Growing our business means looking beyond the bottom line. Practices that help to ensure integrity, compliance and the protection of data, while engaging with our industry and our Board, help to drive sustainable growth today and into the future.
Maintaining a sound corporate governance structure is central to fulfilling Atlas Air Worldwide’s mission of being our customers’ first choice and most valued partner. Our corporate governance program is characterized by complete transparency, which helps build and sustain public trust in our Company.
Our Board consists of 10 Directors, nine of whom are independent, as of December 31, 2021. Each independent Director serves on at least one Board committee. Our Committee Charters serve to fulfill the Board’s responsibilities through smaller, more focused subsets of Directors.
We endorse the concept of Board and Committee refreshment, which has resulted in the election of several new Board members over the last five years and the rotation of the Chairman of the Board and the Chairs of our three standing Committees over the last two years. In 2021, Atlas was honored by the Women’s Forum of New York along with 243 companies from the S&P and Fortune 100 for achieving 35% or greater female representation on their corporate boards. Atlas has exceeded this goal, reaching 40% gender diversity.
gender Board diversity
racial/ethnic Board diversity
At Atlas, being a trusted partner means upholding an unwavering commitment to the highest level of legal and ethical conduct, honesty and integrity. As such, Integrity is one of our core values – we are honest, fair and transparent.
Our Employee Handbook and Code of Conduct (Handbook) outlines the basic employment policies and practices that govern day-to-day activities. We routinely review and conduct a comprehensive update of our Handbook to maintain compliance with applicable laws and to ensure we are following current best practices. We recently completed a comprehensive review of the Handbook to ensure it reflects best practices and recent developments, including pandemic-related requirements and relevant changes.
We also maintain our Code of Ethics Applicable to the Chief Executive Officer, Senior Financial Officers and Members of the Board of Directors. This Code addresses Officers’ and Directors’ responsibilities for honest and ethical conduct, avoiding and reporting conflicts of interest, and compliance with all governmental laws, rules and regulations. Our Board’s Audit and Finance Committee oversees this Code and related-party transactions.
Atlas Air Worldwide’s business is built on safety, security and compliance. We regard legal and regulatory compliance and cooperation with regulatory authorities as core responsibilities.
Given our position in the global air cargo industry, Atlas is subject to a complex web of U.S. and international legal frameworks, regulatory requirements and industry standards. First and foremost, we comply with all laws and regulations applicable to us. We believe our compliance programs and partnership with regulatory bodies enhance our industry-leading compliance. Examples of how we are leading with compliance best practices:
Atlas is committed to applying a strong governance and control environment for all aspects of our business, and that includes the areas of business resiliency, data privacy and cybersecurity.
In the air and on the ground, the operational integrity of our information systems is critical to the continuity and reliability of our business. We configure our information systems to be resilient and redundant, and we support them with an equally fault-tolerant data center and network environment with the objective of maintaining constant operations.
Atlas is a recognized leader and innovator in cybersecurity and data privacy. Examples include:
We regularly engage with global, national and local policymakers to advocate on behalf of Atlas, the air cargo industry, and our key partners, customers and stakeholders. This includes actively collaborating with government officials on a range of policy and legislative issues.
Along with our industry partners, we are working with legislators and regulators across the U.S. to forge career pathways for new pilots, mechanical and technical personnel and other aviation services professionals. Additional priorities include: