Yes. Textron adopted its Governance Guidelines and Policies in 1996. Textron's Board recognizes that corporate governance is not a one-time event. Rather, it is an ongoing and dynamic process. As such, these guidelines, and other aspects of Textron governance, are reviewed regularly.
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Currently, 11 members serve on Textron's Board; 10 of those directors are independent.
Textron's Board of Directors is composed of 10 independent directors and one management director, Scott C. Donnelly, Chairman and CEO. Board of director independence is defined in the Director Independence section of this website and within Corporate Governance Guidelines and Policies.
Currently, there are four standing Board committees: Audit; Nominating and Corporate Governance; Organization and Compensation; and Executive. The Audit, Nominating and Corporate Governance and Organization and Compensation Committees each meet regularly and have each adopted formal charters which set forth their respective roles and responsibilities. Those charters are posted on this website on the Committee Charters page. The Executive Committee meets only when necessary and consists of Textron's Chairman, its President and Chief Executive Officer, the chairpersons of each of the other three committees, and the Lead Director (if he or she is not a committee chairperson).
The Nominating and Corporate Governance Committee has responsibility for corporate governance matters.
All of the members of the Audit, Nominating and Corporate Governance, and Organization and Compensation Committees are independent.
The Nominating and Corporate Governance Committee nominates the committee members and chairpersons and recommends their approval to the Board of Directors.
Yes. The independent Directors shall designate any Director among them to serve as Lead Director. The Lead Director is generally expected to serve for a three-year term, with the appointment ratified annually at an executive session held at the April meeting of the Board. The Lead Director, among other functions, presides at all meetings of the Board at which the Chairman is not present and all executive sessions of the independent Directors, and serves as liaison between the CEO and independent Directors.
The non-employee directors conduct an annual performance evaluation of the Chief Executive Officer against predetermined objectives. In addition, the Chief Executive Officer annually prepares a self-evaluation prior to such annual performance evaluation by the Board.
Shareholders or other interested parties wishing to communicate with the Board of Directors, the Lead Director, the non-management directors as a group or with any individual director may do so by calling +1 (866) 698-6655 (toll-free) or +1 (401) 457-2269; writing to Board of Directors, Textron Inc., 40 Westminster Street., Providence, RI 02903; or sending an e-mail to textrondirectors@textron.com.
Yes, the company has Business Conduct Guidelines that applies to every employee, officer and director of Textron. These guidelines are approved by the Board of Directors and are published on Textron’s website.
All complaints relating to Textron accounting, internal accounting controls or auditing matters will be handled in accordance with procedures adopted by the Audit Committee. People wishing to report a complaint to the Audit Committee may do so by calling +1 (866) 698-6655 (toll-free) or +1 (401) 457-2269; writing to Audit Committee, Textron Inc., 40 Westminster Street, Providence, RI 02903; or e-mailing textrondirectors@textron.com.
Textron's ticker symbol is TXT. Textron common stock is listed on the New York Exchange.
Textron Common stock has split five times, all 2 for 1. The distribution dates are January 1, 1966; September 1, 1967; June 1, 1987; May 30, 1997 and August 24, 2007.
The CUSIP number for Textron Common stock is 883203101.
Yes. Textron's dividend reinvestment plan offers registered shareholders of Textron Common stock a convenient way to purchase additional shares of Textron Common stock without paying brokerage, commission or other service fees. More information and an authorization form may be obtained through American Stock Transfer & Trust Company website, www.amstock.com.
To view investor information about Textron visit the Investor section of this website. For Textron shareowner account information, write to: American Stock Transfer & Trust Company, 59 Maiden Lane, Plaza Level, New York, NY 10038. You may also call +1 (866) 621-2790 or from outside the US +1 (718) 921-8200 or fax +1 (718) 236-2641.
Textron is ranked 302 on the Fortune 500 list of largest U.S. companies.
The following documents can be found on our website: Annual Report and Proxy Materials, Fact Books, and SEC Filings.
Business overviews can be found on this website by visiting Textron Businesses. The Annual Report and Proxy Materials and Fact Book are other sources of information about Textron's businesses. For more in depth information about our businesses, please visit our Business Directory for specific business web addresses and contact information.
Eric Salander Vice President, Investor Relations Tel. +1 (401) 457-2288Cameron Vollmuth Manager, Investor Relations Tel. +1 (401) 457-2288