NTT DC REIT Manager Faces Governance Gaps After Lead Independent Director Resigns

NTT DC REIT ( (SG:NTDU) ) just unveiled an announcement.

NTT DC REIT Manager Pte. Ltd., the manager of Singapore-listed NTT DC REIT, announced that Lead Independent Non-Executive Director Tan Ser Ping will resign on 27 July 2026, stepping down as Chairman of the Nominating and Remuneration Committee and as a member of the Audit and Risk Committee. Following his departure, the Board will consist of four directors, with committee roles redistributed among Shuichi Sasakura, Eng Chin Chin, Sandip Talukdar, and Douglas Stuart Adams.

The resignation will leave the Board and its committees temporarily out of compliance with several Singapore Exchange listing rules and the 2018 Code of Corporate Governance, including minimum audit committee size, independent director majority, and the requirement for a Lead Independent Director. The manager has committed to filling the resulting vacancies within regulatory timelines, signaling an interim governance gap that investors and regulators will watch as the REIT moves to restore full compliance.

More about NTT DC REIT

NTT DC REIT is a Singapore-based real estate investment trust focused on owning and managing data center properties. It is managed by NTT DC REIT Manager Pte. Ltd., operating within Singapore’s listed REIT market and subject to the Singapore Exchange’s listing and corporate governance requirements.

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