Company: CIO
Filing Date: 2025-03-12
Form Type: DEF 14A
Source: 0001193125-25-052437
Chunk: 18

Company: City Office REIT, Inc.
Filing Date: 2025-03-12
Form: DEF 14A
Chunk 18
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holders, and there is no limit on the number of times a director may be elected to office. Each director serves until the next annual meeting of stockholders and until his or her successor is duly elected and qualified.**

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Our Board of Directors has approved our objectives and strategies on investments and borrowing. The Board of Directors has delegated certain decision-making authority regarding property acquisitions and dispositions to the Investment Committee. The directors may establish further written objectives and strategies on investments and borrowings, or modify existing strategies and objectives, and will monitor our administrative procedures, investment operations and performance. Commitment to Good Corporate Governance Our Company and our Board of Directors are committed to pursuing best practices for overall corporate governance. We have structured our corporate governance in a manner we believe closely aligns our interests with those of our stockholders. Highlights include the following:

| • |     | We are an internally managed Company in order to ensure optimal alignment of interests among our management, our Board of Directors and our stockholders; |

| • |     | Five of our six directors, or 83.3%, all of whom have been nominated for election at this year’s Annual Meeting pursuant to Proposal 1, are independent under our corporate governance guidelines, the rules of the NYSE and Rule 10A-3 under the Exchange Act; |

| • |     | Our Bylaws provide for a majority vote standard in uncontested director elections and permit stockholders to amend the Bylaws upon obtaining the requisite stockholder approval; |

| • |     | Our corporate governance guidelines provide for a director resignation policy; |

| • |     | We have adopted a policy prohibiting hedging in the Company’s equity securities; |

| • |     | We have adopted a formal executive and director succession plan that provides various procedures to follow upon a vacancy created by an executive or director; |

| • |     | We have adopted a stock ownership policy (the “Stock Ownership Policy”) for our Named Executive Officers and independent directors which requires Named Executive Officers and independent directors to purchase a requisite amount of shares of our common stock within five years of the date he or she was first elected or appointed that will further align the interests of the executives and independent directors with those of our stockholders; |

| • |     | Our Board of Directors is not staggered and is elected annually, and we have opted out of the board classification statute under Title 3, Subtitle 8 of the Maryland General Corporation Law (“MGCL”) and therefore we cannot elect to