Board of Directors and senior management team are committed
to effective corporate governance. To achieve this, the Board maintains
three standing committees: the Audit Committee, the Governance and
Nominating Committee, and the Compensation Committee. The Board
and its three committees conduct regularly scheduled meetings and
may also hold special meetings, to review key business initiatives
and opportunities. We also have a
Code of Ethics and a set of
Corporate Governance Standards that provide a framework for
operating standards and ethics at Redwood outlining what we expect
of all our officers, directors, and employees. Good corporate governance
is not simply corporate compliance; it is also maintaining practices
that represent strong business ethics.
The Board has the following
three Committees, all of which are comprised solely of independent
Audit Committee provides assistance to Redwood's directors
and management in fulfilling their responsibility to the stockholders,
potential stockholders, and the investment community relating
to corporate accounting, reporting practices of Redwood, the
quality and integrity of the financial reports and controls
of Redwood, the auditors' qualifications and independence, the
performance of the auditors and internal audit function, and
the compliance by Redwood with legal and regulatory matters.
Governance and Nominating Committee considers and develops
governance principles for the Company and establishes the requirements
and qualifications for members of the Board. In consultation
with the Chairman, the committee recommends candidates for election
to the Company's Board of Directors.
Compensation Committee has oversight responsibility for
the compensation and benefit programs for executive officers
and other employees, and advises the Board on director compensation.
Code of Ethics set forth the guiding principles of business
ethics and certain legal requirements applicable to our Board of
Directors and all employees.
Corporate Governance Standards set forth the guiding principles
of the responsibilities of the Board of Directors.
Policy Regarding Majority Voting sets forth policies relating
to majority voting for Directors in uncontested elections.