TRC | 2017 SUSTAINABILITY REPORT
OPERATIONAL EXCELLENCE
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, 2017, the board structure consists of the Chairman/Chief
Executive Officer and two directors from our principal owner, New Mountain
Capital, and two independent directors. The Board has regularly scheduled
quarterly meetings and has two active organizational committees which are
governed by written charters:
■ ■ Audit and Risk Management Committee
■ ■ Compensation Committee
In addition to the regularly scheduled quarterly meetings, the Board and
committees hold additional meetings as needed.
Sustainability is an agenda item on our monthly executive team strategy calls
and our monthly management team status calls and our directors are engaged
in the review of our environmental, social and governance risks and performance,
in conformance with New Mountain Capital’s 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 in its strategic planning and policy
implementation.
NMC acknowledges the United Nations Responsible Investment Guidelines
(UNPRI) and supports American Investment Council’s Guidelines for Responsible
Investment.
In addition to New Mountain Capital’s strong focus on job creation and R&D
“ investment
as part of our growth and business building investment strategy,
we add ESG as part of our decision making process to encourage social and
environmental sustainability as well as strong corporate governance aiming to
improve the quality of our portfolio companies.
”
Ignacio Sarria, Managing Director, NMC ESG Program Lead
20