Company: HPP
Filing Date: 2025-04-23
Form Type: DEF 14A
Source: 0001104659-25-038079
Chunk: 34

Company: Hudson Pacific Properties, Inc.
Filing Date: 2025-04-23
Form: DEF 14A
Chunk 34
---
 Directors comprised of individuals with a broad range of experiences and skills. Not only does a broad range of experience promote different perspectives and ideas, and ensure that the Company has the opportunity to benefit from all available talent, but having a well-rounded Board also makes prudent business sense and makes for better corporate governance. We believe that an effective Board will include and make good use of differences in the skills, regional and industry experience, and professional backgrounds of directors. All Board appointments are based on merit, in the context of the skills, experience, independence and knowledge which the Board as a whole requires to be effective. The Company’s Nominating and Corporate Governance Committee regularly reviews and assesses Board composition on behalf of the Board and recommends the appointment of new directors. The Company will continue to ensure that its commitment to excellence is effectively implemented by annually reviewing and assessing the size, composition and operation of the Board, annually considering the recommendation of candidates for appointment or nomination to the Board based upon an assessment of the independence, skills, qualifications and experience of potential candidates and, when required, engaging qualified external advisors to assist the Board of Directors in conducting a search for candidates who meet the Board’s skills criteria. The Board will routinely assess whether the Board is composed of appropriately qualified members with a broad range of expertise relevant to the Company’s business. BOARD REFRESHMENT AND SUCCESSION PLANNING We aim for Board seats to be occupied by an effective balance of long-tenured directors and fresh voices. We recognize the value of the knowledge held by those who have served longer terms, and also appreciate the need for new perspectives. We recognize that as our business evolves, so do the qualifications and expertise needed amongst Board members. A graphic summarizing current director tenure can be found on page 9. ROLE OF THE BOARD IN RISK OVERSIGHT One of the key functions of our Board is informed oversight of our risk management process. Our Board administers this oversight function directly, with support from three of its standing committees, the Audit Committee, the Governance Committee and the Compensation Committee, each of which addresses risks specific to their respective areas of oversight. In particular, our Audit Committee has the responsibility to consider and discuss our major financial risk exposures and the steps our management has taken to monitor and control these exposures, including guidelines and policies to govern the process by which risk assessment and management is undertaken and overseeing the management of the Company’s financial risks and information technology risks, including cybersecurity and data privacy risks. The Audit Committee also monitors compliance with legal and regulatory requirements, in addition to