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Corporate Governance

Board of Directors

The Board of Directors currently comprises the Chairman, Geoff Miller, who is a non-executive Director, two Executive Directors, Ioannis Papalekas and Dimitris Raptis, and ten other non-executive Directors: Eli Alroy, John Whittle, Akbar Rafiq, Alexis Atteslis, Andreea Petreanu, Norbert Sasse, Peter Fechter, George Muchanya, Richard van Vliet and Bruce Buck. Details on the Current Directors’ experience can be found in the related section of the Company’s website by following this link.

Committees of the Board

The committees of the Board comprise the audit committee, the remuneration committee and the investment committee.

Audit committee

The audit committee comprises three independent non-executive Directors. The audit committee is chaired by John Whittle and the other members are Richard van Vliet and Andreea Petreanu. Details of the audit committee’s formal duties and responsibilities are set out in its terms of reference, which are attached below.

Terms of Reference of Audit Committee

Remuneration committee

The remuneration committee comprises three independent non-executive Directors. The remuneration committee is chaired by Geoff Miller and the other members are Peter Fechter and Eli Alroy. Details of the remuneration committee’s formal duties and responsibilities are set out in its terms of reference, which are attached below.

Terms of Reference of Remuneration Committee

Investment committee

The investment committee comprises five Directors. It is chaired by Eli Alroy (independent non-executive Director) and the other members are Norbert Sasse and George Muchanya (as Growthpoint’s nominee non-executive Directors), Ioannis Papalekas and Dimitris Raptis (Executive Directors). Details of the investment committee’s formal duties and responsibilities are set out in its terms of reference, which are attached below.

Terms of Reference of Investment Committee

Role of the Board

Our Board of Directors sets the direction for the Company.

The Board is committed to high standards of corporate governance and has put in place a framework for corporate governance which it believes is appropriate considering its type of activities and size.

In doing this, we strive to balance the views of our shareholders as well as our customers, employees, partners and communities, helping us to meet the expectations of all of these groups.

All Directors are encouraged to challenge and to bring independent judgement to bear on all matters, both strategic and operational.

Read more in the corporate governance section of the annual report.

Read our Corporate Governance Statement of Compliance with the UK Corporate Governance Code.

Takeover Code 

In addition, the Company is subject to the UK City Code on Takeovers and Mergers.

This section was last updated on 21 September 2018.