Governance Overview

The Board of Directors and management of CTS recognize the importance of robust corporate governance policies and practices. Our corporate governance 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.

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.

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 firmly believe that one way to deliver greater value to our customers, stakeholders and the communities in which we operate is to help shape not only a more connected future, but one that is mindful of the needs of 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 supply chain-related policies, including our Supplier Code of Conduct and our Conflict Minerals Policy.