Our Board of Directors seeks to ensure that the Board is composed of members whose experience, qualifications, attributes, and skills, when taken together, will allow the Board to satisfy its oversight responsibilities effectively in light of the Company’s business and the laws and stock exchange rules that govern its affairs. We have no minimum qualifications for director candidates. In general, however, our Board will review and evaluate both incumbent and potential new directors to achieve diversity of skills and experience among our directors so that our Board has an effective mix of technical, financial, operating, and management experience. Our Board has adopted corporate governance principles to guide the Company and the Board on various governance matters, and these principles task the Nominating and Corporate Governance Committee of the Board with establishing criteria for the selection of potential directors, taking into account the following desired attributes: Leadership, Independence, Interpersonal skills, Financial acumen, Business experiences, Industry knowledge, and Diversity of viewpoints.
We have a long-standing policy of keeping our Board relatively small. We also believe that our Board should be comprised predominantly of independent directors from diverse backgrounds external to the Company, but should nevertheless include the insight and judgment of our senior management. Our Board has no specific requirements regarding diversity but believes that its membership should reflect a diversity of experience, gender, race, ethnicity, and age. Our Board is currently 33% female, 50% ethnically diverse, and 83% female and ethnically diverse. In assessing the experience, qualifications, attributes, and skills that led our Nominating and Corporate Governance Committee and Board to conclude that each director has the appropriate qualifications to serve as a director of the Company.
Read the ADTRAN Board of Directors Bios
Our Board of Directors is committed to having sound corporate governance principles. Such principles are essential to running our business efficiently and to maintaining our integrity in the marketplace. Our governance framework includes the following features:
Nominating and Corporate Governance Committee
Learn more about ADTRAN's Committee
Code of Business Conduct & Ethics
Corporate Governance Principles
Global Anti-Corruption and Anti-Bribery
Supplier Code of Conduct
Our business involves substantial risks. Any of the risk factors described in our 2020 10-K report could significantly and adversely affect our business
prospects, financial condition and results of operations. The risks described are not the only ones facing us. Additional risks and uncertainties not presently
known to us or that we currently deem to be immaterial may also adversely affect us.
Review the Risk Factors section of the 2020 10-K report