Rayonier is committed to corporate governance policies and practices that serve the best interests of our shareholders. As fiduciaries, the Board believes in continuous improvement and strives to implement governance best practices, thereby holding itself to the highest standards of oversight for the benefit of all our stakeholders. In addition, the Board monitors developments with respect to regulatory and standard-setting organizations, including the SEC, FASB, and SASB, to facilitate ongoing compliance and transparency of our corporate disclosures.