RE:RE:Stephanie Leonard, BTB REIT CEO's daughter...Hello,
Thanks for your post. Let me take a crack at providing some answers.
1- That first 'irrelevant' document was provided as reference and not to indicate which laws BTB needed to follow. That is the conflict of interest definition for the government, which includes nepotism.
2- The second document again was provided for reference, It shows what a US company, with some definite nepotism problems does. I am not implying that similar disclosure is required by law in Canada. I am saying that in a (perhaps not entirely stupid, not entirely inexperienced) close jurisdiction, nepotism-related disclosure looks like what Viasat gives.
3- Do the conference calls indicate her family relationship with her father, are the conf call transcripts widely distributed to all investors? Do the SEDI records indicate she is the daughter of Michel Leonard? You may be aware that Leonard is not an uncommon last name, in fact, I know one fantastic CEO who has the same last name, and even the same initials, but who would probably not want to be closer than 10 miles from this company.
Finally, in my view, real estate investing is primarily based on trust and ethics... For many investors, me included, a strict comprehensive definition of 'conflict of interest' is required to foster that trust. You may be right that no laws were broken here, but that was not my point (and I believe that was clearly not my point), my point is that if the Board of BTB REIT believes that Stephanie Leonard's employment deserves no disclosure whatsoever, many other transactions conceivably do not deserve disclosure according to the Board, and like I indicate in my comment, institutional investors, the serious ones, will not argue BTB broke the law, they will just PASS to the next company, because nepotism and worse covering up nepotism is a no-no - red flag...
Now I wish you good luck investing in companies with dubious conflict of interest disclosure track records but who have NOT broken any laws.