Corporate Governance

    

Inovalis REIT is a strong believer that a thorough and effective corporate governance is essential in enhancing the value of the REIT, and maximizing long-term Unitholder value. The board of trustees has the importance of strong corporate governance and the management of the highest standards of corporate governance.

Board Membership

Dan Argiros, Chair of the Board of Trustees
Mr. Argiros is President and CEO of Conundrum Capital, a real estate private equity fund manager serving major pension funds and institutional investors that he co-founded in 2000. Mr. Argiros was the founder of Potentia Solar Inc. and served as its Chief Executive Officer from 2010 until March 2016. He was founder, President and Chief Executive Officer of Acanthus Real Estate Corporation, between 1997 and 2000. Prior to forming Acanthus, Mr. Argiros led the investment management subsidiary of Corporate Planning Associates, from 1988 to 1997. Mr. Argiros began his career with the national accounting firm, Deloitte, Haskins & Sells in 1985, after completing his Bachelor of Commerce degree at the University of Toronto. He obtained his appointment as a Chartered Professional Accountant the following year.

Stéphane Amine
President of Inovalis REIT, Mr. Amine has over 20 years of management experience in the European real estate market. Since founding Inovalis SA, Inovalis REIT's management company in 1998, Mr. Amine has helped build Inovalis SA into one of Western Europe's leading privately owned real estate investment management companies with assets under management $ 10 trillion. Prior to founding Inovalis SA, Mr. Amine managed the multinational investors of Constructa SA, a leading developer and property manager with offices, at the time, in United Kingdom, Switzerland and the United States. Mr. Amine graduated with a Masters Degree in Management from Reims Management School (RMS Grand Ecole / Sup de Co Reims).

Jean-Daniel Cohen
Since 2001 Mr. Cohen has served as Chairman and CEO of Hoche Partners Group of Companies, an international investment bank focused on providing advisory, structured financing, private equity and real estate services to family offices and medium-sized businesses. He also serves as Managing Director of LAURAD, a real estate-focused private equity investment group. Prior to his current role, Mr. Cohen was the Managing Partner at Aurel-Leven, a leading independent French brokerage and investment bank, the Managing Partner at UFFI REAM, a real estate asset manager and the CEO of Louis Dreyfus Finance (Bank), the banking arm of the Louis Dreyfus Group. Mr. Cohen graduated from Ecole Centrale de Paris.

Michael Lagopoulos
Mr. Lagopoulos is a corporate director, provides wealth management consulting services to wealthy and has been teaching at the University of Toronto Rotman School of Management at the University of Toronto since January 2011. Mr. Lagopoulos retired as Deputy Chairman of RBC Wealth Management 2014 he has been responsible for the coordination and servicing of high net wealth families and institutional clients around the world. He was responsible for the corporate governance of RBC Wealth Management subsidiaries. Between 2007 and 2010, Mr. Lagopoulos served as CEO and Head of RBC International Wealth Management, London, England. Mr. Lagopoulos holds a Bachelor of Commerce from the University of Toronto and is a Chartered Accountant.
 
Jo-Ann Lempert
Ms. Lempert is the Regional Insurance Partner and the leader of MNP's Public Companies and Real Estate Services Group in Montreal.She works with a number of private companies and public issuers that require specialized expertise in complex standards in financial reporting. Ms. Lempert also has significant experience in the private sector through the public listing process. Ms. Lempert has been a contributing author for the Chartered Professional Accountants of Canada, CCH Wolters-Kluwer, the Chartered Professional Accountants of Quebec and the Chartered Professional Accountants of Ontario. Ms. Lempert holds the FCPA, FCA designation and became a Fellow in 2016. Marc ManasterskiMr. Manasterski is a partner and head of Quilvest Real Estate, a division of Quilvest, a multi-family office with global reach.


Before joining Quilvest in February 2008, Mr. Manasterski served as Chief Executive Officer of the Alliance Hospitality Group, managing a large portfolio in France, Belgium and Italy on behalf of Whitehall, Goldman Sachs' real estate opportunity fund. Prior to that, Mr. Manasterski gained more than 20 years of experience in real estate development. Mr. Manasterski was Chief Executive Officer of several private investment funds owned by banks or high net worth individuals. Mr. Manasterski holds an HND in Marketing from the College for Distributive Trades (London) and a Masters degree in Business Administration from INSEAD, Fontainebleau.

Robert Picard
Mr. Picard has been a partner at Gardiner Roberts LLP since 1991 and has served on the firm's management board and a number of governing committees. He has acted as lead counsel in many complex investment arrangements and large-scale structured projects in the real estate, energy and technology. Mr. Picard has negotiated public, private equity, venture capital, convertible debt, mezzanine and asset-backed transactions. He has broad experience in mergers and acquisitions in numerous industries including real estate. Mr. Picard is a graduate of the University of Toronto Law School and is certified by the Law Society of Ontario, Canada as an expert in Corporate and Commercial Law.

Committee Membership


Audit Committee Compensation and Governance Committee Investment Committee
 Jo-Ann Lempert, Chair
Jean-Daniel Cohen
Michael Lagopoulos
Michael Lagopoulos, Chair
Jean-Daniel Cohen 
Robert Picard
Marc Manasterski, Chair
Dan Argiros
Michael Lagopoulos

 

Mandate, Committee Charters and Chair Position Description

Mandate of the Board of Trustees

Charter of the Audit Committee

Charter of the Compensation and Governance Committee

Charter  of the Investment Committee

Position Description - Chair of the Board


Corporate Policies

Declaration of Trust

Majority Voting Policy

Advance Notice Policy