At MTA, we recognize the critical role that our board of directors plays in shaping our company's strategic direction, decision-making processes, and overall governance. We are committed to fostering a diverse and independent board that reflects a wide range of perspectives, experiences, and backgrounds. We believe that board diversity and independence are key drivers of effective governance, innovative thinking, and long-term value creation.

To uphold our commitment to board diversity and independence, we have implemented the following initiatives:

Diversity in Composition

We actively seek to ensure diversity in the composition of our board of directors. This includes diversity in terms of gender, race, ethnicity, age, nationality, professional backgrounds, and skills. We believe that a diverse board brings a broader range of insights, experiences, and perspectives, leading to more robust discussions, better decision-making, and more effective oversight.

Nomination and Selection Process

We have implemented a rigorous and inclusive nomination and selection process for board members. This process considers a diverse pool of candidates and evaluates them based on their qualifications, skills, expertise, and commitment to our company's values. We prioritize transparency, fairness, and inclusivity in the selection process to ensure that qualified individuals from underrepresented groups have equal opportunities to serve on our board.

Independent Directors

We place a strong emphasis on independence within our board. We ensure that a significant majority of our directors are independent, meaning they have no conflicts of interest that could compromise their ability to act in the best interests of the company and its stakeholders. Independent directors provide unbiased perspectives, challenge assumptions, and contribute to effective governance and oversight.

Board Evaluation and Development

We conduct regular board evaluations to assess the effectiveness of our board's composition, dynamics, and performance. These evaluations help identify areas for improvement and ensure that our board continues to meet the highest standards of independence and diversity. We provide ongoing professional development opportunities for our directors to enhance their knowledge, skills, and understanding of emerging trends and best practices.

Inclusive Board Culture

We foster an inclusive board culture that values open dialogue, respect for different viewpoints, and constructive debate. We encourage all directors to actively contribute their unique perspectives and experiences, creating an environment where diverse voices are heard and respected. We believe that an inclusive board culture promotes better decision-making, innovation, and long-term value creation.

By prioritizing board diversity and independence, we aim to strengthen our company's governance, enhance our strategic decision-making, and ensure the interests of our stakeholders are well-represented. We recognize that a diverse and independent board is essential for driving sustainable growth, mitigating risks, and adapting to a rapidly changing business landscape.

At MTA, we are proud to have a board of directors that reflects the diversity of our employees, customers, and communities.