2024 SAIC Corporate Responsibility Report: Corporate Governance

Rhea-AI Summary

SAIC's 2024 Corporate Responsibility Report highlights the company's strong corporate governance practices. The report emphasizes SAIC's commitment to integrity, innovation, and inclusion. Key points include:

- SAIC's Board of Directors consists of 11 members, with 10 being independent.
- The Board is chaired by Donna Morea, a non-executive director.
- 45.5% of Board members identify as women, and 54.5% as men.
- Four Board members self-identify as from underrepresented races or ethnicities.
- The Board adheres to strict ethical standards and undergoes regular evaluations.
- SAIC has an Artificial Intelligence Council to ensure responsible use of AI.

The report underscores SAIC's dedication to transparency, accountability, and ethical business practices in service of its shareholders, employees, customers, and other stakeholders.

Positive

• Strong board diversity with 45.5% women and 54.5% men
• 10 out of 11 board members are independent
• Established Artificial Intelligence Council for responsible AI use
• Regular board evaluations and adherence to high ethical standards

Negative

• None.

2024 SAIC Corporate Responsibility Report

NORTHAMPTON, MA / ACCESSWIRE / October 16, 2024 / Core to our SAIC culture are our strong corporate values - integrity, innovation and inclusion. These beliefs drive how we operate every day for our shareholders, employees, customers and other stakeholders. We demand integrity, accountability, transparency and the highest ethical standards from the Board of Directors and every individual employee.

Corporate Governance

Strong corporate governance is core to SAIC's culture. We operate every day for our shareholders, employees, customers and other stakeholders. Our corporate governance goes further than simple compliance: It is about doing the right thing without exception.

Board of Directors

SAIC's Board of Directors governs the standards by which we operate and oversees our strategy, risk, operations and reporting. The Board sets expectations through several documents, such as the company's Corporate Governance Guidelines and Code of Conduct. You can find information about SAIC's corporate governance in our FY24 SAIC Proxy Statement, as filed with the U.S. Securities and Exchange Commission or on our Investor Relations website at investors.saic.com by clicking on Corporate Governance.

SAIC's Board has 11 members, 10 of whom are independent. Donna Morea, a non-executive director who is a woman, chairs the Board. As a leader in board diversity, members voluntarily disclose that 45.5% identify as women and 54.5% identify as men. Additionally, four Board members self-identify as from underrepresented races or ethnicities with three identifying as African American or Black, one as Hispanic or Latinx, one as two or more races or ethnicities; eight Board members identify as white.

The directors bring a variety of expertise, experience and viewpoints to the Board yet work as a team for the benefit of all SAIC stakeholders, aligning their interests to those of the company's shareholders. The Board adheres to director and executive stock ownership guidelines, and non-employee directors receive annual equity grants.

Board members believe in accountability for themselves, adhering to the highest ethical standards, and evaluating and improving their performance annually through:

• Required self-evaluations

• Required committee self-evaluations

• Review of the independence of the Board

• Orientation and education programs

• Continuing education in ethics and compliance

• Adherence to the standards in our Corporate Governance Guidelines

• Certification of the SAIC Code of Conduct

Learn more about our Committee Composition on our Investor Relations website at investors.saic.com.

Risk Oversight

The Board and its committees monitor risk regularly throughout the year. The Board considers, along with other factors, the risks facing SAIC.

RESPONSIBLE AI

SAIC's Artificial Intelligence Council, which our executive leadership team oversees, is composed of the company's chief risk officer, chief information officer, general counsel representation and our senior vice president of digital innovation. They work to ensure responsible use of AI through governance; ethical use and development; buying and selling of AI products and services; written policies and developing guidance for the company. They also provide oversight for our AI Center of Excellence.

Learn more about Corporate Governance at SAIC in SAIC's 2024 Corporate Responsibility Report

Courtesy SAIC

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Contact Info:
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Website: https://www.3blmedia.com/profiles/science-applications-international-corp
Email: info@3blmedia.com

SOURCE: Science Applications International Corp.

View the original press release on accesswire.com

FAQ

What is the composition of SAIC's Board of Directors in 2024?

SAIC's Board of Directors has 11 members, with 10 being independent. 45.5% identify as women and 54.5% as men. Four members self-identify as from underrepresented races or ethnicities.

How does SAIC ensure responsible use of Artificial Intelligence?

SAIC has an Artificial Intelligence Council, overseen by the executive leadership team, which ensures responsible AI use through governance, ethical development, policies, and guidance. It also provides oversight for SAIC's AI Center of Excellence.

What measures does SAIC (SAIC) take to maintain strong corporate governance?

SAIC maintains strong corporate governance through regular board evaluations, adherence to ethical standards, director stock ownership guidelines, and transparency in reporting. The Board also oversees company strategy, risk, operations, and reporting.

Who chairs SAIC's Board of Directors as of 2024?

Donna Morea, a non-executive director who is a woman, chairs SAIC's Board of Directors as of 2024.