Caterpillar, Inc. has a corporate governance program that ensures that they serve the interests of stockholders and other shareholders with the highest standards of responsibility, integrity and compliance with all laws. At Caterpillar, they strive to make their governance standards and principles transparent. The standards are guided by the Board of Directors and the Global Management Team. It was first published in 1974 and has been amended many times over the years in an effort to set a high standard for honesty and ethical behavior by their employees. They have also set a policy where the Board of Directors is fully independent, except for the Chairman, and they even have a compensation committee that is fully independent, as well. In order to avoid certain unethical acts, Caterpillar has a fully independent Audit Committee that has a financial expert as its Chairman. At Caterpillar, they are making great strides to do the right thing and that is evident in their corporate governance.
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