- Top-Rated governance by Green Street Advisors. Annual election of directors, opt-out of Maryland anti-takeover provisions and shareholder rights plans. Comprehensive Code of Business Conduct and Ethics adopted.
- Structurally reduced possible conflicts: no joint ventures, no operating partnership interests for management, no personal investments in other industrial real estate or industrial REITs other than through Terreno.
- No annual cash bonus plan for CEO and President. All incentive compensation paid in Terreno shares. Performance share incentives tied to total shareholder return outperformance over rolling three-year periods.
- Significant management and Board stock ownership of over $100 million.