Environmental, Social and Corporate Governance

 

Governance-blue

Dream Global REIT is committed to sound and effective corporate governance. Our goal is to not only meet the requirements established by securities laws and regulators but also to uphold the spirit of “good corporate governance” and we always strive to communicate in an open, honest and transparent manner.

Board of Trustees

Our board of trustees is made up of highly experienced, dedicated and knowledgeable professionals who each have expertise in all key areas of Dream’s businesses. Our board currently consists of 6 members:

IndependentAudit CommitteeGovernance, Compensation & Environmental CommitteeExecutive Committee
Dr. R. Sacha BhatiaYMemberChair
Detlef BierbaumYMemberMemberMember
Michael J. CooperChair
P. Jane GavanMember
Dr. Christian SchedeYMember
John SullivanYChair
Dr. R. Sacha Bhatia
Detlef BierbaumChair
Michael J. Cooper
P. Jane Gavan
Dr. Christian Schede
John Sullivan
Dr. Sacha Bhatia is the FM Hill Chair in Health Systems Solutions and the founding Director of the Institute for Health System Solutions and Virtual Care (WIHV) at Women’s College Hospital, an innovation laboratory that develops and tests new ideas, new programs and new policy approaches in the world of ambulatory care, and then helps to scale them up across Ontario and beyond. Dr. Bhatia is also the Division director of cardiology at Women’s College Hospital and a staff cardiologist at University Health Network. In addition, Dr. Bhatia serves as Assistant Professor in the Department of Medicine at the University of Toronto and at the Institute for Health Policy Management and Evaluation and is an adjunct scientist at the Institute for Clinical Evaluative Sciences. Dr. Bhatia received his medical degree and MBA at McGill University and received his internal medicine and cardiology training in Toronto.  
Mr. Detlef Bierbaum is a corporate director with extensive experience in the banking and financial services industry. Prior to his retirement in March 2010, Mr. Bierbaum was a Member of the Supervisory Board with Bankhaus Sal. Oppenheim jr. & Cie and from 1991 to 2008, he held the position of Managing Partner with responsibility for asset management. In addition, from 2002 to 2008, he was also responsible for investment banking of Bankhaus Sal Oppenheim jr. & Cie. Prior to 1991, he was the Chief Financial Officer of the Nordstern Insurance Companies based in Cologne. He is a member of the Board of Directors of a number of companies in the asset management and banking sectors based in Germany, England, Luxembourg and the U.S. Mr. Bierbaum is a graduate of the Universities of Cologne and Munich where he studied commercial banking and business administration.
Mr. Michael J. Cooper is the President and Chief Responsible Officer of Dream, and founder of DAM, the asset manager of Dream Global REIT. He is also the Chair and Chief Executive Officer of Dream Office REIT. He has an extensive track record in the real estate industry dating back to 1986. He helped found DAM in 1996 and continues to lead the business as Chief Responsible Officer. Under his leadership, the business has grown to approximately $15 billion of commercial real estate, residential development and renewable energy infrastructure assets under management. Among his accomplishments, Mr. Cooper is responsible for the formation of three TSX-listed real estate investment trusts: Dream Office REIT, Dream Global REIT, and Dream Industrial REIT and the formation of Dream Alternatives, a TSX-listed mutual fund trust focused on hard asset alternative investments. He earned a Bachelor of Laws degree from the University of Western Ontario and a Master of Business Administration from York University. Mr. Cooper currently sits on the board of directors of Dream, Dream Alternatives Master GP, Dream Office REIT, Dream Global REIT, Dream Industrial REIT, and E-L Financial Corporation Limited.
Ms. Jane Gavan is the President and Chief Executive Officer of Dream Global REIT with more than 29 years of experience in the real estate industry. She is also President, Asset Management of Dream. Ms. Gavan previously served as Chief Executive Officer of Dream Office REIT. Since joining Dream in 1998, Ms. Gavan has played a key role in numerous transactions including the acquisition of Lehndorff Properties, the 2003 business restructuring that resulted in the creation of Dream Office REIT, Dream Office REIT’s $2.3 billion portfolio sale to GE Real Estate, and the initial public offering of Dream Global REIT. Prior to joining Dream, Ms. Gavan served as legal counsel for numerous companies including Oxford Properties Group, and Denison Mines Corp., and began her career in private law practice with Blake, Cassels & Graydon LLP, specializing in real estate and corporate finance. She earned an Honours Bachelor of Commerce degree from Carleton University and a Bachelor of Laws degree from Osgoode Hall, York University. Ms. Gavan currently sits on the board of directors of Dream Unlimited Corp., Dream Office REIT, Dream Global REIT, and the Women’s College Hospital Foundation, and is on the Patron's Council for Community Living Toronto.
Dr. Christian Schede is Managing Shareholder of Greenberg Traurig Germany and chairs the firm’s German Real Estate Sector Group. He focuses on M&A transactions and joint ventures in real estate, infrastructure and related financings as well as project developments. Christian's experience covers all real estate asset classes as well as infrastructure projects in the transportation, communication and energy sectors. He has wide-ranging experience advising on complex real estate transactions as well as development and infrastructure projects. Christian is recognized by several legal directories as a leading lawyer in his field and ranked among the Leading Senior Partners in the German real estate market (JUVE 2017 and 2018). He was awarded “Lawyer of the Year” for Real Estate Law by “Handelsblatt/Best Lawyers” several times, most recently in 2018. He frequently speaks at leading real estate industry events. Prior to Greenberg Traurig, Dr. Schede served as Managing Partner at Olswang Germany and was a partner in the Real Estate Group at Freshfields. He graduated from the Wuerzburg University Law Faculty and holds a Ph.D. from Wuerzburg University as well as an LL.M. from Georgetown University Law Center (Washington D.C.).
Mr. John Sullivan is the President and Chief Executive Officer of Cadillac Fairview Corporation Limited, one of North America's largest real estate companies. Prior to becoming Chief Executive Officer in January 2011, Mr. Sullivan held the position of Executive Vice President, Development. Prior to joining Cadillac Fairview, Mr. Sullivan held positions with Brookfield Properties Corporation and Marathon Realty Company Limited. He brings more than 31 years of experience in all aspects of commercial real estate, including acquisitions and dispositions, leasing, finance, asset management, and development. Mr. Sullivan holds a Bachelor of Civil Engineering degree from Concordia University, a Masters of Business Administration from McGill University and has completed the Advanced Management Program at Harvard University.

Read more about our Board of Trustees

Committees

Dream Global REIT’s Committees assist in the effective fun­c­tioning of the Board and help ensure that the views of Independent ­Trustees* are effectively represented.

 

The Board has established three committees:

  • Audit Committee;
  • Governance, Compensation and Environmental Committee; and
  • Executive Committee.

Independent Trustee

A Trustee that is independent within the meaning of NI 58–101. An Independent Trustee is one who is not an employee or executive officer of Dream Global REIT and who is free from any direct or indirect relationship which could, in the view of the Board, be reasonably expected to interfere with independent judgment.

Read more about our Committees

Charters, Policies and Declaration of Trust

Dream Global REIT is committed to sound and effective corporate governance. Our goal is to not only meet the requirements established by securities laws and regulators but to also uphold the spirit of ‘good corporate governance.’

Read more about our Charters, Policies & Declaration of Trust

Sustainability

Dream Global is part of a platform that believes sustainability isn’t an option, it’s a necessity. Therefore, it is our responsibility to work in a way that is sustainable for the environment, our employees, and our company.

When it comes to sustainability, we are focused on three areas:

Environment

Environment
We integrate waste management policies to our office buildings, and invest in renewable energy production.

Social

Social
We encourage employee engagement and well-being, and invest in the communities in which we live and work.

Governance

Governance
We conduct our business in an ethical manner and have a board committee that oversees the company’s good corporate governance.

 

We are pleased to present the latest sustainability information from our 2818 annual report here and our 2017 annual report here

Access our prior Corporate Sustainability Report. The report showcases our sustainability commitment to our stakeholders and highlights our aspiration to build better communities for people to work and live in.