Diversity Targets, Plans and Timelines Targets Achieved / Progress Towards Achieving Targets Gender To have at least 2 female Directors on the Board during the period leading up to 2025. CLCT believes in achieving an optimum mix of men and women on the Board to provide different approaches and perspectives. Achieved – As at the end of FY 2023, 4 out of 10 Directors are female. Following the retirement of Ms Kuan Li Li with effect from 1 January 2024, as at the date of this Annual Report, 3 out of 9 Directors (33% of the Board) are female. Age To ensure that the Board comprises Directors across diverse age groups as follows: (a) 50 & below; (b) 51 to 60; and (c) 61 & above, and to maintain such level of age diversity during the period leading up to 2025. CLCT believes that age diversity would provide a broad spectrum of thoughts and views in Board and Board Committee deliberations. Achieved – As at the end of FY 2023, the Board comprises Directors across all 3 age groups. In particular: (a) 50 & below – 2 Directors; (b) 51 to 60 – 3 Directors; and (c) 61 & above – 5 Directors. Following the retirement of Ms Kuan Li Li with effect from 1 January 2024, as at the date of this Annual Report, there are 2 Directors in the age group of 51 to 60. Tenure To ensure that the Board comprises Directors across the following tenure groups: (a) less than 3 years; (b) 3 to 6 years; and (c) more than 6 years, and to maintain such level of tenure diversity during the period leading up to 2025. CLCT believes that tenure diversity would facilitate Board renewal progressively and in an orderly manner, whilst ensuring knowledge continuity about CLCT and its business operations and sustainability of corporate performance. Achieved – As at the end of FY 2023, the Board comprises Directors across all 3 tenure groups. In particular: (a) less than 3 years – 6 Directors; (b) 3 to 6 years – 1 Director; and (c) more than 6 years – 3 Directors. Following the retirement of Ms Kuan Li Li with effect from 1 January 2024, as at the date of this Annual Report, there are 2 Directors who will fulfil the tenure group of 3 to 6 years during FY 2024. CORPORATE GOVERNANCE 120 CAPITALAND CHINA TRUST
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