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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
Data and Security
Privacy protection is a strategic priority for our team. We have established strong governance measures to protect customer information, privacy and security, as well as ensure compliance with privacy legislation. A combination of the right technology, consistent monitoring, reporting and response, audit compliance and user training allows us to protect our systems and data with confidentiality, integrity and availability.
Our Information Technology team classifies all threats as internal or external, constantly identifying and monitoring potential threats with advanced security devices and software placed at our network’s entry and exit edges. We also use advanced threat analytic software installed on our servers and user workstations. We address security risks through perpetual auditing measures, identifying and analyzing security gaps, then memorializing them in a risk register. We calculate risk using a combination of industry standards and proprietary methodologies, adapting our remediation efforts depending on the risk level. Additionally, our entire workforce is educated through continual user awareness training.
We currently comply with the California Consumer Privacy Act (CCPA) and the General Data Protection Regulation (GDPR). As a recently public company, we are subject to certain laws and regulations applicable to public companies, including those of the Securities and Exchange Commission (SEC) and NASDAQ.
Attributable to management’s leadership and vision, we have reported zero data breaches across our systems to-date. Our approach to cybersecurity is borderless and autonomous, allowing us to develop and deploy adaptive, cutting-edge, business-enabling security technologies across our assets worldwide. Our progressive approach to cybersecurity enhances our ability to reach milestones increasingly easier, quicker and safer.
