Governance

Proper corporate governance is important to Tremont Mortgage Trust. Three of our Board of Directors are independent and our Audit Committee is comprised solely of independent Directors.

Corporate Governance Documents

We have a five member Board of Directors, of which three are independent Directors. 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 Tremont Mortgage Trust's Directors, officers and personnel are subject to a Code of Business Conduct and Ethics.

We also have a Governance Hotline that allows users to report matters directly to Senior Management, the Board of Directors or the Audit Committee.

The Board of Trustees approved updates to our Code of Business Conduct and Ethics on December 6, 2018, which included clarifications for covered persons pre-notifying the company of any political contributions as well as other administrative updates.