{"id":972,"date":"2021-10-08T01:19:58","date_gmt":"2021-10-08T01:19:58","guid":{"rendered":"https:\/\/www.strlco.com\/?page_id=972"},"modified":"2022-09-01T10:43:21","modified_gmt":"2022-09-01T14:43:21","slug":"board-governance","status":"publish","type":"page","link":"https:\/\/www.strlco.com\/investor-relations\/corporate-governance\/board-governance\/","title":{"rendered":"Board Governance"},"content":{"rendered":"

[vc_section][vc_row top_padding=”100″ bottom_padding=”100″][vc_column width=”1\/1″][vc_column_text]<\/p>\n

Board of Directors<\/h2>\n

[\/vc_column_text]

<\/div>
<\/div>[vc_column_text]Our Board of Directors (the “Board”) oversees company performance and strategy and provides guidance for the development and implementation of company policies. The Board also establishes standards for Board structure, independence and qualifications of directors, director responsibilities, director resignation standards, Board procedures, director compensation, director continuing education, CEO evaluation, succession planning, and annual Board and Committee evaluations.<\/p>\n

Our Board has adopted a formal set of independence standards with respect to the determination of Board independence based on the NASDAQ listing standards. Although Sterling\u2019s CEO serves on the Board, the Board Chair is an independent director. Since Sterling became a public company, the positions of chairman and CEO have remained separate.<\/p>\n

Shareholders annually elect all Board directors. In evaluating nominees for Board membership, the governance\/nominating committee strives to create an ethnically structured and successful Board by evaluating individuals who have experience relevant to the needs of Sterling, professional and personal integrity, business and\/or financial expertise, along with experience in the relevant industries, and a willingness to serve the interest of all shareholders. For Board and Committee meeting attendance detail, please refer to Sterling’s annual Proxy Statement.<\/p>\n

Our Board has Three Standing Committees:<\/strong><\/p>\n