ARC Committee definition
Examples of ARC Committee in a sentence
The REIT Manager ARC Committee reviews the internal audit reports to ascertain that internal procedures and the relevant provisions of the Listing Manual and the Code on CIS are complied with by Management in its dealings on IPTs. The REIT Trustee, in its capacity as trustee of FH-REIT, has the right to review any such relevant internal audit reports to ascertain that the requirements under the Code on CIS have been complied with.
Periodic updates were also provided to the Trustee-Manager ARC Committee with respect to FH-BT and the Trustee-Manager’s risk profile.
The review includes the examination of the nature of the IPTs and its supporting documents or such other data deemed necessary by the REIT Manager ARC Committee.
During FY2018, periodic updates were provided to the REIT Manager ARC Committee on FH-REIT’s and the REIT Manager’s risk profile.
The REIT Manager ARC Committee and the Trustee-Manager ARC Committee, through the assistance of internal and external auditors, reviews and reports to the Boards on the adequacy and effectiveness of the Managers’ system of controls, including financial (eg.
The REIT Manager ARC Committee and the Trustee-Manager ARC Committee review and report to the REIT Manager Board and Trustee-Manager Board respectively on the adequacy and effectiveness of such controls, including financial, compliance, operational and information technology controls, and risk management procedures and systems, taking into consideration the recommendations of both internal and external auditors.
All IPTs in relation to FH-REIT are undertaken on normal commercial terms and the REIT Manager Board, with the assistance of the REIT Manager ARC Committee, ensures that such IPTs are not prejudicial to the interests of FH-REIT and the minority Stapled Securityholders.