Our commitment to corporate governance goes beyond compliance with accounting rules, government regulations, and SEC requirements. We share information frequently and candidly through a variety of tools from news releases to social media. We meet regularly with investors to understand their concerns. We tie executive compensation strongly to financial performance. And we are governed by a Board consisting of twelve independent directors out of fourteen. Most importantly, a clear set of Corporate Values guides everything we do: Quality, Integrity, Performance, Leadership, Innovation, Independence, and The Individual. We live all seven, all the time, all around the world.
We recently implemented several changes to our governance based on feedback from shareholders, and we will keep the dialogue going in our quest for continuous improvement.