CHAIRMAN AND CEO
There is a balance of power and authority between the Chairman and the CEO with a clear division of responsibility between the running of the Board and the business of the Company and Sunway REIT respectively. The positions of Chairman (ie. Non-Executive Chairman) and CEO are separated and clearly defined.
|4.1.1||The Chairman is responsible for the leadership of the Board in ensuring the effectiveness of all aspects of its role.
The Chairman is responsible for:
|4.1.2||The Chairman will act as facilitator at board meetings to ensure that no Board member, whether executive or non-executive, dominates discussion, that appropriate discussion takes place and that relevant opinion among Board members is forthcoming.|
|4.1.3||Questions arising at any board meeting shall be decided by a majority of votes. In the case of an equality of votes, the Chairman shall have a second or casting vote, except that where two (2) Directors form a quorum and only two (2) Directors are present, or where there are only two (2) Directors who are competent to vote on the question at issue, the Chairman shall not have a casting vote.|
|4.2.1||The CEO is the conduit between the Board and the Management in ensuring the success of the governance and management functions of the Company and Sunway REIT.|
|4.2.2||The CEO, with the support of the Management team, has the executive responsibility for the day-to-day management of business and operation of the Company and Sunway REIT, and the execution of the policies, directives and strategies as approved by the Board and of all operational decisions in managing the Company and Sunway REIT.|
|4.2.3||All Board authorities conferred on the Management is delegated through the CEO and this will be considered as the CEO’s authority and accountability as far as the Board is concerned.|