Corporate Governance Report
(Cont’d)
&OR THE lNANCIAL YEAR UNDER REVIEW THE #HIEF %XECUTIVE /FlCER AND THE #HIEF &INANCIAL /FlCER OF THE -ANAGER HAVE PROVIDED
assurance to the Board that the financial records of LMIR Trust have been properly maintained and the financial statements
give a true and fair view of the operations and finances and that the risk management and internal control system which
has been put in place is effective in addressing the material risks faced by LMIR Trust in its current business environment.
Principle 12: The company undertake the steps to solicit and understand the views of the shareholders
e.g. through analyst briefings, investor roadshows or Investors’ day briefings.”
COMMUNICATION WITH UNITHOLDERS AND INVESTORS
4HE ,ISTING -ANUAL OF THE 3'8 34 REQUIRES THAT A LISTED ENTITY DISCLOSE TO THE MARKET MATTERS THAT WOULD BE LIKELY TO HAVE A
material effect on the price of the entity’s securities. The Manager strives to uphold a strong culture of timely disclosure and
TRANSPARENT COMMUNICATION WITH THE ,-)2 4RUST 5NITHOLDERS 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 3'8 34 VIA 3'8.%4 AT lRST INSTANCE AND THEN INCLUDING THE RELEASE ON
,-)2 4RUST S WEBSITE AT WWW LMIR TRUST COM
4HE -ANAGER ALSO USES OTHER CHANNELS OF COMMUNICATION WITH 5NITHOLDERS AND )NVESTORS TO KEEP THEM INFORMED OF THE
corporate development such as:
s -EDIA AND ANALYSTS BRIElNGS ON A QUARTERLY BASIS
s /NE ONnONE GROUP MEETINGS OR CONFERENCE CALLS LOCAL OVERSEAS NON DEAL SPECIlC ROADSHOWS
s 0ARTICIPATION IN FORUMS AND SEMINARS ORGANISED BY VARIOUS lNANCIAL INSTITUTIONS AND ATTENDED BY SELECTED INVESTORS
s 2ESPONDING TO QUERIES SUBMITTED TO THE -ANAGER VIA ELECTRONIC EMAIL OR PHONE CALLS AND
s !NNUAL REPORTS
As recommended by the Code, all resolutions at general meetings are voted by poll.
ADDITIONAL INFORMATION
DEALINGS IN LMIR TRUST UNITS
4HE "OARD HAS ADOPTED A CODE OF CONDUCT TO PROVIDE GUIDANCE TO ITS DIRECTORS OR OFlCERS DEALING IN ,-)2 4RUST S UNITS h5NITSv
! $IRECTOR IS REQUIRED TO GIVE NOTICE TO THE -ANAGER OF HIS HER ACQUISITION OF 5NITS OR CHANGES IN THE NUMBER OF 5NITS HE SHE
HOLDS OR IN WHICH HE SHE HAS AN INTEREST WITHIN TWO BUSINESS DAYS AFTER SUCH ACQUISITION OR OCCURRENCE
)N GENERAL THE -ANAGER S POLICY PERMITS DIRECTORS AND EMPLOYEES OF THE -ANAGER TO HOLD 5NITS BUT PROHIBITS THEM FROM
DEALING IN SUCH 5NITS
1.
during the period commencing one month before the public announcement of LMIR Trust’s full year results and
(where applicable) property valuation and two weeks before the public announcement of LMIR Trust’s quarterly results
AND ENDING ON THE DATE OF ANNOUNCEMENT OF THE RELEVANT RESULTS OR AS THE CASE MAY BE PROPERTY VALUATION AND
2.
on short term considerations or at any time whilst in possession of price sensitive information.
4HE $IRECTORS AND EMPLOYEES OF THE -ANAGER ARE EXPECTED TO OBSERVE INSIDER TRADING RULES AT ALL TIMES
)N ADDITION AS PART OF ITS UNDERTAKING TO THE -!3 THE -ANAGER HAS UNDERTAKEN THAT IT WILL NOT DEAL IN THE 5NITS DURING
the period commencing one month before the public announcement of LMIR Trust’s full year results and where applicable,
property valuation, and two weeks before the public announcement of LMIR Trust’s quarterly results and ending on the date
of announcement of the relevant results or, as the case may be, property valuation.
48
LIPPO MALLS INDONESIA RETAIL TRUST ANNUAL REPORT 2014
