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RISK
MANAGEMENT
It is a-iTrust’s policy that the a-iTrust Group (“Group”) will implement a consistent risk management
approach and methodology across its entities, recognising that risk management is integral and
essential to achieving the Trust’s strategic goals and business outcomes.
The Group has minimal direct employees. Ascendas Property Fund Trustee Pte Ltd and Ascendas
Services (India) Private Limited act as the Trustee-Manager and Property Manager respectively.
Hence the risk management processes and practices will be executed by the two entities and such
other parties providing services to the Group, for or on behalf of the Group.
The Group accepts, as an organisational philosophy, that:
• Management of risk is critical to the governance and forms part of management’s responsibilities
at all levels within the Group (Board, senior management and, ultimately, all staff);
• Guidance for discharge of these responsibilities will be provided via key strategic and operational
risk management principles applicable throughout the Group; and
• External assistance may be engaged periodically to independently verify implementation of this
policy and key risk management principles.
Enterprisewide riskmanagement process has been put in place to ensure potential risks are identifed
and key controls to mitigate these risks are established and implemented. This is continuously
assessed,monitoredandreviewedinlightofchangingcircumstancesandregulatoryrequirementsand
re-aligned as required.