More than one side to story over concerns of director independence

WE thank David Gerald for his recent op-ed "Quarz has a case for opposing appointment of director, but other objections not as clear-cut" (BT, Mar 18, 2022).

As the article rightly noted, and we agree, it is crucial for investors to consider all points of view as well as their own financial goals and situations in deciding how they would like to vote at the upcoming annual general meeting for Sabana Industrial Reit ("Sabana").

In that regard, on behalf of the board of Sabana, I would like to share more clarity to some of the points raised in relation to Chan Wai Kheong's appointment as an independent director of the Reit. Indeed, we are grateful that Gerald and his team at the Securities Investors Association (Singapore) (Sias) had agreed to meet with us this past week so we could provide them with the necessary clarification and assurance, which I shall elaborate on below.