Bouwinvest Dutch Institutional Retail Fund N.V. was established in 2010. The Fund has a governance structure that ensures effective and efficient management, combined with proper checks and balances. The Fund’s governance structure consists of a General Meeting of Shareholders, an Advisory Committee and the Management Board.

The Fund is governed by a robust framework with systems and processes to manage risks appropriately. Safeguarding the interests of its investors, integrity and transparency, the Fund fosters the following governance principles:

• The compliance, risk and internal audit functions are independent

• Conflicts of interests are avoided and managed through compliance with Bouwinvest’s conflicts of interest policy

• Robust checks and balances through established framework with three lines model

• Focus on process management: ISAE 3402 type II certified

• Compliant with AIFMD

• An independent depositary function has been installed

Rules and principles governing day-to-day business:

• Best-in-class system for valuation of assets

• Elaborate approval process for all real estate investments

• Transparency and integrity integrated in daily business conduct

• Code of conduct

• Transparent and open shareholder communication