Governance

Targa seeks to operate our business responsibly and ethically, as we believe these principles are fundamental to achieving long-term success and maintaining alignment with the interests of our shareholders. Our governance policies and practices form a robust framework that are designed to enable us to effectively fulfill our responsibilities to shareholders.

2023 Performance Highlights

Governance Highlights Infographic

Ethics and Integrity

At Targa, we seek to operate our business with integrity. Our Code of Conduct guides us in achieving high standards of ethical business conduct. Our commitment to these standards is designed to help us hire talented and ethical individuals, build high-quality assets, and attract loyal customers and business partners.

We provide a formal anonymous whistleblower system with legal protections to report potential ethics and compliance issues. Issues can be reported by phone (1-833-TELLTRC (1-833-835-5872)) or online (www.targaresources.ethicspoint.com).

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Shareholder Engagement

Targa’s management team and several members of our Board of Directors engage with our shareholders to provide updates on business performance, sustainability, and other important topics while also receiving valuable feedback. Throughout the year, we discuss our business strategy and performance, corporate governance, sustainability, executive compensation, and other subjects with our shareholders.

Corporate Governance

Our corporate governance practices and policies provide an essential framework to assist Targa’s Board of Directors in fulfilling its duties to shareholders. The framework for our corporate governance can be found in our Code of Conduct, Corporate Governance Guidelines, and Code of Ethics. Our corporate governance practices and policies are reviewed and updated regularly by our Board of Directors. Our Corporate Governance Guidelines are reviewed periodically by the Nominating & Governance Committee.

Code of Conduct Corporate Governance Guidelines Code of Ethics

Please read our most recent definitive proxy statement for more information regarding our corporate governance practices.

2024 Proxy Statement

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Cybersecurity

Our cybersecurity program is designed to follow the National Institute of Standards and Technology (NIST) Cybersecurity Framework, as well as supplemental guidance for operational technologies. We endeavor to follow federal and state regulatory guidance and regulations and have adopted internal policies and standards that we believe are in alignment with these requirements.

Our program is designed to be comprehensive in scope and to cover Targa’s general corporate Information Technology (IT) systems and the Operational Technology (OT) systems supporting our various lines of business.

We are committed to advancing the ongoing, real-time management of cyber and digital protections. This initiative is crucial as Targa continues to embed and leverage digitization, requiring us to stay vigilant and proactive in safeguarding our digital assets.