Liberty Tire Recycling | 2023 Environmental, Social and Governance Report 52 OPERATING RESPONSIBLY Overview We aim to conduct our business ethically and with integrity because it is the right thing to do and because it mitigates business risks while fostering organizational resiliency. Responsible business operations also support our goal of building a strong relationship with our workforce and the communities in which we operate. Governance Structure Liberty Tire Recycling and its various entities are governed by Delaware corporate and partnership code. We are governed by a six person Board of Directors and General Partner level, with the CEO being one of the Board Members. All current Board Members were assigned in 2021 and have remained in place in 2023. We have a Board-level Audit Committee that reviews the yearly audit and other significant financial matters. Authority for daily oversight is delegated to the officers and senior management of the Company, who update the Board regularly. Risk Management is ultimately overseen by our Board of Directors but is led day-to-day by our General Counsel and Corporate Secretary, who reports to the CEO and the Board. The Corporate Secretary updates the Board on our risk management efforts at least quarterly and more often when circumstances require. In 2023, we appointed a Director of Insurance and Enterprise Risk Management, who reports directly to the General Counsel and Corporate Secretary, to advance our risk management initiatives. The Board of Directors and Officers of Liberty Tire Recycling exercise all their fiduciary duties (Duty of Care and Duty of Loyalty) with the utmost diligence. To ensure that board directors act in an ethical and independent manner, members are required to undergo annual ethics, conflicts of interest, and business code of conduct training. Board members ensure that stakeholder feedback from sustainability materiality assessments are thoroughly reviewed and implemented in committee meetings and actions. Tyler Reeder, Managing Partner at Energy Capital Partners (ECP), is the highest ranking individual from ECP and therefore acts as the Chairman of the Board at Liberty Tire Recycling.
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