Jeetu Patel

About Jeetu Patel

Jeetendra (Jeetu) I. Patel, age 53, has served as an independent director of JLL since 2019. He is Executive Vice President and Chief Product Officer (formerly EVP & GM, Security and Collaboration) at Cisco, and previously held senior product leadership roles at Box, EMC’s Syncplicity, and founded Doculabs. He holds a B.S. in Information Decision Sciences from the University of Illinois Chicago and brings deep expertise in cybersecurity, data governance, AI/technology, global product strategy, and M&A integration to JLL’s board .

Past Roles

External Roles

Board Governance

• Independence: JLL’s board determined Patel is independent; all three standing committees consist solely of independent directors per SEC/NYSE standards .
• Committee memberships: Audit & Risk; Nominating, Governance and Sustainability (NGS) .
• Committee attendance and activity:
  • Audit & Risk: 9 meetings in 2024; 98% attendance by all members; charter includes oversight of enterprise risk, internal audit, auditor independence, cybersecurity, IT readiness; Patel is a member; committee includes several SEC-defined “audit committee financial experts” (Patel not designated as such) .
  • NGS: 4 meetings in 2024; 98% attendance by all members; all non‑employee directors are members; scope includes director nominations, board structure, ESG/sustainability oversight, and annual board performance review .
• Board meetings and executive sessions:
  • Full Board: 7 meetings in 2024; each director attended at least 80% of board and applicable committee meetings; non‑employee directors met in executive session at eight board meetings; Audit & Risk held eight executive sessions and Compensation held seven .
• Chair roles: Patel is not a chair; the non‑executive Chairman (Mehta) receives separate retainers and additional equity; all non‑employee chairs/members are independent .
• Governance practices: Majority voting, proxy access, annual elections, no poison pill, director education and annual self‑assessments (alternating external facilitator and anonymized questionnaire); approximately 63% of base board compensation paid in JLL stock; insider trading policy prohibits pledging/hedging of JLL stock .

Fixed Compensation

Director Compensation Structure (2024 policy components):

• Annual cash retainer: $115,000 (was $100,000 prior to June 1, 2024) .
• Committee fees: Audit & Risk member $10,000; NGS member $5,000; Chairs: Audit $25,000; Compensation $25,000; NGS $15,000 .
• Equity: Annual grant of JLL common stock valued at $200,000; Chairman receives an additional $110,000 in stock .
• No perquisites; no meeting fees; reimbursement of reasonable expenses; optional deferral of cash and equity via deferred compensation plan; directors may elect to receive cash retainers as stock .

Performance Compensation

JLL does not disclose performance metric-based compensation for non‑employee directors; equity grants are fixed-value and intended to align director interests with shareholders .

Other Directorships & Interlocks

• Compensation Committee Interlocks: None; no insider participation on Compensation Committee .

Expertise & Qualifications

• Cybersecurity and Data Governance: Senior leadership in security and collaboration at Cisco; oversight of enterprise security issues .
• Technology/Innovation/AI: Track record in cloud content management, collaboration technologies, and enterprise security; frequent AI speaker in industry/media .
• Global Business & Human Capital: Experience building/leading global cross‑functional product teams across markets and regulatory regimes .
• Finance/Accounting & ROI: Product portfolio resource allocation and ROI evaluation; strategic decisions aligning with financial objectives .
• M&A: Identification, evaluation, and integration of acquisition targets to extend portfolio and market reach .

Equity Ownership

• Non‑employee director stock ownership guideline: $575,000 of JLL stock within five years of first election; counts unvested RSUs and deferred shares; as of March 31, 2025, directors with ≥5 years of service exceed minimum; Patel’s holdings value exceeds guideline threshold based on $247.91 share price .
• Insider trading policy prohibits pledging, short sales, and derivatives in JLL stock; hedging strongly discouraged and requires pre‑clearance/justification .

Governance Assessment

• Board effectiveness and engagement: Patel’s dual committee service (Audit & Risk; NGS) positions him at the nexus of enterprise risk, cybersecurity, ESG/public policy, and board composition—areas material to investor confidence in a global services firm. Committee attendance was strong at the aggregate level (A&R 98%; NGS 98%), and board‑level attendance met the ≥80% threshold, with regular executive sessions evidencing healthy independent oversight .
• Independence and conflicts: The board’s annual independence assessment found no material relationships; JLL reported no related‑party transactions requiring Item 404(a) disclosure in 2024. Compensation Committee interlocks are explicitly absent—reducing pay‑setting conflicts .
• Alignment and incentives: Director pay is equity‑heavy (base board compensation ~63% in stock; fixed $200k annual stock grant) with no meeting fees or perquisites; Patel exceeds ownership guidelines—positive skin‑in‑the‑game signal. Anti‑hedging/anti‑pledging policy strengthens alignment and reduces red‑flag risk .
• RED FLAGS: None disclosed. No Section 16(a) delinquency, no related‑party transactions, no hedging/pledging permitted. Monitor for potential ecosystem interlocks given external role at Equinix and executive position at Cisco; current disclosures indicate routine/immaterial transactions and preserved independence .

Overall, Patel’s governance profile—cyber/AI expertise, risk oversight committee work, independence, strong ownership alignment, and clean conflicts/attendance record—supports board credibility in areas investors scrutinize for operational resilience and strategic execution .