INDEX
United Urban entrusts its asset management of its properties to MRA in accordance with the Investment Trust Act. As shown in the below structure, by ensuring double and triple checks in decision-making for acquisition and disposal as well as management of assets, MRA pays full attention to transactions with its sponsor companies, etc. and other transactions that involve concerns regarding conflicts of interest.
| Member | Chairman (1): President & CEO, MRA Committee member (2): Non-executive Director, External expert (Attorney at Law) |
|---|---|
| Responsibility | Resolve important asset management plans and policies empowered by the Board Meeting; Deliberate matters to be resolved by the Board Meeting. |
| Agenda | Acquire and dispose specified properties (lands and buildings) for United Urban; Decide asset management plans for United Urban's properties |
| Requirements for the meeting/resolution | Attendance of the external experts and more than half of members is required. The unanimous consent of the attendees is necessary for resolution. Interest related parties on relevant subjects are to be excluded on resolution. |
| Member | Chairman (1): CCO, MRA Committee member (3): President & CEO, MRA, General Manager of General Affairs Department, External expert (Attorney at Law) |
|---|---|
| Responsibility | Deliberate on subjects not only on compliance but also broader matters such as professional standards and internal auditing and submit report to the board of directors in case suspicion or doubt is found |
| Agenda | Deliberate investment decisions from the perspective of compliance; Response to acts that are, or may prove to be, problematic from the standpoint of the law, professional standards, etc. |
| Requirements for the meeting/deliberation | Attendance of more than half of the members is required (Chairman or external expert must be present). In case that the external expert is absent, a separate meeting should be held in advance for comments and report for the external expert. |
MRA, the asset management company of United Urban, recognizes the importance of preventing money laundering and funding contributing to terrorism and proliferation of weapons for mass destruction (hereinafter referred to as “money laundering, etc.), and we have stipulated regulations relating to compliance with the Act on Prevention of Transfer of Criminal Proceeds.
We contribute to the sound maintenance and development of the financial system by preventing ourselves and our customers, employees, etc. from being involved in or drawn into money laundering, etc.
With regard to developing an internal control system for the purpose of preventing money laundering, etc. MRA adheres to all related laws and regulations applicable to our business and performs the following actions properly for a diligent internal control:
MRA complies with all applicable laws, regulations, etc. concerning the prevention of money laundering, etc.
MRA eliminates customers and transactions related to money laundering, etc.
MRA develops an appropriate system concerning the prevention of money laundering, etc. and carries out the following: