Investor Relations

​​Morguard REIT's Declaration of Trust governs our operations and includes such topics as investment guidelines and operating policies, financing restrictions, units and distributions, and the responsibilities and obligations of the Trustees.

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​Morguard REIT is committed to the highest standards of corporate governance and the Board of Trustees believes that sound governance practices are essential to the wellbeing of the trust and its Unitholders. The Board and committees review and update these practices regularly, execute our annual strategic plan, identify risks and opportunities and ensure that we meet our fiduciary duties.

​The primary responsibility of the Board of Trustees is to foster the long-term success of the Trust consistent with the Board's responsibility of the Unitholders to maximize value. The Board facilitates its exercising of independent supervision of the Trust's management through frequent meetings, both with and without members of the Trust's management (including management that are also Trustees) being in attendance.

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​Morguard REIT has three Board committees: Audit; Compensation & Governance; Investment.

Audit Committee
The Audit Committee assists the Board of Trustees in fulfilling its oversight responsibilities for financial matters, insurance, enterprise risk management and environmental management programs. The Audit Committee reviews the financial statements, the adequacy of the system of internal control, the financial reporting process and management of financial risks, the nature and scope of the audit process as proposed by the auditors and the Trust's disclosure controls and procedures.

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Human Resources & Governance Committee
The purpose of the Human Resources and Governance Committee is to provide a focus on governance that will enhance the Trust's performance and to assist the Board in fulfilling their obligations relating to human resources and compensation, and to establish a plan of continuity and development for the Trust.

The Human Resources and Governance Committee is responsible for developing the Trust's approach to matters of governance, reviewing the mandates of the Trustees and its committees and administering the Trust's long term incentive plans. It also reviews and makes recommendations to the Trustees relating to the appointment of Trustees and the compensation of the Trustees, officers and employees of the Trust. The Human Resources and Governance Committee will report to the Trustees, at least annually, on these matters and other reports in accordance with the compensation disclosure rules prescribed by applicable legislation.​

Each of the Human Resources and Governance Committee members has direct experience relevant to their responsibilities in overseeing the executive compensation program. With collective professional experience in areas including accounting, business, human resources, compensation, finance, strategy and risk management, the Committee members have the requisite knowledge and expertise to make informed decisions on compensation matters.

Investment Committee
The duties of the Investment Committee are to review all proposals regarding investments, dispositions and borrowings of the Trust and to make recommendations in connection therewith to the Trustees. The Investment Committee is entitled to authorize proposed transactions and approve acquisitions, dispositions or borrowings on behalf of the Trust where the acquisition, disposition or borrowing, as the case may be, would not be in or for an amount which exceeds $25.0 million. The committee also generally assumes responsibility for establishing and reviewing investment guidelines and for overseeing the environmental management program of the Trust.

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​​​​¹ Independent Trustee
² Audit Committee
³ Human Resources and Governance Committee

Please click here for bios of the Trustees.

Please click here for the Terms of Reference of the Chair of the Board of Trustees.

​Morguard REIT is committed to a policy of full, true and plain public disclosure of all material information in a timely manner, in order to keep Unitholders and all members of the investing public equally informed about the REIT's operations.

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​​The Code of Business Conduct of Morguard REIT requires directors, trustees, officers and employees to observe high standards of business and personal ethics in the conduct of their duties and responsibilities. As employees and representatives of Morguard REIT, we must practice honesty and integrity in fulfilling our obligations and comply with laws and regulations and report violations or suspected violations in accordance with Morguard REIT’s Whistleblower Policy. This policy ensures that no director, trustee, officer, or employee who, in good faith, reports a violation of the Code shall suffer harassment, retaliation, or adverse employment consequence.

Confidential complaints can be made to:

Beverley G. Flynn
Senior Vice President, General Counsel & Secretary
55 City Centre Drive, Suite 1000, Mississauga ON L5B 1M3
E bflynn@morguard.com

Or, to the Audit Committee Chair, Morguard Corporation
55 City Centre Drive, Suite 1000, Mississauga ON L5B 1M3

​The board of trustees of Morguard Real Estate Investment Trust believes that each of its members should have the confidence and support of the Trust’s unitholders. To this end, the members of the Board have unanimously adopted this statement of policy which applies to all current and future Trustees of the REIT.

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