Corporate Governance Guidelines of Teledyne Technologies Incorporated
The following Corporate Governance Guidelines have been adopted by the Board of Directors (the "Board") of Teledyne Technologies Incorporated (the "Company") to assist the Board in the exercise of its responsibilities.
The Board's goals are to build long-term value for the Company's stockholders and to assure the vitality of the Company for its customers, employees and the other individuals and organizations who depend on the Company.
There shall be at least five regularly scheduled meetings of the Board each year. At least one regularly scheduled meeting of the Board shall be held quarterly.
Contact the TDY Sarbanes-Oxley Disclosure Committee
If you have any complaints about Teledyne's accounting, internal accounting or auditing matters you may choose one of the listed options to contact the Committee.
The Company shall have three standing committees: Audit, Nominating and Governance, and Personnel and Compensation. The purpose and responsibilities for each of these committees is outlined in committee charters adopted by the Board.
The Board shall be responsible for identifying potential candidates for, and selecting, the Company's Chief Executive Officer.
» Read the Audit Committee Charter
» Meet the Audit Committee
Nominating and Governance Committee
» Read the Nominating and Governance Committee Charter
» Meet the Nominating and Governance Committee
Personnel and Compensation Committee
» Read the Personnel and Compensation Committee Charter
» Meet the Personnel and Compensation Committee
Stock Ownership Guidelines
While Teledyne Technologies Incorporated has encouraged directors and key executives to own shares of Teledyne common stock, through compensation plans and otherwise, upon recommendation of the Nominating and Governance Committee, the Board of Directors is adopting the following stock ownership guidelines.
Related Party Transactions Policy
Teledyne Technologies Incorporated (the “Company”) recognizes that Related Party Transactions (as defined below) may raise questions among stockholders as to whether those transactions are consistent with the best interests of the Company and its stockholders. It is the Company's policy to enter into or ratify Related Party Transactions only when the Board of Directors, acting through the Nominating and Governance Committee (the “Committee”) or as otherwise described herein, determines that the Related Party Transaction in question is in, or is not inconsistent with, the best interests of the Company and its stockholders. Therefore, the Company has adopted the procedures set forth below for the review, approval or ratification of Related Party Transactions.