Company: LXP
Filing Date: 2025-04-15
Form Type: DEF 14A
Source: 0001539497-25-001131
Chunk: 13

Company: LXP Industrial Trust
Filing Date: 2025-04-15
Form: DEF 14A
Chunk 13
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 Our Board of
Trustees seeks candidates with a variety of skills and in recent years have added additional corporate governance, logistics and cybersecurity
expertise.

<div align='center'>CORPORATE RESPONSIBILITY</div>

We believe
that our commitment to environmental, social, governance and resilience (ESG+R) matters will create long-term value for our shareholders
while addressing the evolving needs of our other stakeholders. The Nominating and ESG Committee of our Board of Trustees oversees our
ESG+R strategy and initiatives. Our website has a dedicated Corporate Responsibility section, www.LXP.com/corporate-responsibility,
which contains additional information on our ESG+R initiatives and a copy of our most recent Corporate Responsibility Report. The contents
of our website and our most recent Corporate Responsibility Report are not incorporated into this Proxy Statement.

| 19 |

<div align='center'>MANAGEMENT AND CORPORATE GOVERNANCE Our Board of Trustees Our Board of Trustees held five meetings during the fiscal year ended December 31, 2024. Each individual that was a trustee at the time of such meetings attended at least 75% of the aggregate of the total number of meetings of our Board of Trustees and all committees of the Board of Trustees on which he or she served during the year. All our then trustees attended the 2024 Annual Meeting of Shareholders, which was held on May 21, 2024. Outside Commitments:</div>

| ● | Service on the Board of Trustees requires significant time and attention, and our trustees are expected                                 
 to spend the time needed and meet as often as necessary to discharge their responsibilities. Our Nominating and ESG Committee considers 
 competing outside commitments in making its trustee nomination recommendations.                                                         |

| ● | Our Corporate Governance Guidelines provide that when a trustee’s principal occupation or business                                       
 association changes substantially from the position he or she held when originally invited to join the Board of Trustees, the trustee    
 shall tender a letter of resignation to the Nominating and ESG Committee and the Nominating and ESG Committee shall consider whether the 
 change will impair the trustees effectiveness and then recommend to the Board of Trustees whether to accept the proposed resignation.    |

| ● | Our Corporate Governance Guidelines also provides that (i) trustees should advise the chairperson of the                                    
 Nominating and ESG Committee and the CEO before accepting membership on other boards of directors/trustees or any audit committee or other  
 significant committee assignment on any other board of directors/trustees, or