Governance Structure and Same-boat Principle

■Management of Conflict of Interest and Impartiality Operation Structure
TIF's asset manager appoints external experts for the investment management and the compliance division and requires attendances and approvals from compliance officer and external member in case of related party transaction.

 

 

(Note)When asset management services are outsourced based on an existing basic contract and there is an emergency or other compelling reason, approval shall be given after the fact.

 

■Integrating the interest of unitholders and the Sponsor
MIRARTH HOLDINGS,Inc. implements to own investment units of TIF in order to integrate the interests of themselves, as the sponsor, and shareholders of TIF. TIF believes that such measure contributes to maximizing shareholders ‘ value through achievement of sustainable and stable growth in middle to long term period which is led by continuous cooperative relationship to reinforce and support the business of both TIF and the Sponsor.