28 Nov 2023

A high level summary of what's being discussed in recent committee meetings:

  • Debating how to ensure the Code is more relevant for current and new members.
  • Undertaking Code of Practice self-certification reviews, where 10-12 fund members per year are audited to ensure they are completing their Code of Practice submission within the spirit of the Code.
  • Overseeing the self-certification, by members, of their compliance with the 2023 Code of Practice.
  • Collaborating with relevant internal committees about guidance for ESG & II and fund acquisitions and mergers to support the Code of Practice.

Short Term Objectives

To ensure members are aware of the new Guiding Principles and the related changes to the Code of Practice.

Long Term Objectives

To ensure the Code of Practice is relevant to a wider array of fund members

Next meeting: 28 February 2024



Emma Cullen

Emma Cullen

Chief Operating Officer, UK, Fiera Real Estate

Emma is the Chair of the AREF Corporate Governance Committee. She joined Fiera Real Estate, UK in 2007 and was appointed General Counsel before broadening her role to run the operational side of the business. Emma’s remit includes oversight of regulation, risk and legal alongside the firm’s digital transformation and integration of ESG across investment and business process.  Prior to Fiera Real Estate, Emma qualified as a lawyer specialising in real estate investment management at the City firm, Frere Cholmeley Bischoff before moving to the niche real estate practice, Forsters LLP.  

Emma was a member of the AREF Corporate Governance Committee for several years before taking the role of Chair in September 2020 and joining the AREF Management Committee.