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48 LIPPO MALLS INDONESIA RETAIL TRUST ANNUAL REPORT 2013
WHISTLE BLOWING POLICY
The Audit Committee has put in place procedures to provide whistle-blowers with well defned and accessible channels to report
on suspected fraud, corruption, dishonest practices or other similar matters relating to LMIR Trust or the Manager, and for the
independent investigation of any reports by employees or any third party and appropriate follow up action. The aim of the whistle
blowing policy is to encourage the reporting of such matters in good faith, with the confdence that a whistle-blower making such
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RELATED PARTY TRANSACTIONS
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length basis and on normal commercial terms and will not be prejudicial to the interests of LMIR Trust and the Unitholders.
The Manager must demonstrate to Audit Committee that such transactions satisfy the foregoing criteria, which may entail obtaining
(where practicable) quotations from parties unrelated to the Manager, or obtaining one or more valuation from independent
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such transactions if they are on normal commercial terms and are consistent with similar types of transactions made by the
Trustee with third parties which are unrelated to the Manager; and
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value of LMIR Trust’s net tangible assets/net asset will be reviewed and approved prior to such transactions being entered
into, on the basis described in the preceding paragraph, by the Audit Committee which may, as it deems ft, request advice on
the transactions from independent sources or advisers, including obtaining valuations from independent professional valuers.
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Unitholders at a meeting of Unitholders; and
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Annual Report.
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consider the terms of such transactions to satisfy itself that such transactions are conducted on arm’s length basis and on normal
commercial terms, are not prejudicial to the interests of LMIR Trust and the Unitholders, and are in accordance with all applicable
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may from time to time be prescribed by the MAS and the SGX-ST to apply to real estate investment trusts.
CORPORATE GOVERNANCE REPORT (CONT’D)