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Artis Real Estate Investment Trust Announces Reconstitution of Board Committees and Reduction of Board Fees
Artis Real Estate Investment Trust Announces Reconstitution of Board Committees and Reduc...
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[{"type":"text","content":"\n \n \n \n Artis Real Estate Investment Trust Announces Reconstitution of Board Committees and Reduction of Board Fees\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n WINNIPEG, MB, Dec. 1, 2020\n \n \n \n \n \n \n WINNIPEG, MB\n \n \n ,\n \n Dec. 1, 2020\n \n /CNW/ - Artis Real Estate Investment Trust (\"\n \n Artis\n \n \" or the\n \n \"REIT\"\n \n ) (TSX: AX.UN) announced today that the Board of Trustees of Artis (the \"\n \n Board\n \n \") has unanimously approved the appointment of\n \n Samir Manji\n \n as Chairman of the Board, a reduction in Board fees, and changes to the Board committees, all effective immediately.\n \n \n \n \n \n \n \n \n \n \"It is a privilege to lead the newly reconstituted Board comprised of exceptionally well qualified and experienced individuals,\" said\n \n Samir Manji\n \n , Chairman of the Board. \"Each of our trustees – both continuing and new – are fully committed to working hard to maximize value on behalf of all unitholders. We have confirmed the composition of the various Board committees to ensure a smooth transition and seamless governance and oversight and look forward to supporting and working with the entire team at Artis. On behalf of the Board, I would like to thank all members of senior management. They have welcomed us to Artis and have committed to work in a collaborative and unified manner through this transition.\"\n \n \n Pursuant to Sandpiper Group's (\"\n \n Sandpiper\n \n \") 5-step action plan for Artis, the Board has approved a 25% reduction in trustee fees.\n \n Samir Manji\n \n has voluntarily chosen to not receive any Board fees. The Board has also authorized Sandpiper to lead the 100-day review that Sandpiper previously communicated to unitholders.\n \n \n The new Board committee assignments are as follows:\n \n \n \n Audit\n \n \n \n Mike Shaikh\n \n (Chair)\n \n \n Aida Tammer\n \n \n \n Lauren Zucker\n \n \n \n \n Investment\n \n \n \n Ben Rodney\n \n (Chair)\n \n Lis Wigmore\n \n \n Lauren Zucker\n \n \n \n Samir Manji\n \n ...