Sound corporate governance and adherence to our Code of Ethics are key operating principles to our management of Ventas. We take seriously our responsibility to communicate openly and frequently to our investors, our business partners, regulatory bodies and the public. And, we work hard to be transparent and forthcoming in our reporting of information about our business.

We pride ourselves on our leadership position in corporate governance, as evidenced by the 99th percentile rating we received from Institutional Shareholder Services, an independent company that measures companies on their governance responsibilities. Well ahead of new New York Stock Exchange (NYSE) rules and Sarbanes-Oxley requirements, our Board of Directors was composed of a majority of independent members. By mid-2002 we reconfigured our three key committees - audit, compensation and governance - to meet the stringent standards now imposed on public corporations. In January of 2003, we named Board member Douglas Crocker II as presiding director to chair our regularly scheduled executive sessions among Ventas's independent directors. Additionally in 2003, our "poison pill" was allowed to expire.

At Ventas, we continue to strive for continuous improvement and intelligent compliance with rules from the NYSE and Securities and Exchange Commission. In 2003 we developed a full-scale effort to systematize and record our policies and procedures, develop our internal audit function and ensure that appropriate controls are in place, well in advance of applicable deadlines. We take seriously our adherence to both the spirit and the principles of excellent corporate governance.

Board of Directors

Members of Ventas's Board of Directors

Board of Directors Committees

Committee Membership
     Committee Charters
          Audit and Compliance Committee
          Nominating and Governance Committee
          Executive Compensation Committee

Ventas Governance

Ventas's Guidelines on Governance

Code of Conduct

Ventas's Code of Ethics and Business Conduct

Section 16 Insider Securities Transactions by Directors and Officers

Transactions in Ventas's Securities by Ventas Directors and Officers

Report Ventas Accounting Issues

To be used to report issues regarding Ventas's accounting, internal accounting controls, auditing or other business conduct matters. See whistleblower contact information.

Contact Ventas Board of Directors

bod@ventasreit.com

Contact Presiding Director or Independent Board Members

independentbod@ventasreit.com