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Leadership
Our board of directors is committed to responsible and effective corporate governance. At least every other year, the board engages in healthy discussion and debate to ensure that governance practices truly make sense for TI in today’s business climate.
The directors are experienced and diverse in their backgrounds and thinking. Their combined strengths assist them as they oversee the company’s current and future strategy, performance, and plans for the next generation of TI leaders – keeping the best interests of our shareholders in mind.
During 2011, the current members of our board of directors continued to serve our company, including Steve MacMillan, who retired in February 2012. Eight of the current members are independent as defined by our governance guidelines and the NASDAQ Stock Market. Each director has an equal stake in the board’s actions and equal accountability to the corporation and to our stockholders.
The board is responsible for the oversight of our global business strategy. The board’s three standing committees oversee our company’s financial reporting integrity, executive officer compensation and overall corporate governance.
TI’s 15 executive officers lead various aspects of the company’s operations, including our major product lines. Directors interact with these officers at board meetings and strategic planning conferences. This practice facilitates the directors’ oversight efforts and also gives directors opportunities to evaluate our officers, aiding directors in succession-planning considerations.
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Citizenship Report Summary
See also
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