TRC 2017 Sustainability Report TRC 2017 Sustainability Report | Page 22

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