New governance index for Reits and trusts gives the big picture

Assoc Prof Mak Yuen Teen from the Dept of Accounting at NUS Business School and Mr Chew Yi Hong highlighted that one area that no real estate investment trusts or business trusts currently covers is putting the manager or trustee-manager up for appointment periodically to improve their accountability to unitholders. The authors believe that unitholders recognise the value of retaining an experience manager or trustee-manager and will not trivialise a decision to change even if they are able to.

• The Business Times, 30 June 2017, p6