Corporate Governance
With good leadership, employee well-being and performance are enhanced, and consequently, organizations thrive and prosper.
Goals
Corporate governance at Track Group serves several purposes:
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Establish and preserve management accountability to Track Group owners by appropriately distributing rights and responsibilities among Track Group Board members, managers, and shareholders.
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Provide a structure through which management and the Board set objectives and monitor performance.
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Strengthen and safeguard our culture of business integrity and responsible business practices.
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Encourage the efficient use of resources, and to require accountability for stewardship of those resources.
Board Oversight
Shareholders elect the Board to oversee management and to assure that shareholder long-term interests are served. Through oversight, review, and counsel, the Board establishes and promotes Track Group’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 Chief Executive Officer evaluation, oversees CEO succession planning, establishes internal control over financial reporting, and assesses company risks and strategies for risk mitigation.
Policies & Guidelines
The Board of Directors has developed a corporate governance framework to help it fulfill its responsibilities to shareholders. Our governance policies are memorialized in guidelines to assure that the Board will have the 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 Board has four committees, each currently composed solely of independent directors.
Committees*
| Name | Audit Committee |
|---|---|
| Karen MacLeod | Chairperson |
| Karim Sehnaoui | |
| Peter Poli | Director |
*The entire Board of Directors will handle the duties of the Compensation and the Nominating & Corporate Governance Committees.
| Name | Audit Committee |
|---|---|
| Karen MacLeod | Chairperson |
| Karim Sehnaoui | |
| Peter Poli | Director |
*The entire Board of Directors will handle the duties of the Compensation and the Nominating & Corporate Governance Committees.
Track Group, Inc (TRCK)
Investor Inquiries
If you are an institutional or individual investor, or an individual shareowner with investor-related questions, please contact:
Equiniti Trust Company, LLC (“EQ”) – Stock Transfer Agent
48 Wall Street, Floor 23
New York, NY 10005
Jim Berg – Chief Financial Officer
Phone: (877) 260-2010