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Corporate
Governance
We recognize that the
sound principles of corporate governance will
serve the long-term interests of Desert Capital
REIT’s shareholders.
We pride ourselves on maintaining an ethical workplace
in which we practice the highest standards of
professional conduct. Following are highlights
relating to Desert Capital REIT’s corporate
governance.
- Our Board of Directors
consists of a majority of independent directors.
The Audit, Governance and Nominating, and Compensation
Committees of the Board of Directors are also
composed exclusively of independent directors.
- The Board and its
three committees conduct regularly scheduled
meetings to review key business initiatives
and opportunities.
- Our long-term incentive
awards are fully expensed in our consolidated
income statements and are disclosed in our financial
reports.
- We have established
a formal internal audit function to further
the effective functioning of our internal controls
and procedures. Our internal audit plan is intended
to provide management and the Audit Committee
with an effective tool to identify and address
areas of financial or operational concerns and
ensure that appropriate controls and procedures
are in place.
- We have adopted both
a Code of Business Conduct and Ethics and Corporate
Governance Guidelines that cover a wide range
of business practices and procedures. These
guidelines apply to all of our employees, officers
and directors, and that promote the highest
standards of ethics and conduct in all of our
business relationships.
Charters
GOVERNANCE COMMITTEE CHARTER
AUDIT COMMITTEE CHARTER
COMPENSATION CHARTER
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