Governance Highlights

  • Annual Election of Directors
  • Resignation Policy for Directors who Fail to Receive a Majority Vote
  • All Directors are Independent except for the Chairman (86%)
  • Diverse and Highly Skilled Board that Provides a Range of Viewpoints
  • Independent Audit, Compensation and Nominating, Governance and Sustainability Committees
  • Executive Sessions of Independent Directors after each Board Meeting led by the Lead Independent Director
  • Annual “Say-on-Pay” Advisory Vote
  • Anti-Hedging/Anti-Pledging Policies for Directors, Officers and Certain Employees

Corporate Governance

The Board of Directors and management of CTS recognize the importance of robust corporate governance policies and practices. Our corporate goverance policies and practices are designed to create an environment of effective oversight and strong accountability, which in turn helps to safeguard our reputation and protect the long-term interests of our shareholders, employees and other stakeholders.

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Code of Ethics

CTS has adopted a Code of Ethics that applies to all CTS employees and non-management directors. The Code of Ethics includes ethical standards concerning conflicts of interest and potential conflicts of interest. The Code of Ethics also includes our policies prohibiting workplace harassment and discrimination, compliance with anti-corruption, antitrust and trade laws, policy against insider trading and stock tipping and requirements addressing the accurate and timely reporting of the Company’s financial information. All of our employees are trained annually on the Code of Ethics.

CTS, through a third-party provider, maintains an Ethics and Compliance Hotline which may be used to report violations of the Code of Ethics and other misconduct. Reports can be made over the phone or through the third-party provider’s website. The Ethics and Compliance Hotline is available 24/7, permits anonymous reporting and supports reports in applicable local languages.

The Audit Committee is responsible for reviewing compliance with the Code of Ethics and reviews any potential conflict of interest involving an executive officer.

Data Security and Privacy

CTS maintains a cross-functional committee dedicated to the oversight and continuous advancement of cyber security, data protection and privacy policies, procedures, controls and technology solutions. This committee helps ensure our facilities have the technology, resources and information necessary to comply with all applicable data security and privacy requirements.

We are committed to protecting the privacy and security of the personal data of our employees, business partners, and other stakeholders. We maintain a cross-functional team that provides oversight on security and privacy topics. We process data in accordance with all applicable

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Sustainable Supply Chain

We understand that we have a responsibility to help shape not only a smarter future—but one that is more sustainable for future generations. We expect our business partners to embrace that same philosophy. As a result, our suppliers are expected to conduct business with us in accordance with our Supplier Code of Conduct.