Our corporate governance policies promote the long-term interests of stockholders, accountability and trust in CatchMark. Below is a summary of some of the highlights of our corporate governance framework.

✓ Annual election of all directors	✓ Average director tenure of seven years
✓ Majority voting with plurality carve-out for contested elections	✓ Risk oversight by the board and committees
✓ Five of six directors are independent	✓ Annual board and committee self-evaluations
✓ Separate independent Chairman and CEO	✓ No supermajority voting
✓ Anti-hedging and anti-pledging policy	✓ No stockholder rights plan
✓ Executive officer stock ownership guidelines	✓ Stockholders have right to amend bylaws
✓ Independent director stock ownership guidelines	✓ Director continuing education policy
✓ Regular executive sessions of independent directors	✓ All directors attended at least 75% of 2019 meetings
✓ Related person transactions policy	✓ Stockholder engagement
✓ Annual say-on-pay advisory votes