SIMON SUSTAINABILITY REPORT 2022
The Board of Directors of Simon Property Group, Inc. is elected by shareholders to oversee its management and affairs. The Board of Directors governs the affairs of the Company, making business judgments and decisions on an informed basis in what they reasonably believe to be in the best interests of the Company and its stakeholders. Simon’s Board of Directors is committed to good corporate governance that promotes the long-term interests of shareholders, including oversight of management’s identification, assessment, and mitigation of enterprise risk to which the Company is or may be susceptible. Our Corporate charter gives significant governance authority to independent directors with no other affiliation to the Company, in furtherance of the goal that Simon would be operated in the best interests of its shareholders, large and small. CORPORATE GOVERNANCE
THE BOARD BELIEVES THAT ITS MEMBERS SHOULD: ■ Exhibit high standards of independent judgment and integrity ■ Have diverse experiences and backgrounds, including ethnic and gender diversity ■ Have a strong record of achievements ■ Have an understanding of our business and the competitive environment in which we operate ■ Be committed to enhancing shareholder value on a long-term basis and have sufficient time to carry out their duties POLICIES ON CORPORATE GOVERNANCE Good corporate governance is important to ensure that the Company is managed for the long-term benefit of its shareholders and to enhance the creation of long-term shareholder value. Each year, the Governance and
Nominating Committee reviews our Governance Principles, which are available at governanceprinciples.simon.com and recommends to the Board any suggested modifications. Also, the Audit Committee obtains reports from management and the leader of the Company’s internal Audit Services function that the Company and its subsidiaries are operating in conformity with the Company’s Code of Business Conduct and Ethics, which can be found at codeofconduct.simon.com , and advises the Board with respect to the Company’s policies and procedures regarding compliance with the Company’s Code of Business Conduct and Ethics. In addition, each of the Board’s standing committees reviews its written charter on an annual basis to consider whether any changes are required. These charters are located on our website at committeecomposition.simon.com . We will also either disclose on Form 8-K and/or post on our internet website any substantive amendment to, or waiver from, a provision of our Code of Business Conduct and Ethics that applies to any of our directors or executive officers.
GOVERNANCE KEY FACTS
Gender Diversity 30% Independent Directors are female
Governance 77% Independent Directors
Ethnic Diversity Independent Directors to join our Board are women and/or ethnically diverse 4 5 of the last
Board Refreshment 50% Of our nominated Independent Directors have been on the Board fewer than seven years
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CREATING SUSTAINABLE CENTERS
EMPLOYEES
CUSTOMERS
COMMUNITIES
ENVIRONMENT
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