Our Corporate Responsibility: One planet, one person at a time.
Verso Paper Corp. is committed to the highest quality of corporate governance. Reflecting this commitment, Verso embraces the spirit of corporate governance reform, rather than simply meeting the minimum compliance standards set forth in the Sarbanes-Oxley Act of 2002 and the New York Stock Exchange's corporate governance listing standards. Verso’s board of directors reviews all aspects of our corporate governance policies and practices, including our Corporate Governance Guidelines and our Code of Conduct, at least annually in light of best practices, and makes whatever changes are necessary to further Verso’s commitment to the highest standards of corporate governance.
Simplified Management Approach
Working in the new environment of a stand-alone, publicly traded company has given Verso a new simplicity and speed in decision-making. Our proven senior management team has a clear strategy and extensive domestic and international multi-business experience. As significant equity holders, they are fully incentivized to create shareholder value.
Our financial metrics are fundamental and focused, and our management approach is disciplined to match supply to demand, anticipating change rather than reacting to it. Because of our leading market position in some of the industry’s most attractive segments, Verso has strong customer relationships that allow us to consistently post operating rates in excess of the industry. We’ve also done a better job of connecting people to the company and our results, working together to achieve the goals we set for ourselves in our all areas of corporate responsibility.
Value Creation Strategy
We have adopted and implemented a strategy for enhancing the financial success of Verso and creating value for our stakeholders. We measure our success in six key areas:
| Utilize our integrated business management process to optimize performance |
| Enhance our core business by improving margins |
| Develop new revenue streams outside of core coated paper markets to mitigate coated paper demand and price volatility |
| Gain manufacturing superiority by benchmarking and reducing operating gaps |
| Enhance cash flow by operating our business platforms to balance out stakeholders' needs |
| Improve our organizational capability |
Social Responsibility
Verso’s social responsibility begins at home. We ensure equal employment opportunities, provide competitive compensation, health and welfare benefits, and offer opportunities for professional advancement. We promote a culture of compliance and have a Code of Conduct for all Verso employees.
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