Good governance enables everything we do.
After the WillScot Mobile Mini merger, our combined Board of Directors created a roadmap to redirect the company’s governance practices toward propelling our growth strategy. This started with immediately modifying the Nominating and Corporate Governance Committee charter to establish and provide oversight for our ESG strategy and accompanying initiatives.
Additional highlights include conversion of all prior outstanding common stock classes to a single class of Common Stock and a recommendation to immediately declassify the Board structure. Details on these and other enhancements to our governance strategy can be found in the 2022 Proxy statement. The Board continually reviews and updates its policies to pursue high standards of corporate governance.
We updated our Board’s Governance Charter, which now specifically seeks diverse candidates for Board seats. As a result of this work, we are happy to have welcomed two new individuals to our Board: Rebecca Owen, who sits on our Compensation and Nominating and Corporate Governance Committees and has held executive leadership roles and board positions at several corporations spanning real estate, capital management, and non-profits, and Erika Davis, who sits on the Compensation Committee and who brings extensive experience in operations, logistics, and human capital management.
This takes the gender diversity of our Board composition from 18% to 36% over the course of the last year. Not only do these new directors represent our commitment to creating a more diverse Board; they also bring strong experience to our key areas of Board enhancement.
Managing Enterprise Risk
WillScot Mobile Mini is dedicated to enterprise risk management practices that encompass all levels of our organization.