HIW CRR 2023 v8 - Flipbook - Page 39
G O V E R N A N C E AT- A - G L A N C E
As part of the strategic planning process, the Board
of Directors periodically evaluates internal attributes
and external threats that could hinder us from
achieving our strategic goals and adversely affect the
long-term outlook for our stockholders. By overseeing
management’s overall processes, the Board can help
identify and mitigate enterprise risks and capitalize
on strategic opportunities.
Responsible for monitoring our company’s
overall resiliency, the Board evaluates our
performance regarding environmental, social
and governance issues. The Investment Committee
oversees Environmental and Climate risks. The
Audit Committee is responsible for overseeing
management’s risk assessment and risk management
processes designed to monitor and control financial
risk exposures, including cybersecurity risk. The
Compensation and Governance Committee oversees
our social pillar and is responsible for ensuring our
compensation policies and practices do not create
risks that are reasonably likely to have a material
adverse effect on our company. The Board and its
committees periodically meet and communicate with
our executive officers as appropriate in the Board’s
consideration of matters submitted for approval and
risks associated with such matters.
GOVERNANCE PRINCIPALS
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No employment contracts
Double trigger change-in-controls contracts
No poison pill
88% independent directors
Shareholders can amend bylaws
Shareholder-aligned compensation philosophy
Anti-hedging and anti-pledging policy
No related party transactions
Simple corporate structure
Strong cyber security
Ethical business conduct
Leadership development
Employee engagement
• Directors serve one-year terms
• Majority vote director resignation policy
• Vigorous cash and equity clawback policy
BOARD OF DIRECTORS
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