The Barnes Board of Directors is the Company’s highest governing body. The Board exercises governance over ESG through standing Audit, Compensation and Management Development, Corporate Governance, and Executive Committees.
The Audit Committee reviews and discusses with management the ESG reporting process, climate-related metrics, and management’s evaluation of the adequacy and effectiveness of controls for related disclosures.
The Compensation Committee directs the Company’s efforts to seek, develop, and retain human capital appropriate to support the ongoing transformation of the Company, drive business performance, foster diversity, equity, and inclusion, and support the successful execution of the Company’s growth strategy.
The Corporate Governance Committee exercises oversight over shareholder outreach and feedback concerning ESG.
Barnes established an ESG Steering Committee that includes our CFO, Controller, General Counsel, and VP Human Resources. Guided by its Charter, the Steering Committee monitors global public policy trends, regulatory matters, and other concerns related to ESG and enlists the support of key leaders from many functions within Barnes.