Corporate Governance As a company, we have high standards for employees, officers and directors. Implicit in this philosophy is the importance of sound corporate governance. Our Board of Directors hold a responsibility to serve as a prudent trustee for shareholders and to oversee the management of our business. We have eight members serving on the Board of Directors, who are responsible to our external stakeholders, including our shareholders. The Mission Produce Chief Executive Officer reports to the Board. The Chief Financial Officer and Chief Operating Officer, among others, report to the Chief Executive Officer. Our Board of Directors recognizes that one of its key responsibilities is to evaluate and determine its optimal leadership structure to provide effective oversight of management. The positions of chairman of the Board of Directors and Chief Executive Officer are historically and currently separated. Our Board of Directors believes that our existing leadership structure is effective, provides the appropriate balance of authority between
independent and non-independent directors, and achieves the optimal governance model for us and for our shareholders. We intend to comply with all applicable laws, rules and regulations and take measures to ensure that all applicable laws, rules and regulations are adhered to. Our senior executive officers are responsible for promoting compliance and accountability throughout the organization. This includes the prohibition of insider trading, promoting and conducting ethical behavior, keeping proprietary information confidential, and treating any stakeholders of the organization with fairness and respect. Our business is rooted in honesty, respect and loyalty. Therefore, all members of the Mission family are held to high behavioral and ethical expectations and are responsible for following the Mission Produce Code of Ethics and Conduct.
In addition, the Board of Directors’ three standing committees assist the Board in their oversight responsibilities in certain key areas:
The Audit Committee oversees the accounting and financial reporting processes within the company
The Compensation Committee oversees the discharge of responsibilities of the Board relating to the executive and director compensation
The Nominating and Corporate Governance Committee identifies individuals qualified to become Board members
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