Page 12 - Martin Marietta - 2024 Proxy Statement

PROXY /

BOARD OF DIRECTORS

Responsible for risk oversight at the Company

Oversight of Designated Risks

BOARD COMMITTEES
Assist the Board in fulfilling its risk oversight
responsibilities. Each Committee regularly reports on
these matters to the full Board.

Management
Ethics, Environment, Nominating and
Audit Development and Finance
Committee Safety and Compensation Corporate Committee
Health Committee Governance Committee
Committee
Leads in oversight Monitors risks for Oversees aspects of Oversees aspects of Evaluates risks
of risks related the Company in risk related to the risk related to associated with
financial reporting, key areas of Martin annual performance the composition of the Martin Marietta’s
financial statements, Marietta’s sustainability succession planning and performance and best capital structure, External Advisors
Board and its
evaluation of our Chief
including
Committees, Board
program, including
internal control
Executive Officer,
PROXY HIGHLIGHTS audit, cybersecurity and climate change, ensuring that executive corporate governance. liquidity risks
health, safety,
environment, internal
credit and
audit, independent
the environment
practices in
compensation is
and accounting
as well as the
appropriate to meet
Martin Marietta’s
Company’s ethics
processes.
objectives. Provides
program.
oversight of
human capital
management risks.
Reporting Oversight and Advice
Management
While the Board oversees Martin Marietta’s risk
management, the executive officers are responsible
for the day-to-day risk management processes. We
believe this division of responsibilities is the most
effective approach for addressing the risks facing
our Company and is appropriate whether the
positions of Chair and Chief Executive Officer
are separate or held by the same
individual.

6 2024 PROXY STATEMENT