CORP CRR 2024 8.5x11 v10 - Flipbook - Page 54
20 24 CORPORATE RESILIENCY REP ORT
54
Strong corporate governance is a foundational component for
achieving our business objectives. Highwoods is committed to
corporate governance practices that promote long-term value
creation, accountability and transparency to our stakeholders.
In 2024, our Board consisted of nine directors, eight of whom
met the independence requirements of the NYSE. The Board is
led by our independent Chair.
DRIVING THE RESILIENCY OF OUR BUSINESS
GOVERNANCE
GOVERNANCE STRUCTURE
The principal responsibility of our Board is to exercise their
business judgment to act in what they reasonably believe to
be in the best interests of our Company and our stockholders.
They believe that establishing an appropriate “tone at the
top” and candid and constructive conversation between
management and the Board are essential for effective
risk management and oversight. The Board oversees our
Company’s overall strategic planning process, including the
implementation and effectiveness of our Strategic Plan and
resiliency strategy. As part of this process, the Board regularly
evaluates internal and external risks that could impact the
achievement of our strategic goals and adversely affect the
long-term outlook for our stockholders.
