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CODE OF ETHICS
ESS is committed to attaining the highest ethical standards in the conduct
of its business and in interactions with its customers, suppliers, competitors
and the public. The Company’s Code of Ethics sets forth policies reflecting
these values and provides information and resources available to assist
in applying the Company’s ethical standards. For more information,
see the Code of Ethics
COMMITTEES OF THE BOARD OF DIRECTORS
The ESS Board of Directors has a standing Audit Committee, Compensation
Committee and Corporate Governance and Nominating Committee.
Audit Committee
The Audit Committee, composed entirely of independent directors, helps the
Board oversee the Company’s accounting and reporting practices. It
appoints, compensates, oversees, evaluates and replaces, if necessary, the
independent auditors; monitors the adequacy of internal accounting practices,
procedures and controls; reviews all significant changes in accounting policies;
and establishes procedures for the confidential and anonymous receipt, retention
and treatment of complaints regarding the Company’s accounting, internal
controls and auditing matters. For more information, see the Audit
Committee Charter.
Compensation Committee
The Compensation Committee, composed entirely of independent directors,
reviews the philosophy and policy regarding the compensation and benefits
for the Company’s key executive officers and other compensation matters.
The Committee also administers the Company’s stock purchase and equity
incentive plans and makes recommendations to the Board of Directors regarding
such matters. For more information, see the Compensation
Committee Charter.
Corporate Governance and Nominating Committee
The Corporate Governance and Nominating Committee, composed entirely of
independent directors, is responsible for overseeing corporate governance
matters, reviewing possible candidates for Board membership and recommending
nominees for election. The Committee is also responsible for evaluating
the function and performance of the Board and overseeing the process for
performance evaluation of the Committees of the Board. Additionally, the
Committee reviews the Company’s management succession plans and executive
resources. For more information, see the Corporate
Governance and Nominating Committee Charter.
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