Slate Retail REIT's majority independent Board of Trustees brings together a strategic combination of skill-sets with vast real estate, finance, and cross-border experience. Our board is committed to best-in-class corporate governance, and is comprised as follows:
|Tom Farley (Chair)||Yes||Member||Chair||Member|
Tom Farley is Chair of the Board of Brookfield Canada Office Properties and has over 30 years of real estate industry experience. Most recently, Mr. Farley held the position of President and Global Chief Operating Officer of Brookfield Office Properties, overseeing asset management, leasing, and property operating initiatives. Further, he served as Chair of the Board of Brookfield Johnson Controls Canada and Brookfield Johnson Controls Australia. Previously at Brookfield he was CEO of Canadian Commercial Operations, CEO of Australian Commercial Operations and Senior Vice President, Western Canada.
Sam Altman is the President of Joddes Limited, a Canadian investment company specializing primarily in healthcare. He is highly familiar with the U.S. tax and securities regulatory environment, including cross border issues. Mr. Altman is also an Adjunct Partner with Signet Healthcare Partners. Mr. Altman was formerly President and Chief Executive Officer of Pendopharm, a pharmaceutical contract manufacturer, and was an independent consultant to healthcare, and industrial marketing clients on strategy, corporate development and mergers and acquisitions. Mr. Altman formerly led corporate strategy and investment for Scott’s Hospitality and was originally a management consultant at McKinsey and Company.
Mr. Altman earned his CFA designation, is a member of the Law Society of Upper Canada and holds degrees from Cornell University (MBA) and Queen's University (JD).
Colum Bastable is the Chair of Operations for Cushman & Wakefield Canada having joined the company - known at the time as Royal LePage - in 1976, becoming its President and Chief Executive Officer In 2005. Mr. Bastable is on the board of Toronto Hydro-Electric System and is also a member of the board of trustees of Brookfield Canada Office Properties, where he formerly served as Managing Partner. In 2007 Mr. Bastable was appointed as Chairman of McMaster University’s Board of Governors.
Mr. Bastable is a Chartered Accountant and has been honored as a Fellow of the Institute Chartered Accountants in Ireland.
Pat Flatley is a Senior Vice President of New York-based Fidelity National Title Insurance Co. where he represents the interests of Canadian commercial real estate owners and operators completing cross border transactions. In this role Mr. Flatley has completed over 75 commercial title insurance policies in the U.S. for clients including Brookfield Properties, Cadillac Fairview, Canada Pension Plan Investment Board and Oxford Properties. Prior to his commercial real estate career, Mr. Flatley was a professional hockey player, whose NHL career spanned fourteen seasons including four season as Captain of the New York Islanders.
Peter Tesché is a Principal of P.T. Lloyd Associates LLC, a South Florida real estate capital markets advisory firm. He coordinates placement of loan and equity capital from investment partners of real estate asset management firms and operating companies. Until May 2000, he was responsible for a real estate merchant and investment banking function at Deutsche Bank Canada, the successor to the Canadian subsidiary of Bankers Trust Company. Between 2000 and 2009, he acted as principal in his own corporate finance advisory firm. Previously, Mr. Tesché held senior management positions with financial institutions in the U.S., Mexico and Brazil.
Mr. Tesché earned the CFA designation and holds a Bachelor of Arts degree from Allegheny College.
Blair co-founded Slate Asset Management in 2005. With 20 years of experience in the real estate industry in North America and Asia, Blair has worked with First National Financial Corporation, where he was responsible for developing a successful Canadian commercial mortgage-backed securities program; Fortress Investment Group, where he was responsible for origination of opportunities; Bankers Trust; and Brazos Advisors (now Lone Star), where he was involved in direct investment, securitization and corporate debt transactions in the U.S. and Canada.
Blair holds a B.Com. from the University of British Columbia.
Brady co-founded Slate in 2005. He has 20 years of experience in the real estate industry in North America and Europe across all asset classes, including office, industrial, multi-family and retail. Prior to co-founding Slate, he held senior management positions with Fortress Investment Group from 1998 to 2005, where he was responsible for asset management strategies. Prior to Fortress, he managed Truscan's investments in class 'A' office towers in Canada's five major urban markets. Brady began his career in the mid-1990s with Lone Star, participating in the acquisition and work-out of distressed Canadian real estate loan pools from insurance companies and financial institutions.
The Audit Committee is comprised of independent members of the Board of Trustees, appointed on an annual basis for the purpose of overseeing the REIT's financial controls and reporting in addition to monitoring whether the REIT complies with financial covenant and legal regulatory requirements governing financial disclosure matters and financial risk management.
Members of the Audit Committee include Colum Bastable (Chair), Sam Altman and Peter Tesché.
The Compensation, Governance and Nominating Committees is comprised of independent members of the Board of Trustees, appointed on an annual basis. The committee is charged with overseeing board effectiveness, trustee selection, considering questions of management succession, administering securities-based compensation plans and assessing the overall performance and compensation of management of the REIT, among other responsibilities.
Members of the Compensation, Governance and Nominating Committee include Peter Tesché (Chair), Sam Altman and Colum Bastable.
The Investment Committee has the overall responsibility to ensure that the REIT's investment decisions are consistent with the Investment Guidelines and Operating policies as set forth in the REIT's Declaration of Trust. The committee will carry out its responsibilities with a view to achieving the REIT's strategic objectives of assembling a portfolio of high quality assets and delivering the benefits of such real estate to unitholders.
Members of the Investment Committee include Tom Farley (Chair), Sam Altman, Pat Flatley, Peter Tesché and Blair Welch.
It is the policy of Slate Retail REIT that all activities be conducted with the highest standards of fairness, honesty and integrity and in compliance with all legal and regulatory requirements. In keeping with our commitment to best-in-class corporate governance, Slate has implemented numerous, policies and position descriptions for Slate Retail REIT.
Code of Conduct and Ethics
Slate Retail REIT’s Code of Conduct and Ethics (the “Code”) has been endorsed by the board of trustees of the REIT and applies to trustees, directors and officers of the REIT and Slate Asset Management LP. The objective of the Code is to provide guidelines for maintaining the integrity, reputation, honesty, objectivity and impartiality of the REIT. The Code addresses conflicts of interest, protecting the REIT’s assets, confidentiality, fair dealing with security holders, competitors and employees, insider trading, compliance with laws, and the reporting of any illegal or unethical behaviour.
The REIT, its subsidiaries, and Slate Asset Management L.P. have a strong commitment to the conduct of their business in a lawful and ethical manner. In line with that commitment, the REIT has adopted a Whistleblower Policy. The Whistleblower Policy outlines the process by which trustees, directors, officers, managers and employees may communicate with the REIT about concerns they may have in respect of illegal or unethical behavior and when in doubt about the best course of action in a particular situation, without retaliation.
Any employee with a good faith concern about any accounting or auditing matter or any other matter which such employee believes in violation of the Code is directed to contact the Chair of the Audit Committee of the REIT (who is independent of management of the REIT Entities) on a confidential basis.