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Governance
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Proper corporate governance is important to Hospitality Properties Trust. Since we became a public company in 1995, a majority of our Board of Trustees has been independent, and all of our Board’s Committees, including our Audit Committee, have been comprised solely of Independent Trustees.
We have a five member Board of Trustees, of which three are Independent Trustees. There are three standing Committees of the Board: an Audit Committee, a Compensation Committee and a Nominating and Governance Committee. The Board has also adopted Governance Guidelines and Committee Charters for each of these Committees.
The Board’s Audit Committee currently has a qualified Audit Committee "financial expert" as defined by SEC rules. We also have a Director of Internal Audit who reports directly to the Board’s Audit Committee.
All of the company’s Trustees, officers and personnel are subject to a Code of Business Conduct and Ethics. We also have a Governance Hotline that allows users to report matters directly to Senior Management, the Board of Trustees or the Audit Committee.
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Committee Charters
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