Committees

To find out more about our Committees, please select from the list below.

Audit Committee

The Audit Committee is responsible for monitoring Dream Global REIT’s systems and procedures for financial reporting and internal controls and the performance of Dream Global REIT’s external auditors. It is responsible for reviewing certain public disclosure documents prior to their approval by the full Board and release to the public including, among others, Dream Global REIT’s quarterly and annual financial statements and management’s discussion and analysis. The Audit Committee is also responsible for recommending to the Board the firm of chartered professional accountants to be nominated for appointment as the external auditor, and for approving the assignment of any non-audit work to be performed by the external auditor. The Audit Committee meets regularly in private session with Dream Global REIT’s external auditors and internal audit function, without management present, to discuss and review specific issues as appropriate.

 

The full responsibilities of the Audit Committee are set out in a written charter, which is reviewed annually by the Board. The charter is available for review under the Charters & Policies section.

 

Applicable law and the Declaration of Trust requires the Board to have an Audit Committee consisting of at least three Trustees, each of whom must be independent and “financially literate” within the meaning of NI 52–110. The Committee currently consists of three Trustees:

 

Audit Committee members: Dr. Sacha Bhatia, Detlef Bierbaum and John Sullivan (Chair).

 

Governance, Compensation and Environmental Committee

The Governance, Compensation and Environmental Committee, in consultation with the Chair of the Board, is responsible to:

  • assess from time to time the size and composition of the Board and its committees;
  • review the effectiveness of the Board’s operations and its relations with management;
  • assess the performance of the Board, its committees and individual Trustees;
  • review Dream Global REIT’s statement of corporate governance practices;
  • review and make recommendations to the Board with respect to the compensation of Trustees and any officers of Dream Global REIT who are not employed by Dream Global REIT’s external asset manager.

 

The Committee is also responsible for reviewing and making recommendations to the Board with respect to the compensation of Trustees and any officers of Dream Global REIT.

 

The full responsibilities of the Governance, Compensation and Environmental Committee are set out in a written charter, which is reviewed annually by the Board. The charter is available for review under the Charters & Policies section. The Committee currently consists of three Trustees:

Governance, Compensation and Environmental Committee members: Detlef Bierbaum, Dr. Sacha Bhatia (Chair) and Dr. Christian Schede.

 

Executive Committee

The Executive Committee meets on an “as needed” basis and has the authority to exercise all of the powers and discretions in the management and direction of Dream Global REIT’s activities delegated to it by the Board of Trustees in accordance with the Declaration of Trust, Board and committee mandates and applicable law. The Committee is responsible to:

  • approve or reject proposed investments by Dream Global REIT;
  • approve the assumption or granting of any mortgage of up to $50 million;
  • approve the entering into of currency and interest rate derivative contracts for hedging purposes;
  • develop the strategy, risk management and staffing requirements for review and approval by the Board of Trustees; and
  • approve the assumption or incurrence of any debt obligations by Dream Global REIT of up to $50 million.

 

The full responsibilities of the Executive Committee are set out in a written charter, which is reviewed annually by the Board. The charter is available for review under the Charters & Policies section. The Committee currently consists of threeTrustees:

 

Executive Committee members: Detlef Bierbaum, Michael Cooper (Chair) and Jane Gavan.

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