ACCOUNTABILITY
We take responsibility for all of our
decisions and actions.
G4-34
OUR GOVERNANCE STRUCTURE AND COMMITMENTS
Our corporate governance framework ensures accountability, fairness, and
transparency in our relationship with our stakeholders. Our board members
provide strategic guidance while adhering to sound corporate governance
practices. As of July 1, 2014, the Board structure consisted of the Chairman/
Chief Executive Officer and seven independent directors. Board diversity is a
recognized opportunity for improvement, and we have set a target to increase
the gender diversity of our Board of Directors in FY15.
The Board has regularly scheduled quarterly meetings and has three active
organizational committees:
• Audit Committee
• Compensation Committee
• Nominating and Corporate Governance Committee
In addition to the regularly scheduled quarterly meetings, the Board and
committees hold additional meetings as needed. Sustainability is a regular
agenda topic in our board meetings and our directors are engaged in the review
of our sustainability objectives, targets and overall performance.
24 | 2014 Sustainability Report