AREF is seeking two additional Directors to join the Board in June 2023.
The Board is responsible for promoting the long-term success of AREF for the benefit of all its members and, in particular, for developing AREF’s strategic aims and values, ensuring it is adequately resourced to achieve its objectives, overseeing the executive team and enforcing the Code of Practice.
AREF is seeking two representatives of AREF member firms to join its Board as Directors. Although these unpaid positions are for individuals to act as Directors having regard to the interests of AREF as a whole (and are not for corporate representation), we will wish to ensure that any candidate has the support of their current employer which must be a member firm of AREF. We are looking for candidates who bring attributes which will be valuable to the Board and will help AREF in achieving its goals. It will be important to demonstrate a commitment to and understanding of the real estate fund market and issues important to its future evolution. Candidates who bring complementary skills and experience in certain fields which will be areas of focus for AREF in the coming period will be particularly welcome. We will also be mindful in selecting the successful candidates in maintaining an appropriate balance of firms represented across the Board as a whole.
AREF is committed to embedding Diversity, Equity and Inclusion (DEI) throughout the organization. It promotes and applies an inclusive practice across both recruitment and talent assessment processes. Please refer to AREF’s Diversity, Equity & Inclusiveness AREF DEI Policy 2023
Time commitment
The Board normally meets 8-12 times a year, but all meetings are relatively short. In alternate months there is a fiduciary meeting of 1.5 hours to take formal Board decisions (typically in person), interspersed with a themed meeting of an hour on a topic of interest, usually with an outside speaker (typically held remotely). No decisions are expected to be made at the themed meetings. The total core commitment is thus 25-30 hours a year, plus preparation time.
The nature of the role makes it impossible to be more specific about the maximum time commitment, and there is always the possibility of ad hoc matters arising from time to time that require Board attention, particularly when AREF is undergoing a period of increased activity. It may therefore be necessary to convene additional Board meetings during the year.
Remuneration
AREF Directors representing member firms are not eligible to receive remuneration for their role on the Board.
Term of Appointment
All non-executive Board appointments are for an initial three-year term, possibly followed by a further three years, subject to a nominations and approval process. It is expected that all Directors should serve no more than two terms consecutively. However, the Board may invite you to continue for an additional period, or to fulfil a particular role thereafter, if it deems it in the best interests of AREF to do so.
Contact
If you are interested in these roles, please contact AREF’s Managing Director, Paul Richards, at [email protected] by no later than close of business on 26 April 2023.
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