Arno van Geet

Arno van Geet

Managing Director Finance

Governance

We firmly believe in responsible business practices, integrity and openeness and that both management and employees should act transparently. We monitor this very closely.

The Bouwinvest management is ethical and open and these are the qualities we look for when we appoint new managers. Bouwinvest has a Board of Directors that comprises a statutary director, who is also the Chairman of the Board of Directors, and three managing directors: the Director of Finance, the Director of Dutch Investments and the Director of International Investments. In addition to this, the company has a Supervisory Board which supervises and advises the Board of Directors. This board has four members who are appointed at the annual meeting of shareholders.

Internal rules

We have an internal code of conduct, which lays down what we believe is ethical behaviour, how we deal with conflicts of interest and how we abide by all relevant legal and internal rules and regulations. The code includes rules for corporate social responsibility and health and safety regulations. We also have a whistleblower scheme. Plus anyone we do business with has to comply with strict requirements.

Compliance

We have an independent compliance officer, who monitors compliance with laws and regulations and the code of conduct. He also monitors the risks Bouwinvest runs in the event of any failure to comply and reports same to the Board of Directors on a monthly basis.

Conflicts of interest

To make sure the interests of Bouwinvest its clients do not diverge or conflict with each other, Bouwinvest has drawn up a conflict of interests code. This lays down the actions that should be taken if an employee or a director can potentially benefit personally from an investment. The code also outlines how investments are divided among the funds.

Internal control framework

Our goal is to control risks effectively. This is why we have designed our own risk management system based on the ‘four lines of defence’ (figure). This serves as a basis for our compliance with the requirements laid down by regulatory bodies, our shareholders and public opinion. It also enables us to monitor and control risks as effectively as possible at the lowest possible cost.

Four lines of defence

External regulations

Bouwinvest complies with all the applicable regulations laid down by regulatory bodies, such as the Dutch Financial markets Authority (AFM) and the Dutch Central Bank (DNB). We were one of the first companies in the Netherlands to meet the requirements of the Alternative Investment Fund Managers Directive (AIFMD). This means we are allowed to offer the Residential, Retail and Office Fund to other investors than our anchor investor bpfBOUW.

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