Statement of Principle
The Firm expects the conduct of all MarketAxess personnel to be consistent with the highest ethical, business and legal standards. Integrity and ethical behavior are especially important in the financial services industry because of the trust placed in the Firm and the adverse consequences of betraying that trust. Even the appearance of impropriety can do irreparable damage to the Firm's reputation. MarketAxess personnel are reminded of their duty to comply with all requirements imposed on them by federal and state securities laws and regulations and the FINRA rules, as well as with the Firm's policies and procedures. Reporting Concerns
To report evidence of known or suspected fraud, theft, violations of the MarketAxess Code of Conduct and Ethics, accounting or auditing improprieties, or other financial misconduct involving MarketAxess assets, operations or employees, contact the:
Corporate Governance Hotline
Telephone: 1-800-574-1761
or through the Confidential Ethics Web Form U.K. Remuneration Code
If you would like to receive a copy of our U.K. Remuneration Disclosure Document, please click here and fill out the form on the subsequent page. MarketAxess Europe Limited - Pillar 3 Disclosure and Policy Board Leadership Structure
Our CEO serves as the Chairman of the Board, and we have a Lead Independent Director Mr. Stephen P. Caspar, who is responsible, among other things, for consulting with the Chairman regarding the agenda for each Board meeting and coordinating the activities of the non-employee directors and the Board, in general, including presiding over the executive sessions of non−employee directors. Mr. Caspar has been President of the Rohatyn Group since April 2010. Prior to this he was a partner of Vastardis Capital Services.
Committee Composition| Below is a summary of our committee structure and membership information. To read more about any of the committees, click on committee names in the
chart below.
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Chairperson |
Member |
Financial Expert |
Lead Director |
Audit Committee
Led by Mr. Gomach (Chair), the Audit Committee of our Board of Directors reviews, acts on and reports to our Board of Directors with respect to various auditing and accounting matters, including the recommendation of our independent registered public accounting firm, the scope of the annual audits, the fees to be paid to the independent registered public accounting firm, the performance of the independent registered public accounting firm and our accounting practices. The Audit Committee currently consists of Messrs. Gomach, Casper and Hersch. The Board of Directors has determined that each member of the Audit Committee is an independent director in accordance with NASDAQ listing standards and that Mr. Casper and Mr. Gomach are both Audit Committee financial experts, as defined by SEC guidelines and as required by the applicable NASDAQ listing standards.
Compensation Committee
Led by Mr. Steinhardt (Chair), the Compensation Committee of the Board of Directors recommends, reviews and oversees the salaries, benefits and stock option plans for our employees, consultants, directors (other than non−employee directors) and other individuals whom we compensate. The Compensation Committee also administers our compensation plans. The Compensation Committee currently consists of Messrs. Steinhardt, Begleiter and Hersch. The Board of Directors has determined that each member of the Compensation Committee is an “independent director” in accordance with NASDAQ listing standards, a “non−employee director” under the applicable SEC rules and regulations and an “outside director” under the applicable tax rules.
Nominating and Corporate Governance Committee
Led by Mr. Hersch (Chair), the Nominating and Corporate Governance Committee of the Board of Directors selects nominees for director positions to be recommended by our Board of Directors for election as directors and for any vacancies in such positions, develops and recommends for our Board of Directors the Corporate Governance Guidelines of the Company and oversees the annual review of the performance of the Board of Directors, each director and each committee. The Nominating and Corporate Governance Committee currently consists of Mr. Hersch, Dr. Brown-Hruska, and Mr. Hernandez. The Board of Directors has determined that each member of the Nominating and Corporate Governance Committee is an independent director in accordance with NASDAQ listing standards.
Investment Committee
Led by Mr. Steinhardt (Chair), the Investment Committee assists the Board in monitoring whether the Company has adopted and adheres to a rational and prudent investment and capital management policy; whether management’s investment and capital management actions are consistent with attainment of the Company’s investment policy, financial objectives and business goals; the Company’s compliance with legal and regulatory requirements pertaining to investment and capital management; the competence, performance and compensation of the Company’s external money managers; and such other matters as the Board or Investment Committee deems appropriate. The Investment Committee currently consists of Messrs, Sullivan, Steinhardt and Casper.
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