All of Arch and Corporate board members are elected annually. The board has three standing committees — Audit, Nominating & Governance, and Personnel & Compensation — all of which are comprised entirely of independent directors.
The Arch board meets in executive session — with only independent directors in attendance — on a regular basis. The board conducts annual self-evaluations at both the full board and individual committee levels.
The board provides critical oversight of the management team as well as the corporation’s comprehensive and robust enterprise risk management (ERM) system. In addition, the board is well-versed in environmental, social, and governance (ESG) issues, and such issues are regularly deliberated at board meetings.
Arch’s board is fully committed to the company’s vision of being a safe and environmentally responsible supplier of coal-based resources and to its other ESG initiatives, including community engagement and promoting a corporate culture of respect and inclusion.
The board provides critical oversight of the corporation’s comprehensive and robust enterprise risk management (ERM) system, and is committed to setting the tone at the top on environmental, social and governance (ESG) matters. The board is highly engaged and well-versed in ESG issues, and deliberates on ESG-related topics at every regularly scheduled board meeting. The board explicitly incorporated ESG into the company’s corporate governance guidelines given the critical importance of such matters to the company’s long-term success, and determined that oversight of ESG matters should be addressed by the full board rather than delegated to a specific board committee.
The company regularly conducts shareholder outreach on matters such as executive compensation, corporate governance, ESG responsibility and other current and emerging issues, and takes action on key learnings related to this outreach.
All employees, including the company’s officers and directors, are expected to follow our Code of Business Conduct. A compliance hotline is available to employees for reporting potential violations of the Code on an anonymous basis.