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Governance
Advanced Energy is firmly committed to strong and effective corporate governance practices and accountability to our shareholders.
Guided by Our Core Values
Advanced Energy is firmly committed to strong and effective corporate governance practices and accountability to our shareholders. We routinely review our governance practices against evolving best practices and consider feedback and input from our shareholders.
At all levels of our organization, we deliver extraordinary results by building a culture grounded in our Core Values. Just as our business has grown and continues to evolve, so will our culture. In 2022, we refreshed and enhanced our Core Values to ensure they are clear, aligned and truly reflect the organization we are today and strive to be in the future.
Enabling Effective Management
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The pay for performance executive compensation structure ensures that our leaders focus on sustainable success as measured by total shareholder returns and other performance metrics. The executive officer compensation put forward at the 2023 Annual General Shareholder meeting received 98% approval from shareholders.
Our Board of Directors promotes the best interests of the company and its shareholders by overseeing the management of business, assets and affairs. To ensure that all members carry out their duties in an honest manner that adheres to all applicable laws and regulations, the Board of Directors has adopted the AE Code of Ethical Conduct.
90% of our board members are independent, non-executive directors. Our Board of Directors monitors the management of the company in a way that puts shareholder interests first, fosters independent decision-making and mitigates conflicts of interest. The average tenure for our Board of Directors is 4.6 years. AE’s independent board chair and CEO are separate positions.
90% of our board members are independent, non-executive directors. Our Board of Directors monitors the management of the company in a way that puts shareholder interests first, fosters independent decision-making and mitigates conflicts of interest. The average tenure for our Board of Directors is 4.6 years. AE’s independent board chair and CEO are separate positions.
The pay for performance executive compensation structure ensures that our leaders focus on sustainable success as measured by total shareholder returns and other performance metrics. The executive officer compensation put forward at the 2023 Annual General Shareholder meeting received 98% approval from shareholders.Enhancing Transparency
Advanced Energy is committed to transparency in all parts of our business to promote accountability, cultivate trust and foster open communication. We believe that transparency leads to improvements to our processes and policies, and ultimately contributes to our success as an organization.
In addition, we are committed to complying with all applicable tax and accounting laws and regulations in the countries in which we operate. All required filings are made accurately and within the allotted deadline with the relevant regulatory bodies.
We respect the privacy of our stakeholders and ensure that our robust data privacy program complies or exceeds all applicable privacy laws, including the European Union’s General Data Protection Regulation (GDPR), the California Consumer Privacy Act (CPPA), and the Colorado Privacy Act (CPA). Our privacy program has both internal and external privacy policies that are communicated and easily accessible. Our external privacy policy can be found here. For any questions regarding our privacy program please reach out to dataprivacyoffice@aei.com.
Taking action to actively maintain an ethical and transparent environment is an important part of our culture. The company encourages the reporting of possible questionable conduct. Advanced Energy actively provides reporting options through our policies, training, posters, internal communications and announcements. Communications can be made directly to our management staff or through our third-party reporting tool at www.advancedenergy.ethicspoint.com
In addition, we are committed to complying with all applicable tax and accounting laws and regulations in the countries in which we operate. All required filings are made accurately and within the allotted deadline with the relevant regulatory bodies.
We respect the privacy of our stakeholders and ensure that our robust data privacy program complies or exceeds all applicable privacy laws, including the European Union’s General Data Protection Regulation (GDPR), the California Consumer Privacy Act (CPPA), and the Colorado Privacy Act (CPA). Our privacy program has both internal and external privacy policies that are communicated and easily accessible. Our external privacy policy can be found here. For any questions regarding our privacy program please reach out to dataprivacyoffice@aei.com.
Taking action to actively maintain an ethical and transparent environment is an important part of our culture. The company encourages the reporting of possible questionable conduct. Advanced Energy actively provides reporting options through our policies, training, posters, internal communications and announcements. Communications can be made directly to our management staff or through our third-party reporting tool at www.advancedenergy.ethicspoint.com
Cybersecurity
Advanced Energy has in place an established information security management system and is committed to the protection of data from malicious or accidental damage while ensuring continuous business operation. A standardized cybersecurity framework is followed to achieve confidentiality, integrity and availability of our information systems.
Defense in depth is in place with multiple layers of security controls, identity and access management, vulnerability management, and continuous monitoring of our environment for security events.
Continuous business operations are supported by engaging in system backups, data replication, and maintaining tested incident response and disaster recovery plans.
A Confidential Information Protection Program is in place to identify and secure data while avoiding potential insider threats. Data Loss Prevention policies and controls are in place to support information protection goals.
The Company performs cybersecurity training for all staff during onboarding, as well as through annual training assignments. Regular phishing simulations are performed to increase security awareness and monthly security newsletters are provided to inform users of recent cybersecurity risks and trends.
In relation to IT, AE leverages Cloud Based Data Centers for our primary data center infrastructure, leveraging sustainable cloud service providers.
Defense in depth is in place with multiple layers of security controls, identity and access management, vulnerability management, and continuous monitoring of our environment for security events.
Continuous business operations are supported by engaging in system backups, data replication, and maintaining tested incident response and disaster recovery plans.
A Confidential Information Protection Program is in place to identify and secure data while avoiding potential insider threats. Data Loss Prevention policies and controls are in place to support information protection goals.
The Company performs cybersecurity training for all staff during onboarding, as well as through annual training assignments. Regular phishing simulations are performed to increase security awareness and monthly security newsletters are provided to inform users of recent cybersecurity risks and trends.
In relation to IT, AE leverages Cloud Based Data Centers for our primary data center infrastructure, leveraging sustainable cloud service providers.