b'OPERATING WITH INTEGRITY CORPORATE GOVERNANCEmarket needs and guide our advancements Our CEO and Senior Leadership Team, reporting toin technology and innovation. The Corporate the Board of Directors, are responsible for the day- Governance and Nominating committees are focused to-day conduct of the Companys business, includingon recruiting diverse and highly qualified members directing our strategy and reviewing performance onfor our Board of Directors.our priority sustainability or ESG topics. Additionally,Since FY18, we have added two female board the Board of Directors provides oversight regardingmembers, increasing female representation of our certain sustainability and ESG initiatives.Board to 25 percent, which is notable for our industry. We have attracted and built a strong, qualified BoardOur Board is committed to providing oversight of Directors whose members have expertise relevantof the companys strategy and performance in an to our business, are diverse in background, and whoeffective and constructive manner, with the goal of are deeply committed to operating ethically and withrepresenting the best interests of our shareholders integrity. Seven of eight directors are independentand balancing those with the interests of our other directors, the singular exception being our CEO.stakeholdersour customers, employees, and We recruit board members with experience in ourregulators.industries, as well as diverse skills, to help us withKey corporate governance policies and practices are emerging and regulatory issues, navigate changingavailable on our website. GOVERNANCE & ETHICS PERFORMANCEBOARD COMPOSITION FY17 FY18 FY19Board Size (Number) 8 9 8Board Independence (%) 88 89 88Independent Board Chair (Yes/No) Yes Yes YesBoard Diversity - Gender (Female Representation, %) 0 11.1 25Board Diversity - Race (Minority Representation, %) 0 11.1 12.5Average tenure of members of the Board (Years) 9.0 10.0 7.75OWNERSHIP AND BUSINESS PRACTICEBoard seats up for re-election 3 3 3Board election frequency (Length of Term, Years) 3 3 327'