Examples of BPY General Partner in a sentence
The immediate parent of the partnership is the BPY General Partner.
The BPY General Partner The BPY General Partner, a wholly-owned subsidiary of Brookfield Asset Management, has sole authority for the management and control of our company.
Employee agrees that upon reasonable notice from the Company, he/she will make him/herself available to the Company, and cooperate honestly and accurately with the Company, in connection with any proceedings before any court or agency, pertaining to any matter with respect to which he/she has knowledge or information as a result of his/her employment with the Company.
The BPY General Partner has sole responsibility and authority for the central management and control of our company, which is exercised through its board of directors.
Any director may, subject to the approval of the Chair of the Board, retain an advisor at the expense of the BPY General Partner.
Directors of the BPY General Partner are appointed by the shareholder of the BPY General Partner, who is a Brookfield subsidiary and a director’s duties are owed to the BPY General Partner.
Among other things, these stakeholders will be focused on credit quality, the Partnership’s financial position and the ability to pay distributions.In addition, the board of directors of the BPY General Partner (the “Board”) will review significant internal audit and risk reports for Brookfield’s real estate assets that are outside the Partnership’s structure to the extent these entities do not have their own independent governance structure (the “Brookfield Real Estate Entities”).
Conflicts of Interest – A director who directly or indirectly has an interest in a contract, transaction or arrangement with the BPY General Partner, the Partnership or certain of its affiliates is required to disclose the nature of his or her interest to the full Board.
Size of Board and Selection Process – The directors of the BPY General Partner are elected by its shareholders from time to time.
Change of Circumstances – Directors are responsible for informing the Chair of the Board of any change in their personal or professional circumstances that may impact their continued ability to serve the BPY General Partner effectively, or, if they have been determined by the Board to be independent, that may impact their continued standing as independent directors.