WE'RE EVER MINDFUL OF OUR FIDUCIARY RESPONSIBILITIES
We view sound corporate governance in accordance with all applicable laws, rules, regulations and policies as essential to creating and preserving shareholder value. We have an effective, independent-minded, highly skilled and diverse Board of Directors. Three standing committees of the Board provide high-level guidance on matters affecting our business, and our Sustainability Committee oversees ESG-related initiatives. Our Directors and Management conduct themselves in accordance with the highest moral and ethical standards, informed by a robust Code of Conduct that reflects our values, and promotes honesty, transparency, integrity and accountability.
We’ve taken great care to create a corporate governance structure that closely aligns with and protects shareholder interests. A majority our directors are independent, and all directors are elected for a one-year term, maximizing their accountability to our shareholders. Additionally, our Bylaws ensure that directors in uncontested elections must receive a majority of votes to be elected. We also prohibit directors or executives from pledging or hedging securities, and we have strict stock ownership guidelines, inclusive of share ownership thresholds, for both directors and named executive officers, further aligning their interests with those of our shareholders.