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| Stock quotes : 21.82€ (2010/09/10 17:35:00) |
GOVERNANCE
The Chairman of the Board of CeGeREAL is an independent director who is not involved in operational management. As the leader of the Board of Directors, he protects the interests of the shareholders by ensuring compliance with the company’s governance policies and the transparency of the decision making processes.
The management team of the Company comprises tow members, one of whom originally from CRI, They alloy wide-ranging expertise in property asset management with in-depth knowledge of the Ile-de-France marketplace together with the background of the three CeGeREAL properties.
This team is headed by a Board of Directors, composed of key figures with recognised skills in property asset management, and is itself assisted by three committees.
As a commitment to transparency, the Board of Directors and its committees have adopted the standards of governance based on the recommendations of the Bouton report, published in 2002, which outlined guidelines for the improvement of management in quoted companies. Two of the five directors are independent within the meaning of the report. The same applies to at least two of the three members of each committee of the Board.
Double regulation by the financial authorities
Due to its REIT status and the control requirements that its principal shareholder Commerz Real is subject to, CeGeREAL is subject to regulation by both the AMF and its German equivalent the BaFin pursuant to the German legislation on property investment funds.
Corporate Governance reference code
Working groups of the French Association of Private Enterprises (AFEP) and the French Enterprise Movement (MEDEF) have drawn up a set of recommendations defining certain principles of proper operation and transparency intended to improve the management of listed companies and their image with investors and the public. CeGeREAL has adopted these recommendations as its reference code in application of the Law of 3 July 2008. More information available on www.code-afep-medef.com (in French)
Rules of Procedure of the Board of Directors (in French - 2,98 Mo)
