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LIPPO MALLS INDONESIA RETAIL TRUST ANNUAL REPORT 2013 49
Role of the Audit Committee for Related Party Transactions
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terms and are not prejudicial to the interest of Unitholders.
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third parties and independent valuations obtained to support such bases, on which they are entered into) which are entered into
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Trust. The Audit Committee shall review the internal audit reports to ascertain that the guidelines and procedures established to
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and its supporting documents or such other data deemed necessary by the Audit Committee.
If a member of the Audit Committee has an interest in a transaction, he is required to abstain from participating in the review and
approval process in relation to that transaction.
COMMUNICATION WITH UNITHOLDERS
The Listing Manual of the SGX-ST requires that a listed entity disclose to the market matters that would be likely to have a material
efect on the price of the entity’s securities. The Manager strives to uphold a strong culture of timely disclosure and transparent
communication with the LMIR Trust Unitholders and the investing community.
The Manager’s disclosure policy requires timely and full disclosure of all material information relating to LMIR Trust by way of public
releases or announcements through the SGX-ST via SGXNET at frst instance and then including the release on LMIR Trust’s website
at www.lmir-trust.com.
The Manager also uses other channels of communication with Unitholders such as:
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As recommended by the Code, all resolutions at general meetings are voted by poll.
CORPORATE GOVERNANCE REPORT (CONT’D)