TRC 2018 Sustainability Report TRC 2018 Sustainability Report | Page 21

OPERATIONAL EXCELLENCE Our corporate governance framework ensures account- ability, 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, 2018, the board structure consists of the Chairman/Chief Executive Officer and three directors from our principal owner, New Mountain Capital, and three independent directors. The Board has regularly scheduled quarterly meetings and has two active organizational committees governed by written charters: ■ ■ Audit and Risk Committee ■ ■ Finance 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 execu- tive 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. 19