Weingarten Realty Investors, Houston, has announced the adoption of several governance initiatives, including the expensing of stock options.Weingarten, a real estate investment trust, said its board of directors approved the expensing of stock options as of Jan. 1, and eliminated the ability to re-price such options. Other governance initiatives include the regular scheduling of executive sessions for independent trustees; the adoption of formal annual evaluations of the performance of the board and of individual trustees; the adoption of a set of governance policies; and the formalization of a code of conduct and ethics for Weingarten managers, officers, and associates. The REIT can be found online at http://www.weingarten.com.
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