Nepi-Rockcastle has produced only a prospectus so far, written in the legal style expected of such a document. However, compared with other prospectuses, Nepi-Rockcastle’s goes no further than to list issues at a basic compliance level and in the language of the relevant legislation.

However, considering the perfunctory treatment of governance, ethics and societal issues in the reports of NEP and ROC (the merging entities), there are signs that Nepi-Rockcastle’s leadership is not concerned with societal obligations, nor views corporate social responsibility as an opportunity to position the company as a trusted investment vehicle for its shareholders.

Considering the company operates in a region with emerging market characteristics, the potential for governments and regulatory bodies to sign on to developed market standards, both for reporting, as well as for compliance with emerging legislation, surely poses a risk that Nepi-Rockcastle, ought to approach with proactive and strategic leadership.

See the executive summary for a more complete overview of FarSight’s analysis for Nepi-Rockcastle.  Buy our full report for detailed analysis and supporting discussion.