We’re dedicated to responsible corporate governance through strong accountability practices that uphold the public’s trust in the company while maintaining the interests of our shareholders.
Our comprehensive Code of Conduct and Corporate Governance Principles guide our Board of Directors and management in effective and ethical governance. We are committed to building a Board of Directors that brings to the table a diverse set of experiences, backgrounds and leadership skills. Our Board members sit on various committees, including:
Compensation and Leadership Development Committee
Governance and Nominating Committee
Strategy and Acquisitions Committee
At the end of FY2019, our Board of Directors consisted of 12 members, 10 of whom were independent, including a lead independent director. In addition, in February 2020, our lead independent director was given the additional role of vice chairman of the board. He will take on additional duties and responsibilities to assist the chairman with board matters, support the executive team on company matters and focus on key strategic initiatives. The board’s appointment reflects our commitment to sound governance to sustain the future of our company. Of the 12 members serving on the Board, there were three women and two minority members. During FY2019, one new director was appointed. Director compensation includes Tyson Foods stock. For more information about our Board of Directors and corporate governance measures, visit Investor Relations, Leadership and refer to our 2019 Proxy Statement.
Our approach to sustainability is multidimensional, and we maintain an integrated strategy that allows us to drive improvements in all areas of sustainability. This strategy is supported by our CEO, with oversight from our Board of Directors.
John R. Tyson, our Chief Sustainability Officer, who reports to our CEO and regularly interacts with the company’s Board of Directors, is responsible for leading and implementing our sustainability strategy. John is supported by a team of sustainability professionals who facilitate our goal-setting efforts, including actions to manage or mitigate risks, as well as the pursuit of continual improvement opportunities related to animals, communities, the environment, food and the workplace.
Our sustainability governance structure is bolstered by internal senior leaders who serve as sustainability champions for each of our business operating segments. With support from procurement, engineering, sustainability, environmental services, human resources and other key corporate functions, these leaders are responsible for developing and launching activities that support the company in achieving our sustainability goals and commitments. Our Chief Sustainability Officer shares regular progress updates with the Governance and Nominating Committee of our Board of Directors.