Corporate Governance
PEPR is committed to maintaining high standards of corporate governance.
PEPR is managed by ProLogis Management S.à.r.l., a wholly owned subsidiary of ProLogis, in accordance with the Management Regulations. These Regulations set out the matters over which the management company has authority and the limits beyond which Board approval must be sought. In all other respects, PEPR's management company manages the day-to-day activities of PEPR in the exclusive interest of its unitholders.
Board
The Board consists of four independent members and two members appointed by PEPR's management company and currently meets at least quarterly to review PEPR's performance. The Board has ultimate responsibility for overall strategy, acquisition and divestment policy, amendments to Management Regulations, investment in new ProLogis private equity funds and/or joint ventures, the raising of finance and corporate governance.
