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of <h1>REIT Managers Must Have 6+ Directors, Including 1 Woman Independent, with Strict Governance Compliance Rules</h1> The regulation establishes governance requirements for REIT managers, mandating a board of at least six directors including one woman independent director. It specifies quorum rules for board meetings, requiring one-third of total directors or three directors, with at least one independent director. The board must review quarterly compliance reports, receive specified minimum information, and obtain compliance certificates from key officers. Directors must provide clear recommendations to unitholders for specific matters.
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