Board Committees
Our Board of Directors is chaired by Phillip R. Smith. Our Chief Executive Officer, Jason P. Wells, serves as a member of our Board but does not serve as a member of any of its standing committees.
Our Board meets throughout the year with each of the Board committees typically meeting at least four times during the year. In 2022, our Board met six times. Directors are expected to attend annual meetings of shareholders. The Board of Directors routinely meets in executive sessions, without members of management present, to consider matters requiring the Board’s attention.
The Board of Directors appoints committees of its members to help carry out its responsibilities. Currently, standing committees of the Board are the following:
Board Committee Composition
As of March 15, 2024
| BOARD MEMBER | AUDIT | COMPENSATION | GOVERNANCE, ENVIRONMENTAL AND SUSTAINABILITY |
|---|---|---|---|
| Wendy M. Cloonan | – | Member | Chair |
| Christopher H. Franklin | Member | – | Member |
| Raquelle W. Lewis | – | Member | Member |
| Thaddeus J. Malik | Member | Member | Member |
| Theodore F. Pound | Member | Chair | – |
| Ricky A. Raven | – | Member | Member |
| Phillip R. Smith* | Chair, Financial Expert | – | Member |
| Barry T. Smitherman | Member | Member | – |
|
Number of Meetings Held in 2022 |
7 | 4 | 5 |
*Independent Chair of the Board