Corporate Directory

Manager

Frasers Commercial Asset Management Ltd.

438 Alexandra Road
#21-00 Alexandra Point
Singapore 119958
Phone: +65 6276 4882
Fax: +65 6276 8942
Email: fcot@frasersproperty.com
Website: www.frasersproperty.com/reits/fcot

Directors of the manager

Mr Bobby Chin Yoke Choong

Chairman
Independent Non-Executive Director

Mr Chang Tou Chen

Independent Non-Executive Director

Mr Chay Wai Chuen

Independent Non-Executive Director

Mr Chia Khong Shoong

Non-Executive Director

Mr Low Chee Wah

Non-Executive Director

Mr Christopher Tang Kok Kai

Non-Executive Director

Audit, risk and compliance committee

Name Position
Mr Chay Wai Chuen Chairman
Mr Bobby Chin Yoke Choong Member
Mr Chang Tou Chen Member

Nominating and remuneration committee

Name Position
Mr Chang Tou Chen Chairman
Mr Bobby Chin Yoke Choong Member
Mr Chay Wai Chuen Member
Mr Christopher Tang Kok Kai Member

Company secretary

Name
Ms Catherine Yeo

SGX short trading name

Frasers Comm Tr

Trustee

British and Malayan Trustees Limited

1 Coleman Street #08-01
The Adelphi Singapore 179803
Phone: +65 6535 4922
Fax: +65 6535 1258

Bankers

Australia and New Zealand Banking Group Limited
BNP Paribas Singapore Branch
Commonwealth Bank of Australia, Singapore Branch
DBS Bank Limited
Malayan Banking Berhad
Oversea-Chinese Banking Corporation Limited
The Bank of East Asia, Singapore Branch

Auditor

KPMG LLP

16 Raffles Quay #22-00
Hong Leong Building
Singapore 048581
Phone: +65 6213 3388
Fax: +65 6225 0984
Partner-in-charge: Karen Lee Shu Pei
Appointed: 20 January 2016

Corporate governance

Frasers Commercial Asset Management Ltd. (the “Manager”), as manager of Frasers Commercial Trust (“FCOT”), is committed to high standards of corporate governance in the business and operations of the Manager, FCOT and their respective subsidiaries so as to protect the interest of, and enhance the value of Unitholders’ investments in, FCOT.

FCOT is a real estate investment trust (“REIT”) listed on the Main Board of the Singapore Exchange Securities Trading Limited (the “SGX-ST”) and the Manager is a wholly-owned subsidiary of Frasers Centrepoint Limited (“FCL”).

The Manager’s commitment to high standards of corporate governance is spearheaded by a highly-qualified Board of Directors of the Manager (the “Board”), and supported by experienced and a qualified Management team (the “Management”).

The Manager has general powers of management over the assets of FCOT. The Manager’s key responsibility is to manage FCOT’s assets and liabilities for the benefit of Unitholders with a focus to deliver a stable and sustainable distribution to Unitholders and where appropriate, enhance the values of existing properties and increase the property portfolio over time.


The other functions and responsibilities of the Manager include preparing annual asset plans and undertaking regular individual asset performance analysis and market research analysis, managing finance functions relating to FCOT (which includes capital management, treasury, co-ordination and preparation of consolidated budgets) and supervising property managers who perform the day-to-day property management functions for FCOT’s properties, namely (i) China Square Central, 55 Market Street and Alexandra Technopark in Singapore and (ii) Central Park, Caroline Chisholm Centre and 357 Collins Street in Australia.


The Manager holds a Capital Markets Services Licence (“CMS Licence”) issued by the Monetary Authority of Singapore (“MAS”) to carry out REIT management activities as required under the licensing regime for REIT managers that came into effect on 1 August 2008.

The Manager ensures that the business of FCOT is carried on and conducted in a proper and efficient manner adhering to the principles and guidelines of the Code of Corporate Governance 2012 (the “CG Code”) and other applicable laws and regulations, including the listing rules of SGX-ST, the Code on Collective Investment Schemes (the “Code on CIS”) and the Securities and Futures Act (the “SFA ”).

This corporate governance report (“CG Report”) provides an insight on the Manager’s corporate governance framework and practices in compliance with the principles and guidelines of the CG Code. As FCOT is a listed REIT, not all principles of the CG Code may be applicable to FCOT and the Manager. Any deviations from the CG Code are explained.

Whistle-Blowing Policy

FCOT's corporate governance reports

You can download FCOT's Corporate Governance Reports from the links below:

FY2017

22 Dec 2017 | PDF (143 KB)

FY2016

23 Nov 2016 | PDF (80 KB)

FY2015

23 Nov 2015 | PDF (103 KB)

FY2014

23 Nov 2014 | PDF (316 KB)

FY2013

23 Nov 2013 | PDF (462 KB)

FY2012

23 Dec 2012 | PDF (155 KB)

FY2011

23 Nov 2011 | PDF (294 KB)

FY2010

23 Nov 2010 | PDF (113 KB)

FY2009

23 Nov 2009 | PDF (325 KB)

FY2008

23 Nov 2008 | PDF (490 KB)

FY2007

23 Nov 2007 | PDF (82 KB)

FY2006

22 Dec 2006 | PDF (426 KB)

Sustainability report

We are pleased to present our third Sustainability Report. FCOT’s sustainability strategies and objectives are aligned with that of FCL. Our cohesive approach to sustainability as a group is demonstrated by our position as one of the first real estate players in Singapore to report on sustainability at both the sponsor and REITs levels. The FCL group’s beliefs and values are based on a unifying idea which applies to its employees, products and services. The credo ‘Experience Matters’ centers on the ‘experience’ of the customers and the employees of Frasers.

We believe our customers' experience matters

As a landlord, we are committed to providing a safe and conducive work space for our tenants and incorporating sustainability features in our properties where possible to enhance the overall experience of our tenants, while reducing our environment footprint at the same time. At Alexandra Technopark, the on-going revamp to create a campus environment accentuating on lifestyle and wellness amenities is expected to elevate the tenants’ experience. Likewise, the repositioning of the retail podium of 18 Cross Street, China Square Central is expected to create an exciting shopper and dining experience for both tenants and visitors.

We believe our experience matters

We celebrate the diversity of our employees and we believe in creating and maintaining a progressive, inclusive and sustainable workforce. In FY2017, the employees of the Manager received an average of 59.8 hours of training per employee, 49.5% above the target of 40.0 hours of training per employee. In FY2017, flexible working arrangements were introduced where employees may opt to work from home or work based on flexible working hours to encourage work-life balance as part of the employees’ overall well-being. These allow the employees, especially care takers with children or elderly parents, to balance their work and responsibilities at home.

We are pleased to report that we have continued to make progress across various fronts on our sustainability performance. All our properties in Singapore are expected to reap benefits going forward as the environment management systems of the properties have received ISO 50001:2011 certifications this year. We are pleased to report that the majority of our sustainability performance data achieved a year-on-year improvement, including reductions in energy and waste intensities. We are also pleased to have maintained zero loss time injuries and zero incidents of safety-related non-compliance for the properties.

Through all these efforts, we seek to create and add value to the Trust and Unitholders. In FY2017, FCOT delivered the highest distributable income of S$78.6 million since FCOT’s listing in 2006 and also 1.3% above that of FY2016. We hope that this Sustainability Report provides to you a good summary of our progress to-date and our plans for the future.


We welcome your feedback and suggestions

We welcome your feedback as we seek to continuously improve our sustainability performance. Feedback on this report can be directed to fcot@frasersproperty.com.

FCOT's sustainability reports

You can download FCOT's Sustainability Reports from the links below:

FY2017 Sustainability Report

22 Dec 2017 | PDF 3412 kb

FY2016 Sustainability Report

20 Dec 2016 | PDF 2267 kb

FY2015 Sustainability Report

16 Dec 2015 | PDF 1042 kb

Credit rating

Rating Agency Ratings Outlook Credit Analyst's Contact
Moody’s Investor Service Baa2 Negative Jacintha Poh
Contact: (65) 6398 8300

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