Corporate governance fact sheet
Corporate governance information | Current | 2018 | 2017 | 2016 | 2015 | 2014 |
---|---|---|---|---|---|---|
Size of board of directors | 12 | 12 | 13 | 13 | 13 | 13 |
Number of independent directors | 11 | 11 | 12 | 12 | 12 | 12 |
Annual review of board independence | Yes | Yes | Yes | Yes | Yes | Yes |
Separate chairman and CEO | No | No | No | No | No | No |
Lead independent director | Yes | Yes | Yes | Yes | Yes | Yes |
Board diversity (as to gender, ethnicity, experience and skills) | Yes | Yes | Yes | Yes | Yes | Yes |
Independent directors hold meetings without management present | Yes | Yes | Yes | Yes | Yes | Yes |
Corporate responsibility and sustainability report | Yes | Yes | No | No | No | No |
Board orientation / education program | Yes | Yes | Yes | Yes | Yes | Yes |
Corporate governance guidelines | Yes | Yes | Yes | Yes | Yes | Yes |
Charters for board committees | Yes | Yes | Yes | Yes | Yes | Yes |
Independent audit committee | Yes | Yes | Yes | Yes | Yes | Yes |
Financial experts serving on audit committee | Yes | Yes | Yes | Yes | Yes | Yes |
Disclosure committee | Yes | Yes | Yes | Yes | Yes | Yes |
Independent corporate governance and nominating committee | Yes | Yes | Yes | Yes | Yes | Yes |
Independent compensation committee | Yes | Yes | Yes | Yes | Yes | Yes |
Independent finance committee | Yes | Yes | Yes | Yes | N/A | N/A |
Policy for retention of independent auditors | Yes | Yes | Yes | Yes | Yes | Yes |
Disclosure committee for financial reporting | Yes | Yes | Yes | Yes | Yes | Yes |
Annual board evaluation required | Yes | Yes | Yes | Yes | Yes | Yes |
Majority vote for election of directors | Yes | Yes | Yes | Yes | Yes | Yes |
Proxy access bylaws | Yes | Yes | Yes | No | No | No |
Shareholder ability to call special meetings | Yes | Yes | No | No | No | No |
Shareholder ability to act by written consent | No | No | No | No | No | No |
Annual "say on pay" votes on executive compensation | Yes | Yes | Yes | Yes | Yes | Yes |
Corporate compliance program | Yes | Yes | Yes | Yes | Yes | Yes |
Insider trading policy | Yes | Yes | Yes | Yes | Yes | Yes |
Business code of conduct and ethics for directors | Yes | Yes | Yes | Yes | Yes | Yes |
Executive compensation clawback policy | Yes | Yes | Yes | Yes | No | No |
Independent compensation consultant | Yes | Yes | Yes | Yes | Yes | Yes |
Management succession program | Yes | Yes | Yes | Yes | Yes | Yes |
Policies on public policy advocacy and political contributions | Yes | Yes | Yes | No | No | No |