Sterling Multifamily Trust operates under the direction of our Board of Trustees. The Board is responsible for the overall management and control of our affairs. Our Trustees have decades of business, real estate, property management, banking and finance experience. Each board member is also a shareholder.
Our Board of Trustees holds four scheduled meetings each year. At each meeting, the Board meets privately in executive session, without Non-Independent Trustees or members of Management present. The Board has direct access to independent experts, lawyers, accountants and others to turn to for counsel regarding specific Trust policies and activities.
The Board is deeply involved in Trust’s risk management. As part of this process, the Board receives regular reports from Management, which include consideration of operational, financial, legal, regulatory and strategic risks facing the Trust and Partnership. The Board does not view risk in isolation, as risks are considered in virtually every business decision made and as part of our business strategy.
As a critical part of its risk management oversight role, the Board encourages full and open communication between Management and the Board of Trustees. Trustees are free to communicate directly with Management. Management also attends the Board’s regular meetings of the Board to address any questions or concerns raised by the Board regarding risk management and other related matters.