GoDaddy 2023 Sustainability Report: About GoDaddy | Corporate Governance

NORTHAMPTON, MA / ACCESSWIRE / May 20, 2024 / GoDaddy

Foto: Accesswire

Originally published in GoDaddy's 2023 Sustainability Report

Corporate Governance

We're committed to generating value and earning trust.

Delivering on our mission requires a strong foundation of effective management, oversight, and accountability. We maintain governance policies and practices designed to support long-term value creation, help us earn our stakeholders' trust, and enable us to remain competitive in our dynamic operating environment.

Our Board of Directors

Our Board of Directors provides oversight of the long-term strategic, financial, and organizational company goals. The Board has three standing committees: the Audit and Finance Committee, the Nominating and Governance Committee, and the Compensation and Human Capital Committee. Each committee operates under a written charter outlining the committee's purpose, responsibilities, and procedures. Additionally, the Board and each committee operate in accordance with GoDaddy's Corporate Governance Guidelines. The Corporate Governance Guidelines reflect the Board's commitment to a system of governance that enhances corporate responsibility and accountability and assist the Board in implementing effective corporate governance practices. Each year, the Board reviews the guidelines, with the company's other governing documents and related policies, to assess their effectiveness as part of an annual governance review.

The Board and each of its committees also undertake an annual self-assessment process to evaluate the effectiveness of the Board and its committees. In addition, the Board and each committee conduct an annual evaluation to consider their effectiveness, composition, and mix of director skills, experience, and expertise in light of the company's strategy and performance. The results of the annual governance review and these annual evaluations are discussed and evaluated to determine whether changes may be appropriate in any given year.

The Board delegated key oversight responsibilities to each of the Audit and Finance Committee, the Nominating and Governance Committee, and the Compensation and Human Capital Committee, all of which report back to the Board regularly on topics reviewed during their respective meetings.

For more information on the responsibilities of our Board and committees, please review our Corporate Governance Guidelines, committee charters, and Proxy Statement on our Governance page.