Corporate Governance Code Applied
Globalworth Real Estate Investments Limited (the “Company”) complies voluntarily with the main principles of good governance set out in the UK Corporate Governance Code (the “UK Code”).
The Board currently comprises the Chairman, Geoff Miller, who is a non-executive Director, two Executive Directors, Ioannis Papalekas and Dimitris Raptis, and seven other non-executive Directors, Eli Alroy, John Whittle, Akbar Rafiq, Alexis Atteslis, Andreea Petreanu, Norbert Sasse, Peter Fechter, George Muchanya and Richard van Vliet. 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.
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
The remuneration committee comprises three non-executive Directors, two of whom are independent. The remuneration committee is chaired by Geoff Miller (independent) and the other members are Peter Fechter and Eli Alroy (independent). 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
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
Further details on how the Company complies with the UK Code are published annually in its Annual Report. The latest such report is contained within the Annual Report for the year ended 31 December 2016, which can be viewed here.
Takeover Code Applied
In addition, the Company is subject to the UK City Code on Takeovers and Mergers.
This section was last updated on 26 May 2017.