ALIGN TECHNOLOGY INC
For the period ended Dec 31, 2024. Filed Apr 8, 2025.
View on SEC.govAbout this filing
What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.
Dec 31, 2024 · Filed Apr 8, 2025
ALGN$166.00+4.2%Stored close · as of Nov 6, 2026
Contents
Risk Oversight Program
| Board of Directors | |||
|---|---|---|---|
| The Board directly oversees corporate strategy, CEO succession planning, and other matters reserved for the full Board. The Board reviews and discusses with management potential significant risks affecting Align. Our directors take a proactive, focused approach to their responsibilities by setting standards to ensure our business success is achieved through the highest standards of responsibility and ethics. | |||
| Audit Committee | Compensation and Human Capital Committee | Nominating and Governance Committee | Technology Committee |
| Our Audit Committee assists our Board in areas of financial and investment risks, internal financial controls, cybersecurity, data privacy, crisis preparedness, and legal and regulatory requirements. | Our Compensation and Human Capital Committee assists our Board to manage risks arising from our compensation policies and practices and long-term and emergency succession planning of our non-CEO executives. | Our Nominating and Governance Committee assists our Board to manage risks associated with Board membership, structure, responsibilities and organization, long-term and emergency CEO and Board succession planning, and sustainability. | Our Technology Committee assists our Board to manage risks associated with technical and market risks associated with product development and investment and with data and analytics capabilities, and initiatives that leverage these capabilities, including artificial intelligence. |
| Management | |||
| Led by our CEO and executive team, management implements and supervises day-to-day risk management processes and reports significant matters to the Board and its committees. Executive management, other employees, consultants and advisors routinely attend and present at Board meetings and are available to address questions or concerns raised by our Board on risk management-related and other matters. | |||
| Internal Audit | Risk Management Program | ||
| Internal Audit is directly overseen by our Audit Committee. Internal Audit identifies and helps mitigate risk and improve internal controls. | Our Board encourages management to establish a culture that actively promotes risk identification as part of our corporate strategy and day-to-day business operations. Furthermore, our Board encourages full and open communication between it and management. The Chair of the Board meets regularly with our CEO and other members of executive management to discuss strategy and the risks we face. Our directors take a proactive, focused approach to their responsibilities by setting standards to ensure our business success is achieved through the highest standards of responsibility and ethics. | ||
| Succession Planning | |||
|---|---|---|---|
| Our Nominating and Governance Committee oversees succession planning for our Board and our Chief Executive Officer, and our Compensation and Human Capital Committee oversees succession planning for our other executives. | |||
| First Quarter | Second Quarter | Third Quarter | Fourth Quarter |
| PERFORMANCE REVIEW AND COMPENSATION AWARDS | REVIEW OF MARKET TRENDS AND STOCKHOLDER FEEDBACK | REVIEW OF COMPENSATION RISKS AND DIRECTOR QUALIFICATIONS | PERFORMANCE ASSESSMENT AND SUCCESSION PLANNING |
| Compensation and Human Capital Committee: Finalize and approve performance reviews and compensation decisions for the prior year and target compensation for the current year, with deliberation and input from the entire Board. | Compensation and Human Capital Committee: Annual review of recruitment, executive compensation market trends and compensation philosophy. Annual review of say-on-pay voting results. | Nominating and Governance Committee: Review and determination of desired qualifications, skills, expertise and characteristics for the full Board.Compensation and Human Capital Committee: Annual review of risks associated with Align’s compensation policies and practices. | Compensation and Human Capital Committee: Review of the performance of the executive officers in connection with compensation analysis and succession pipelines. Nominating and Governance Committee: Review succession plans for Align’s directors and CEO. |
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