COMPANY LEADERSHIP The Board of Directors oversees the management of the company. The Board delegates responsibility for day-to-day management to the Chief Executive Officer and other senior management. Directors provide the CEO and senior management with guidance and strategic oversight to help build stakeholder value. CORPORATE GOVERNANCE We believe that good governance leads to high levels of board effectiveness, promotes the long-term interests of our shareholders, strengthens the accountability of the Board of Directors and management and improves our standing as a trusted member of the communities we serve. High standards and rigorous policies ensure that Sanmina’s activities to pursue our objectives are aligned with responsible conduct and ethics. Our Board of Directors oversee these standards, providing accountability, objectivity, perspective and judgment when monitoring performance. These standards are in addition to the Board of Directors, standard duties and incorporate the principles of the Responsibility Business Alliance (RBA). BOARD COMPOSITION Each of our Board members has an extensive background that provides diverse industry knowledge and perspective. As of December 31, 2022, the Board was comprised of eight independent members, as defined by Nasdaq rules and our Chairman and CEO, Jure Sola. The Board believes that its ability to promote the long term, sustainable growth of Sanmina depends on attracting and retaining board members with a high level of industry-specific experience, who have a deep familiarity with the Company’s business and who will actively engage with management and other stakeholders. The Board seeks to ensure these characteristics in board members through regular succession planning activities and through its Board evaluation process.
BOARD OF DIRECTORS COMPO
BOARD INDEPENDENCE BOARD INDEPENDENCE
DIVERSITY DIVERSITY
AGE
2 Female 3 Diverse
8 out of 9 are Independent Directors 8 Out of 9 are Independent Directors
AGE AGE
TENURE TENURE
61 - 65 yrs 50 - 60 yrs Over 70 yrs 66 - 70 yrs
6 - 10 yrs 0 - 5 yrs
Over 15 yrs 11 - 15 yrs
Board composition is as of December 31, 2022.
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