Corporate
Governance Report
IREIT Global (“IREIT”) is a trust constituted by a deed of trust
(as amended, the “Trust Deed”) entered into between IREIT
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believes that it has good corporate governance in place as
there is proper oversight, good communication, a focus on
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governance policies and industry best practices to protect
IREIT’s assets and the interests of IREIT’s Unitholders
(“Unitholders”) while enhancing and delivering value to
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applicable requirements, laws and regulations are duly
complied with, which include, but are not limited to, the
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and the Trust Deed.
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investments and liabilities as well as carrying out strategic
expansion plans for the benefit of Unitholders. The
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pages 35 to 38. The property manager’s performance is
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the objectives pursuant to the property management
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same regulated activities on its behalf.
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BOARD MATTERS
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Principle 1: An effective Board to lead and control the
Manager
The Board is collectively responsible for the long term
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achievement of this objective.
The Board is responsible for the overall corporate governance
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stewardship responsibility of the Board is to ensure that
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which include protecting IREIT’s assets and Unitholders’
interests and enhancing the value of Unitholders’
investment in IREIT.
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leadership and demonstrates the highest quality of
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The Board oversees a system of internal controls and
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which govern matters reserved for the Board’s decision
and approval including approval limits for investments and
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The Board meets at least once every quarter and as and
when its involvement is required, as deemed appropriate
and necessary by the Board. The meetings are to review
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acquisitions and divestments, funding and hedging
activities, approval of the annual budget and review of the
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permits Board meetings to be held also by way of telephone
conferences or by means of similar communication
equipment by which all persons participating in the meeting
are able to hear and be heard by all other participants.
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IREIT Global
ANNUAL REPORT 2015
41
