Orion Engineered Carbons is committed to maintaining effective, transparent and accountable corporate governance practices. The company's Corporate Governance Guidelines were approved by the Company’s Board of Directors as a set of guiding principles by which the affairs of the Company will be governed. They reflect the fact that the Company is a “controlled company” as defined by the rules of the New York Stock Exchange (the “NYSE”) and are designed so that the Board can operate effectively within this context.