February 27, 2020
Armada Hoffler Properties Announces Further Corporate Governance Enhancements
Armada Hoffler Properties, Inc. (NYSE: AHH) announced additional corporate governance changes adopted by its Board of Directors and management. These changes include the establishment of a Sustainability Committee and new corporate governance polices.
The Sustainability Committee is a new a cross-functional management committee formed to support the Company’s ongoing commitment to environmental, workplace health and safety, corporate social responsibility, corporate governance, and other sustainability matters. View the 2019 Sustainability Report here.
The Board adopted the 5 new corporate governance policies to include the Environmental Policy, Human Rights Policy, Vendor Code of Business Conduct, Incentive Compensation Clawback Policy and Anti-Hedging Policy.
The full text of the foregoing policies is available through the Investors page of the Company’s website found here.
Louis Haddad, President & CEO, said, “Together with the Board’s recent decision to opt out of MUTA, the actions taken by the Board demonstrate our ongoing commitment to enhanced transparency and accountability. We believe that regularly reviewing our policies relating to environmental, social, and governance practices supports our efforts to drive long-term value. We also recognize the importance of sustainability to our investors, employees, tenants, and the communities in which we live and work. Throughout our 40-year history, our focus has always been long-term durability when it comes to environmental, social, and governance practices. We are pleased to announce the establishment our Sustainability Committee and encourage all of our stakeholders to review the Sustainability Committee’s 2019 Report now available on our website.”