TravelCenters of America, LLC considers proper corporate governance to be important. A majority of our Board of Directors are independent, and all of our Board's Committees, including our Audit Committee, are comprised solely of independent trustees.
We have a five member Board of Directors, of which three are independent trustees. The Board operates with three separate Committees: an Audit Committee, a Compensation Committee and a Nominating and Governance Committee. The Board has also adopted Governance Guidelines and Committee Charters for each of its Committees.
The Board's Audit Committee currently has a qualified Audit Committee "financial expert" as defined by SEC rules. We also have a Director of Internal Audit and Compliance who reports directly to the Board's Audit Committee.
All of the company's trustees, officers and personnel follow a Code of Business Conduct and Ethics. We also have a Governance Hotline that allows users to report matters directly to Senior Management, the Board of Trustees or the Audit Committee.