Stewardship responsibilities require major REIT unitholders to adopt policies on conflicts, monitoring, intervention and voting. Unitholders holding not less than ten percent of total outstanding REIT units must comply with a stewardship code requiring them to act in the best interests of the REIT and its unitholders, and to maintain a comprehensive, periodically reviewed policy covering stewardship discharge, conflict of interest management, periodic monitoring of the REIT and its HoldCo(s)/SPV(s), intervention, and voting.
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Provisions expressly mentioned in the judgment/order text.
Stewardship responsibilities require major REIT unitholders to adopt policies on conflicts, monitoring, intervention and voting.
Unitholders holding not less than ten percent of total outstanding REIT units must comply with a stewardship code requiring them to act in the best interests of the REIT and its unitholders, and to maintain a comprehensive, periodically reviewed policy covering stewardship discharge, conflict of interest management, periodic monitoring of the REIT and its HoldCo(s)/SPV(s), intervention, and voting.
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