Our structure

As you’d expect, our structure includes all the checks and balances needed to protect the interests of investors and other stakeholders. Rigorous corporate governance ensures the Trust is run appropriately and is both successful and accountable.

The Trust

Vital Healthcare Property Trust (Vital) is a unit trust established under the Unit Trust Act 1960 by a Trust Deed dated 11 February 1994 as subsequently amended and replaced.

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The Trustee

The Trustee of Vital is Trustees Executors Limited. The Trustee is required to be licensed by the FMA under the Financial Markets Supervisors Act 2011 to act as a trustee of a unit trust.

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The Manager

The Manager of Vital is Vital Healthcare Management Limited, a wholly owned subsidiary of NWI Healthcare Properties LP. The Manager has responsibility for the management of Vital in accordance with the Trust Deed. Vital Healthcare Management Limited is licensed under the Financial Markets Conduct Act 2013 as a manager of registered schemes.

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The Board

The role of the Board of Directors is to set the strategic direction of Vital and to support management in monitoring the delivery of this against specific performance objectives. The Board also ensures that all business risk are appropriately identified and managed and that all regulatory, statutory, financial, health and safety and social responsibilities of the Manager are complied with.

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Corporate governance

The main elements of our corporate governance practices are summarised here. You may also like to view a copy of our full Corporate Governance Policy. You may also view our Code of Conduct and Ethics policy here.

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