Governance

Leonardo DRS’s corporate governance practices help promote long-term value and strong Board and management accountability to our stakeholders. Our policies and practices reflect corporate governance initiatives that are compliant with the Nasdaq listing rules, SEC rules and regulations, and the applicable corporate governance requirements of the Sarbanes-Oxley Act and those applicable to us as a cleared U.S. defense technology company.

ESG Oversight

DRS’s board has established four committees to assist with its responsibilities: Audit Committee, Compensation Committee, Government Security Committee, and Nominating and Corporate Governance Committee. We seek to have a board that is diverse in experience, perspective, education, race, ethnicity, and gender.

Our Board of Directors oversees and monitors important governance issues, including risk management, Board composition and renewal, executive and Board compensation, ethics issues, cybersecurity and ESG matters.

In 2023, DRS conducted its first ESG materiality assessment. Priority ESG topics are overseen by senior members of the DRS leadership team, and managed by our Senior Vice President for Strategy, Sustainability and Corporate Development.

Ethics & Compliance

Leonardo DRS is committed to operating with the highest level of integrity. Our Code of Ethics and Business Conduct, accessible to all stakeholders, underpins our business dealings. We provide mandatory ethics training for all employees on an annual basis, covering compliance procedures, anti-corruption, and HSE. An Ethics Alertline is available 24/7, and a no-retaliation policy is in place to reinforce our ethical principles across the organization.

Our ESG efforts extend to our suppliers. Relevant environmental and social criteria are clearly laid out in DRS’s Supplier Code of Conduct.

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Corporate Governance Highlights

  • 89% Independent Directors
  • 100% Independent Committee Members
  • Lead Independent Director
  • Annual Board and Committee Evaluations
  • Director Overboarding Policy
  • Periodic Review of Committee Charters and Governance Policies
  • Regular Meetings of Independent Directors without Management Present
  • Published Corporate Responsibility Report
  • Formal CEO Evaluation Process
  • ESG Goals in Individual Performance Objectives
  • Stockholder Engagement Program
  • Stock Ownership Guidelines for Directors and Officers
  • Codes of Conduct for Directors, Officers and Employees
  • Succession Planning Process

Privacy & Cybersecurity

For more information, please see Leonardo DRS’s Privacy Policy and Form 10-K.

Values

Environmental

Social