We seek to operate our business responsibly, ethically, and in a manner aligned with the interests of our shareholders. Good corporate governance creates a business environment that is conducive to long-term investments and sustainable economic growth.
Fully independent Audit, Compensation, and Nominating and Governance Committees
25% of our Board of Directors are women
Non-management members of the Board of Directors regularly meet in executive session without the presence of the CEO or other members of management
10% of our bonus plan payouts are weighted to sustainability performance
Performance-based incentive awards or payments for our officers who are subject to Section 16 of the Exchange Act*
Corporate Governance Guidelines are periodically reassessed by the Nominating and Governance Committee
Annual self-evaluations are conducted by the Board to determine whether the Board and its Committees are functioning effectively
Women chairing two of our five Board Committees
75% of our Board of Directors are Independent
*Subject to clawback in the event of the restatement of financial results or other events that negatively impact Targa including personal misconduct that results in and adverse impact on our financial performance.
Ethics and Integrity
Integrity is fundamental to Targa’s business. Our integrity drives us to do the right thing. Our integrity, reputation, and long-term success depend on each Targa Team member’s actions. Our Code of Conduct guides us in achieving the high standards of ethical business conduct. Our commitment to these standards helps us hire great people, build high-quality assets, and attract loyal customers and business partners. It is the foundation of our success.
All employees, customers, vendors, stakeholders, and third parties can communicate concerns to our formal anonymous whistleblower system with legal protections by calling 1-833-TELLTRC (1-833-835-58722)