Page 11 - Martin Marietta - 2024 Sustainability Report

COMPANY OVERVIEW

Corporate Governance Serves as Our Foundation

Martin Marietta has a culture dedicated to ethical business disclosure with respect to climate change-related risks
behavior and responsible corporate activity. We believe and opportunities and other environmental issues
strong corporate governance is the foundation for • Has the authority to investigate any matter falling within
delivering on our commitments. its purview
• Reports to the full Board
Our Board of Directors • Regular refreshment of the Committee with a continued
focus on ensuring Board composition and skills are
As stewards of Martin Marietta, our Board plays an aligned with our strategy
essential role in determining strategic priorities and
considers sustainability issues an integral part of its These examples reflect the ways in which sustainability is a
business oversight. Our Corporate Governance Guidelines, priority in our risk oversight, strategic planning and
available on our website, set forth a flexible framework management, as well as the ongoing dialogue with our
within which the Board, assisted by its Committees, directs shareholders.
the affairs of Martin Marietta. The Board receives a report
from each of these Committees on its work relating to
sustainability matters. Importantly, as discussed in the next 50% Women or minorities represent 50%
section, the Board’s strategic review and risk assessments of our 2024 directors
also includes management’s sustainability goals, our
performance relating to sustainability and our engagement
8 OF 10 increasing refreshment and blending
with investors with regard to sustainability matters. 8 new directors in the past 10 years,
OUT
new ideas with experience
“These examples reflect the ways in
All Board members comply with our
which sustainability is a priority in Corporate Governance Guidelines,
our risk oversight, strategic planning 100% including those relating to overboarding;
alldirectors sitonnomorethanthree
and management, as well as the public company boards
ongoing dialogue with our 9.3
The average tenure of our directors is
shareholders.” 9.3 years
Years

Our Other Board Committees
Our Ethics, Environment, Safety and
In addition to our EESH Committee, we have established
Health (EESH) Committee
a number of Board Committees with overlapping
• Established in 1994 and meets at least four times annually responsibilities for sustainability matters. We believe this
approach has been effective in integrating sustainability as
• Committee charter codifies the Committee’s
responsibilities in light of our focus on EESH matters a core element of our corporate governance:
• Comprised wholly of independent directors, whose • Our Management Development and Compensation
members have relevant expertise to provide appropriate Committee sets formulaic goals for incentive pay that
oversight in helping us achieve sustainable growth and include sustainability metrics; also reviews matters
reduce our risks
relating to human capital management (HCM), diversity,
• Reviews our Sustainability Report and our sustainability inclusion, development, talent acquisition and retention,
performance commitments and goals, including capital and compensation matters related thereto
investments and improved practices that reduce
greenhouse gas (GHG) and other emissions • Our Audit Committee reviews our significant
• Reviews the input we have had from, and our environmental matters and assesses the potential risks
engagement with, investors on sustainability matters and liabilities they may pose to our business. The Audit
• Monitors our safety performance, Ethics Office activity, Committee also has oversight over technology and
and compliance with environmental laws and information security risks, including cybersecurity
regulations, as well as our public reporting and

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