Episode 329: Strong Board/Management Partnership Benefits REIT Performance Long Term
A corporate governance structure that includes board members that are independent, yet work as strong partners to the executive board, has clear long-term benefits for REIT performance, says Bill Ferguson, chairman of global professional services firm Ferguson Partners.
Speaking on the REIT Report, Ferguson said \u201cit\u2019s a fine balance\u2026the board is there to be a fiduciary and represent the shareholders\u2019 interests, but the bottom line is that they also need to be a good partner to the leadership team to make sure that the strategy and the execution of the business makes sense.\u201d
Issues surrounding governance, in addition to a range of other ESG topics, will be explored at Nareit\u2019s upcoming REITworks: 2022 Conference held on Sept. 12-13 in La Quinta, California.