Corporate Governance
At Hyster-Yale, oversight and consulting roles are reinforced by a corporate governance structure designed to ensure accountability, fiscal responsibility and the highest level of ethical conduct.
This corporate governance program has four key elements which have largely been in place for a decade or more:
- Strong, independent board of directors to ensure effective oversight
- Strong, independent nominating and governance committee to ensure a strong, independent board
- Strong, independent compensation committee to ensure responsible compensation
- Strong, independent audit committee to ensure accounting integrity
Colleen R. Batcheler
Senior Vice President,
External Affairs & General Counsel of Hormel Foods Corporation
James B. Bemowski
Retired Senior Advisor of Doosan Corporation
J.C. Butler, Jr.
President and Chief Executive Officer
NACCO Industries, Inc. and NACCO Natural Resources Corporation
Gary L. Collar
Retired Senior Vice President and General Manager at AGCO Corporation
Carolyn Corvi
Retired Vice President and General Manager – Airplane Programs of The Boeing Company (an aerospace company)
Edward T. Eliopoulos
Retired Partner, Ernst & Young LLP (public accounting firm)
John P. Jumper
Retired Chief of Staff, United States Air Force
Dennis W. LaBarre
Retired Partner, Jones Day (law firm)
H. Vincent Poor
Michael Henry Strater University Professor of Electrical Engineering at Princeton University
Rajiv K. Prasad
President and Chief Executive Officer
Hyster-Yale, Inc. and Hyster-Yale Materials Handling
Alfred M. Rankin, Jr.
Executive Chairman of Hyster-Yale, Inc.
Non-Executive Chairman of NACCO Industries, Inc.
Non-Executive Chairman of Hamilton Beach Brands Holding Company
Claiborne Rankin
Manager of NCAF Management, LLC, the managing member of North Coast Angel Fund, LLC (a private firm specializing in venture capital and investments)
Britton T. Taplin
Self-employed (personal investments)
David B.H. Williams
President and Partner, Williams, Bax, & Saltzman, P.C. (law firm)
= Member = Chair = Financial Expert
Board of Directors
| |
Independent |
Audit Review |
Compensation |
Nominating & Governance |
Finance |
Planning Advisory |
Executive |
| Colleen R. Batcheler |
Yes |
Member |
|
Member |
|
|
|
| James B. Bemowski |
Yes |
|
|
|
Member |
Member |
|
| J.C. Butler, Jr. |
No |
|
|
|
Chair |
Member |
Member |
| Gary L. Collar |
Yes |
Member |
Member |
|
|
|
|
| Carolyn Corvi |
Yes |
Member |
Member |
Member |
Member |
Chair |
Member |
| Edward T. Eliopoulos |
Yes |
Chair |
Member |
|
|
|
Member |
| John P. Jumper |
Yes |
Member |
Chair |
Member |
|
|
Member |
| Dennis W. LaBarre |
Yes |
Member |
|
Chair |
Member |
Member |
Member |
| H. Vincent Poor |
Yes |
|
Member |
Member |
|
|
|
| Rajiv K. Prasad |
No |
|
|
|
|
|
|
| Alfred M. Rankin, Jr. |
No |
|
|
|
Member |
Member |
Chair |
| Claiborne Rankin |
No |
|
|
|
Member |
|
|
| Britton T. Taplin |
Yes |
|
|
|
Member |
|
|
| David B.H. Williams |
No |
|
|
|
Member |
|
|
Director Independence Standards
These standards are considered by the Board of Directors of Hyster-Yale, Inc. in determining whether individual directors qualify as "independent" under the Rules of the New York Stock Exchange.
Standards