CORPORATE GOVERNANCE
The board structure of TRC Companies , LLC includes our CEO / Board Chairman , two directors from our principal owner Warburg Pincus LLC , and three independent directors . The Board has regularly scheduled quarterly meetings and has two active organizational committees governed by written charters
■ Audit Committee
■ Compensation Committee
In addition to the regularly scheduled quarterly meetings , the Board and committees hold additional meetings , as needed .
ESG issues are the focus of our biweekly ESG Committee meetings as well as a regular agenda item in our Board meetings . Our directors are engaged in the review of our environmental , social and governance risks and performance , in conformance with Warburg Pincus ’ ESG Program .
Consistent with Principle 15 of “ The Rio Declaration on Environment and Development ,” the executive team supports the use of the precautionary principle in its approach to risk management and strategic planning and policy implementation .
Our Business Code of Conduct states our commitment to properly respond to inquiries by government officials . Employees refer any governmental inquiries or notices to the Chief Risk Officer who is responsible for coordinating a full and timely response , including corrective actions if warranted .
Conducting Business with Ethics and Integrity
Our commitment to strict ethical standards contributes directly to the professional reputation of our Company . TRC ’ s approach to ethical business transactions is guided by our corporate Code of Business Conduct and Ethics . The Code is principles-based and assumes the application of professional judgment . Employees must complete required training on and acknowledge compliance with our Code .
The Board of Directors Audit Committee meets quarterly to discuss corporate compliance matters .
We have a fundamental commitment to treating our employees with the highest level of dignity and respect as communicated in our employee handbook . Discrimination against or harassment of our employees for any reason will not be tolerated .
We are committed to partnerships with suppliers that also share our dedication to conducting business in a legal , ethical and socially responsible manner .
Our Supplier Code of Conduct clarifies our expectations in the areas of business integrity , labor practices , human rights , employee health and safety and environmental management .
The TRC Ethics Hotline and EthicsPoint reporting website are resources for all employees and Suppliers . An ethics officer is accessible to our employees and partners .
62 2022 Sustainability Report