Government Properties Income Trust has a five member Board of Trustees, of which three are Independent Trustees. There are three standing Committees of the Board: an Audit Committee, a Compensation Committee and a Nominating and Governance Committee. The Board has also adopted Governance Guidelines and Committee Charters for each of these Committees.
The Board’s Audit Committee currently has a qualified Audit Committee "financial expert" as defined by SEC rules. We also have a Director of Internal Audit who reports directly to the Board’s Audit Committee.
All of the company’s Trustees, officers and personnel are subject to a Code of Business Conduct and Ethics. On December 8, 2015, Government Properties Income Trust’s Code of Business Conduct and Ethics (the "Code") was amended to clarify policies regarding reporting of conflicts of interest and violations of the law and the Code. The Code was also revised to recognize that our manager is now controlled by a public company.