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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.

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Fully independent Audit, Compensation, and Nominating and Governance Committees

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25% of our Board of Directors are women

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Non-management members of the Board of Directors regularly meet in executive session without the presence of the CEO or other members of management

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10% of our bonus plan payouts are weighted to sustainability performance

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Performance-based incentive awards or payments for our officers who are subject to Section 16 of the Exchange Act*

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Corporate Governance Guidelines are periodically reassessed by the Nominating and Governance Committee

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Annual self-evaluations are conducted by the Board to determine whether the Board and its Committees are functioning effectively

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Women chairing two of our five Board Committees

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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)


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Corporate Governance

We believe that sound corporate governance practices and policies provide an essential framework to assist the Board of Directors in fulfilling its duty 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 Guidelines are reviewed periodically by the Nominating and 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.

2021 Proxy Statement


Our cybersecurity program is based on the National Institute of Standards and Technology (NIST) Cybersecurity Framework. Targa follows federal and state regulatory guidance and regulations and adopts internal policies and standards in alignment with these requirements. Our program is comprehensive in scope and covers all of Targa’s general corporate Information Technology (IT) systems and the Operational Technology (OT) systems supporting our various lines of business. Our senior leadership team and the Audit Committee receive regular and recurring program updates, metrics, and roadmaps to promote the program’s effectiveness and ensure alignment with Targa’s business objectives.

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