CMC 2022 Sustainability Report
  1. Governance
  2. Our Governance Structure
  3. Advancing Inclusion
diversity round

Advancing Inclusion

  • 2-17 Collective knowledge of the highest governance body
  • 405-1 Diversity of governance bodies and employees

We recognize that our continued success requires a diverse and inclusive culture across the organization. The Board actively seeks to feature a diversity of experiences, backgrounds and viewpoints across our management team.

When evaluating candidates for the Board, the Nominating and Corporate Governance Committee considers several factors, including their personal and professional backgrounds and other factors that promote diversity of thought, views and experience, such as

  • Race
  • Ethnicity
  • Gender
  • Sexual orientation
  • Age
  • Education
  • Cultural background

As of August 31, 2022, women comprise 60% of CMC’s executive leadership team and chair half of our Board committees.

The Women’s Forum of New York named CMC a 2021
Corporate Champion for having women occupy more than
40% of our Board seats.

Board of Directors Composition1

Female

44%

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Male

56%

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Executive Leadership Composition

Female

60%

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Male

40%

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1 Data as of August 31, 2022

Inclusivity in Corporate Governance

The following practices and features illustrate CMC's commitment to good corporate governance.

  • Board independence – eight out of nine directors are independent
  • Board diversity – 63% of our continuing directors and director nominees are ethnically or gender diverse.
  • Annual self-evaluations of Board and committees
  • Regular executive sessions of independent directors at Board and committee meetings
  • Independent lead director
  • Independent audit, compensation, finance and nominating and corporate governance committees
  • Annual advisory vote on executive compensation
  • Proactive Board refreshment with four new directors in the past three years
  • Preventing over-boarding – directors are limited to three other public company directorships
  • Ethics and compliance hotline – employees have access to a confidential, 24-hour service managed by an independent third party
  • Succession planning for senior leadership

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