Stewardship responsibilities require significant InvIT unitholders to adopt policies on conflicts, monitoring, intervention and voting. Unitholders holding not less than ten percent of an InvIT's outstanding units must act in the best interests of the InvIT and its unitholders, formulate and periodically update a comprehensive stewardship policy, maintain a conflict of interest policy, periodically monitor the InvIT and its HoldCo(s) and SPV(s), and have policies on intervention and voting.
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Provisions expressly mentioned in the judgment/order text.
Stewardship responsibilities require significant InvIT unitholders to adopt policies on conflicts, monitoring, intervention and voting.
Unitholders holding not less than ten percent of an InvIT's outstanding units must act in the best interests of the InvIT and its unitholders, formulate and periodically update a comprehensive stewardship policy, maintain a conflict of interest policy, periodically monitor the InvIT and its HoldCo(s) and SPV(s), and have policies on intervention and voting.
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