Investor Presentaiton
ESG Initiatives: Governance
Global Best Practice Governance
Ichigo
ESG
8
Governance
Asset Management Company (AMC)
No Fixed Fee,
Performance Fee-
Only Structure
✓ Shifted to performance-
linked fee structure on
November 1, 2020 to
fully align with value
creation for
shareholders
✓ Pro-active, dynamic
management of Ichigo.
Office assets on behalf
of shareholders
✓ Reduced NOI &
Dividend Performance
Fee based on EGM
Best Practice Governance
REIT
✓ Monitors Asset Management Company
.
•
•
All Ichigo Office Directors are Independent
Directors
Active dialogue and effective internal controls
via Board discussions led by REIT Executive
Director
Draw upon expertise of REIT Supervisory
Directors (qualified lawyers & accountants)
•
approval on June 23,
2023.
一期一会|
•
Best Practice Asset Management Structure
Half of AMC Directors (2 of 4) are Independent
Directors
Independent asset management team & best
practice execution on behalf of Ichigo Office
REIT within AMC
Compliance and Audit are directly under the
AMC President to monitor and review critical
compliance matters
Ensure objectivity by including third-party,
independent experts in the Investment and Risk
& Compliance Committees
Only 3 J-REITS (out of 58), including Ichigo Office (8975) and Ichigo Hotel (3463),
have both an Asset Management Company (AMC) board that has half or majority of Independent
Directors and whose AMC President does NOT serve as the Executive Director of the REIT
Independence of The Investment Corporation From AMC
26 of 58 J-REITS have AMC Presidents serving as
Executive Director of the REIT
All Ichigo Office Directors are Independent
Independent Directors at AMC
Only 4 Asset Management Companies have any
Independent Directors
2 of 4 Ichigo Investment Advisors' Directors
are Independent
*Based on research as of November 30, 2023
ICHIGO
Ichigo Investment Advisors Co., Ltd. Ichigo Office REIT Investment Corporation All rights reserved.
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