Corporate Governance

Shareholders

Corporate Governance

Purpose
To establish and preserve management accountability to TreeFree’s owners by appropriately distributing rights and responsibilities among TreeFree Board members, managers, and shareholders.


To provide a structure through which management and the Board set objectives and monitor performance.


To strengthen and safeguard our culture of business integrity and responsible business practices.
To encourage the efficient use of resources, and to require accountability for stewardship of those resources.


Role of the Board of Directors
Shareholders elect the Board of Directors to oversee management and to assure that shareholder long-term interests are served. Through oversight, review, and counsel, the Board of Directors establishes and promotes TreeFree’s business and organizational objectives. The Board oversees the company’s business affairs and integrity, works with management to determine the company’s mission and long-term strategy, performs the annual CEO evaluation, oversees CEO succession planning, oversees internal controls over financial reporting, and assesses company risks and strategies for risk mitigation.


Board Committees
The Board established five committees:  Audit Committee,  Compensation Committee, Governance and Nominating Committee, and Finance Committee. Each committee is composed of 2 board members, the Company added an independent director. Each committee is responsible for the review and oversight of company activities in the areas designated in its charter.


Corporate Governance Guidelines
The Board of Directors is developed corporate governance policies and practices to help it fulfill its responsibilities. These policies are memorialized in the Corporate Governance Guidelines, to assure that the Board has the necessary authority and practices in place to review and evaluate the Company’s business operations and to make decisions that are independent of the company’s management. The Board routinely reviews evolving practices to determine those that will best serve the interests of our shareholders. The  guidelines are subject to future refinement or changes, as the Board finds necessary to achieve these objectives.
Read the complete guidelines here: Corporate Governance Guidelines

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