The organization and its reporting practices 2-8 Workers who are not employees
a. (i) 600 contractors (temporary workers) were retained during the reporting period. (ii) Contractors were retained via local employment agencies. (iii) Contractors were principally engaged packaging products at company production facilities. b. Numbers are in FTE (40 hrs./wk.); some may convert, others are seasonal, and none are on benefits. c. Numbers may fluctuate due to seasonality.
Governance 2-9 Governance structure and
a. The reporting entity, Novolex Holdings, LLC (“Novolex”), is majority owned
composition
and controlled by affiliates of Apollo Global Management through a holding company structure in which the Board Directors of our ultimate parent company
c. (vi)
Confidentiality
Novolex is privately held and this
constraints
information is not a matter of public record.
is our highest governance body. See also, Governance, p.7. b. Governance, p. 7 c. Governance, p. 7; The Board includes one independent member who is female. 2-10 Nomination and selection of the
a. The members of the Board were nominated by the principal shareholders. The
highest governance body
members of the committees of the Board were selected by the Board. b. The criteria for nominating and selecting the members of the Board took into consideration: (i) the views of stakeholders (including shareholders); (ii) diversity; (iii) independence; and (iv) competencies relevant to the impacts of the organization.
2-11 Chair of the highest governance
a. Governance, p. 7
body
b. The Chair of the Board is also the Chief Executive Officer and responsible for oversight of daily operations. He brings to both roles extensive experience in packaging. Any potential conflicts of interest are mitigated through oversight provided by other members of the Board.
2-12 Role of the highest governance
a. Governance, p. 7
body in overseeing the management
b. Governance, p. 7
of impacts
c. Governance, p. 7
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