste Management - Manpower Diversity - Employee Training & Development - Succession Planning - Tenants Satisfaction Survey PROPERTY MANAGEMENT MEETING Monthly Trustee Shariah Advisory Committee Compliance Officer • Strategic Risk • Operational Risks • Financial Risks • Compliance Risks • BCM & Cybersecurity • Integrity ERMC Quarterly INTERNAL AUDIT SUSTAINABILITY STATEMENT