structure A REIT is not a juristic person, but a pool of assets owned by a trustee. A trustee is entrusted with powers to oversee and administer assets of the trust in interests of the unitholders, who are
disclosure and decision-making in conflict of interest situations. For example, any party who has a vested interest in a particular transaction, should disclose that interest, and not be involved in the
board. The chairman’s duties should at least cover the following matters: (1) Oversee, monitor, and ensure that the board efficiently carries out its duties to achieve the company’s objectives. (2
under its responsibility Ensure that units offered for sale exclusively for high net worth investors are not allocated to retail investors Oversee to ensure that the trust is not becoming a private trust
. A trustee's main duties are to: oversee that the trust instrument is established in conformity with relevant laws; appoint a trust manager; prepare a trust property account in segregation from a
assignment [of such particular person]. If such person is ranked below “the first four executive succeeding the manager [and every person holding the position equivalent to the fourth rank]" in more than one
unitholders in a particular class requires a resolution with majority or special resolution of units in that class. (4) In the case that a unit class is without any unitholders, the mutual fund management
unitholders in a particular class requires a resolution with majority or special resolution of units in that class. (4) In the case that a unit class is without any unitholders, the mutual fund management
an independent director) Trustee's duties A trustee shall have a trustee license and is independent from a trust manager. A trustee's main duties are to: oversee that the trust instrument is
the Securities and Exchange Commission personal data any information that can be used to identify a natural person, both directly or indirectly, but shall not include, in particular, any information