What is the most pressing corporate governance issue facing the REIT industry today?
HAMID MOGHADAM “The challenge now is not to become complacent. REITs are among the leaders in corporate governance and tend to come out on top in surveys about the matter.” WILLIAM HANKOWSKY: REITs are in pretty good shape in terms of corporate governance, perhaps because there was a generational change recently, with the second generation of executives taking over from the founders. The industry has matured in parallel with Sarbanes-Oxley. NICHOLAS SCHORSCH: I’d say the most pressing issue is compliance with Sarbanes-Oxley. REITs need to maintain communication internally and manage Section 404 compliance issues through their audit committees. American Financial has five independent directors who are all on the audit committee, forming a very important component of our board management overseeing the Sarbanes-Oxley compliance. HAMID MOGHADAM: The challenge now is not to become complacent. REITs are among the leaders in corporate governance and tend to come out on top in surveys about t
