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The Board of Directors and the Management of NewMarket Corporation firmly believe that sound and successful business practices are based on transparency in financial reporting, as well as in the way daily business is conducted. The foundation of the Company’s success is built on integrity. A clearly defined governance policy emphasizing transparency and integrity is the blueprint for the operation. The responsibility of governance is with the Board of Directors.
In addition to guiding the Management with the strategic course for the corporation, the Board actively participates in all major corporate decisions and monitors the management’s performance. The board also regularly reviews legal compliance programs and the programs for identifying and controlling risks.
To carry out these responsibilities the board must stay well-informed regarding NewMarket’s businesses and operations. Quarterly board meetings, as well as committee meetings throughout the year, are structured to allow management to provide the board with that information—not only to evaluate current performance, but to assess the impact of new developments and potential plans affecting the future of the company. The Board has complete and free access to NewMarket’s Management and are encouraged to make regular contact
NewMarket is fortunate to have a dedicated and experienced board whose members continue to provide strategic and ethical leadership to the company.
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