Organization of the Investment Corporation
JEI shall have at least one Executive Director(s) and at least two Supervisory Directors (the number of Executive Directors plus one).
The current organization of JEI is comprised of the Unitholders' Meeting which consists of unitholders; one Executive Director and three Supervisory Directors; the Board of Directors which consists of the Executive Director and Supervisory Directors; and the Accounting Auditor. The elected Supervisory Directors of JEI are one attorney, one certified public accountant and one real estate appraiser; and each of the directors supervises execution of business operations by the Executive Director from the expert’s point of view.
Compensation for Directors
Compensation for Executive Directors and Supervisory Directors of JEI is specified in the Articles of Incorporation as below, and any change to such requires resolution by the General Meeting of Unitholders.
Fees for Accounting Auditor
Fees for Accounting Auditor of JEI is specified in the Articles of Incorporation as below, and any change to such requires resolution by the General Meeting of Unitholders.
Selection Criteria for Directors
Candidates for Directors are selected for the following reasons in addition to fulfilling conditions that the individual does not fall under any cause for disqualification defined in the Investment Trusts Act and does not have a special interest relationship with JEI. Directors of JEI are selected through resolution by the General Meeting of Unitholders.
|Title||Name||Reason for appointment||Attendance at Board of Directors meetings(FY2020)|
|Executive Director||Shuichiro Kayama||Management from the broad standpoint based on knowledge and experience in financial and real estate businesses, etc., can be expected.||100%
|Supervisory Director||Shunichi Maekawa||Supervision of management from the broad standpoint based on knowledge and experience as a real estate expert, etc., can be expected.||100%
|Supervisory Director||Eiji Takagi||Supervision of management from the broad standpoint based on knowledge and experience as an accounting expert, etc., can be expected.||100%
|Supervisory Director||Osamu Hirakawa||Supervision of management from the broad standpoint based on knowledge and experience as a legal expert, etc., can be expected.||100%
Prevention of Insider Transactions
JEI strives to prevent insider transactions or similar transactions by Directors, by establishing insider trading management rules.
Management Structure of JEI
Asset management of JEI is entrusted to an asset management company, Japan Excellent Asset Management Co., Ltd. The organizational structure of the asset management company is as follows.
Internal Audit Structure
Based on the "Internal Audit Regulations,” the asset management company conducts internal audits at least once per fiscal year with the Compliance Officer as a person responsible. The Compliance Officer reports the results of the audit to the Board of Directors. In the event that the Compliance Officer makes recommendations for improvement, the department which received such recommendation prepares an improvement plan and the status of improvement is reported by the Compliance Officer to the Board of Directors.