Governance
RLJ is committed to conducting our business affairs with integrity, transparency, and professionalism and to treating our associates, customers, and vendors with respect. Our standards are defined by our professionalism, high integrity, ability to exercise sound judgement, and respect for diverse perspectives.
Our Code of Business Conduct and Ethics sets out the specific standards and ethics that RLJ requires all associates and the Board of Trustees to sign and follow. Our policy addresses the need for honest and ethical conduct; compliance with laws, rules, and regulations; conflicts of interest; confidentiality of information; no retaliation for raising issues or complaints; and the right to a discrimination and harassment free workplace.
Ensuring that ESG is fully integrated into all roles and departments in the organization is driven by our accountability to our stakeholders, including our investors, associates, vendors, and third-party management companies. This is essential in how we operate.
Risk Management
Our Board of Trustees executes its oversight responsibility of risk management directly and through its committees. Risks related to environmental and social factors fall directly under the Nominating and Corporate Governance Committee unless they are thematically linked to auditing or compensation activities. Strategic risks, which may include highly significant ESG issues, are directly overseen by the Board and not delegated to one of the committees. Risk management is an area where the members of our Board have deep expertise and experience.
Effective Corporate Governance
Our Board of Trustees acts as the steward of the Company for the benefit of all shareholders. Our trustees bring a wealth of experience and a track record of excellent judgment, helping to guide RLJ’s business strategy. Together as a board, they are committed to ensuring our overall business strategy is designed to create long-term value for our shareholders.
Board Diversity
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7 of 9 trustees are independent, including all members of our Board Committees
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3 of 9 trustees are women
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5 of 9 trustees are ethnically diverse
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Trustee skills, qualifications and experience matrix are disclosed in proxy statements
Board Refreshment
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Balanced trustee tenure with an average of approximately seven years
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Evaluation of Board skills, experience, attributes and diverse viewpoints before selection