Upon pursuing higher unitholder value through utilization of the comprehensive strengths of the Kenedix Group, Kenedix Real Estate Fund Management, Inc. considers having an appropriate governance system to be crucial.
Approval Process with Proper Corporate Governance
Where deemed appropriate or in the case of a related-party transaction, the compliance officer submits proposals to the compliance committee for its review and approval to meet proper corporate governance.
(Note) Transactions concerning each REIT, for which the Act on Investment Trusts and Investment Corporations (the Investment Trusts Act) or the internal rules specify as requiring approval by the Board of Directors, must also be approved by the Board of Directors of the REIT (excluding transactions within the scope of insignificance criteria under the laws and regulations).
Rules Concerning Conflicts of Interest
Since Kenedix Real Estate Fund Management manages multiple REITs and private real estate investment funds, it has established a pipeline committee and adopted internal guidelines, in order to prevent the improper allocation of acquisition opportunities or the violation of the fiduciary duties it owes to the funds.