General Meetings of Shareholders are held at least once a year to discuss the company’s business over the past year and the annual report, to adopt the financial statements, decide on the dividend proposal, discharge the Board of Directors for its

Although the Dutch Corporate Governance Code is not mandatory for Bouwinvest as an unlisted company, the Board of Directors endorses the best practices of the Code as far as applicable to Bouwinvest.

Bouwinvest has an effective internal control framework based on the COSO framework.

Bouwinvest has obtained a licence within the meaning of Article 2:65 of the Dutch Financial Supervision Act (Wet op het financieel toezicht).

The management company manages five funds:

Bouwinvest's external auditor is Deloitte Accountants B.V. Deloitte audits the financial statements of Bouwinvest REIM. Deloitte also audits the financial statements of the funds managed by Bouwinvest.

The Dutch Management and Supervision Act (Wet Bestuur en Toezicht) came into force on 1 January 2013. Bouwinvest has amended its articles of association and internal regulations in line with this legislation, insofar as applicable and necessary.

The Board of Directors has issued an ‘in control’ statement on the financial reporting risks and strategic and operational risk management at Bouwinvest.

Bouwinvest aims for the highest level of transparency in its communications on the financial situation, strategy, plans and other information relevant to its existing and potential investors and other stakeholders.

Assets under management Assets under management are the investment properties, properties under construction, the properties held for sale and cash.