Terex Corporation is committed to good corporate governance and to achieving strategic objectives while enhancing shareholder value over the long term. Our Board of Directors and management are committed to representing the interests of our shareholders and acting at all times in an ethical and professional manner. Terex has implemented policies and procedures that are designed to meet or exceed all applicable corporate governance requirements.
We are providing you with the charters of the Committees of our Board of Directors and certain other key corporate governance documents so that you can understand our corporate governance principles and our commitment to integrity and accountability. This includes our Code of Ethics and Conduct, which applies to Terex’s employees worldwide and reflects our expectation that all of our employees act at all times in a responsible, legal and ethical manner.
Institutional Shareholder Services (ISS) recently reviewed and rated Terex’s corporate governance profile and, according to ISS, Terex outperformed 90.4% of the companies in the S&P 400 Mid-Cap and 96% of the companies in the capital goods group. This is a testament to how seriously we take corporate governance at Terex and the policies and procedures we have implemented.
At Terex we realize that good corporate governance is a constant journey, and it is a journey on which we commit ourselves to remain focused.