Home REIT begins 'formal and phased' board succession process

Board to be replaced within 12 months

Home REIT has started a “formal and phased” succession process for its board of directors, with a senior independent director expected to be appointed in coming weeks to lead the transition.

In its first of the new monthly updates today (4 September), the trust said it expected that the majority of the current board will have departed before shares resume trading, and that the board will transition entirely within 12 months, allowing a period of handover. "In assembling the new board, careful consideration will be given to the appropriate skills, experience, knowledge, culture, capacity and independence of the incoming board members. Further announcements will be made in due course," it said. 'Why have all of you not resigned?': Inside Home REIT's investment policy genera...