Transparency to our stakeholders is essential. We pride ourselves on providing our stakeholders with regular reports and detailed disclosures on our operational and financial health and ESG efforts.


  • Strive to implement best governance practices, mindful of the concerns of our shareholders
    • This includes Code of Business Conduct, enterprise risk assessments, whistle blower policy, and management succession planning
  • Increase our ESG transparency and disclosure through reporting to frameworks, such as GRESB, and providing regular ESG updates to shareholders and other stakeholders
  • Monitor compliance with applicable benchmarking and disclosure legislation including utility data reporting, audit and retro-commissioning requirements and
    GHG emission laws
  • Evaluate physical and transition climate-change risks as part of our new acquisition due diligence process
  • Evaluate various industry groups that promote our alignment with recognized industry ESG frameworks


Additionally, the following governance practices have been implemented:

  • Code of Business Conduct and Ethics, containing a whistleblower policy
  • Annual enterprise risk assessment
  • Independent Audit, Compensation and Nominating and Corporate Governance Committees
  • Proxy access for shareholders
  • Trustee retirement policy
  • Management succession plan
  • Annual Board, Committee and Trustee self-assessment
  • Recently refreshed Board
  • At least two-thirds independent Board
  • Lead Independent Trustee
  • Anti-Pledging/Hedging Policy
  • Share ownership and share retention requirements
  • Prohibition on cash buyouts of underwater options
  • No tax gross-ups or single-trigger change-in-control severance arrangements
  • Blank check preferred shares cannot be issued as a “takeover” defense
  • Shareholders can act by written consent or electronic consent to the same extent shareholders can act at a meeting
  • Shareholders holding at least 25% of Lexington’s outstanding common shares can call a special meeting of shareholders
  • There is no exclusive venue or forum for shareholder litigation
  • There is no fee shifting provision for unsuccessful shareholder litigants
  • Shareholders have concurrent power to amend Lexington’s Bylaws