Simon Sustainability Report 2021


At Simon, corporate governance means much more than accurate financial reporting and director independence. When Simon went public in 1993, we sought to provide investors the opportunity to invest in a liquid, dividend-paying, quality real estate portfolio that was actively managed for the benefit of all shareholders. To achieve this, we embraced the concept of public ownership. Our corporate charter gave significant governance authority to independent directors with no other affiliation to the Company, providing assurances that Simon would be operated in the best interests of its shareholders, large and small. CORPORATEGOVERNANCE

BOARD OF DIRECTORS The Board of Directors of Simon Property Group, Inc. is elected by shareholders to oversee its management and affairs. The Board of Directors governs the affairs of the Company, making business judgments and decisions on an informed basis in what they reasonably believe to be in the best interests of the Company and its stakeholders. THE BOARD BELIEVES THAT ITSMEMBERS SHOULD: ■ Exhibit high standards of independent judgment and integrity; ■ Have diverse experiences and backgrounds, including ethnic and gender diversity; ■ Have a strong record of achievements; ■ Have an understanding of our business and the competitive environment in which we operate; and

POLICIES ON CORPORATE GOVERNANCE Good corporate governance is important to ensure that the Company is managed for the long-term benefit of its shareholders and to enhance the creation of long-term shareholder value. Each year, the Governance and Nominating Committee reviews our Governance Principles, which are available at and recommends to the Board any suggested modifications. Also, the Audit Committee obtains reports from management and the leader of the Company’s internal Audit Services function that the Company and its subsidiaries are operating in conformity with the Company’s Code of Business Conduct and Ethics, which can be found at, and advises the Board with respect to the Company’s policies and procedures regarding compliance with the Company’s Code of Business Conduct and Ethics. In addition, each of the Board’s standing committees reviews its written charter on an annual basis to consider whether any changes are required. These charters are located on our website at We will also either disclose on Form 8-K and/or post on our Internet website any substantive amendment to, or waiver from, a provision of our Code of Business Conduct and Ethics that applies to any of our directors or executive officers.

■ Be committed to enhancing shareholder value on a long-term basis and have sufficient time to carry out their duties.


Company Governance

Board Committees

79% Governance: Independent Directors

18% Ethnic Diversity

36% Gender Diversity: Female Independent Directors

100% Board Committees: Independent Directors

45% Board Refreshment: Independent Directors Joining the Board Since 2015








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