Company: TDDWW
Filing Date: 2025-04-24
Form Type: DEF 14A
Source: 0001104659-25-038699
Chunk: 2

Company: TIDEWATER INC
Filing Date: 2025-04-24
Form: DEF 14A
Chunk 2
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 of the Company’s approach to safe operations. Good governance, however, is so much more than a set of rules; it is the framework through which we manage our affairs ethically and responsibly and it must be reinforced through how we treat our customers, employees, senior management, fellow directors, and all of our collective stakeholders. We are dedicated to transparency, accountability, and integrity, recognizing that if we follow such values, we will foster trust among our stakeholders. More specifically regarding our Board, we have continued our focus on furthering our Board members’ educational experiences. We believe that continuing education for our directors is vital, equipping us with insights to better navigate many of the complexities of our industry and allowing us to make better informed risk-adjusted decisions that align with our long-term vision. In today’s rapidly evolving digital landscape, it is hard to overstate the importance of cybersecurity risk. Cyber threats are becoming increasingly sophisticated, and as a Board, we have a responsibility to try to stay ahead of these challenges by partnering with management to build and strengthen our organizational resilience. To that end, we have encouraged our Board members to participate in specialized courses and training sessions designed to provide them with critical insights into cybersecurity risks. By providing our Board with a deeper awareness of these issues, we believe we are better positioned to assist management in protecting the Company’s assets, upholding stakeholder confidence, and complying with regulatory standards. We believe artificial intelligence (AI) presents an opportunity for innovation and strategic advancement, while also providing an emerging challenge for the Company and our Board. We have encouraged our Board members to participate in educational programs regarding AI, and we have also invited guest speakers to address the subject at Board gatherings. Helping our management team navigate AI’s transformative potential and associated risks requires a knowledgeable and forward-thinking board. We are committed to enhancing our expertise in this area. We recognize that a balanced set of skills and experiences among our directors is essential for effective governance. By confirming that our Board comprises individuals with a broad range of skill sets, experiences and viewpoints relevant for Tidewater—we can enhance our collective ability to oversee the Company’s strategic direction. We conduct detailed annual reviews of how our Board and Committees function so we can develop a good understanding of our existing dynamics, which in turn allows us to consider ways to improve our processes over time. Additionally, although our Corporate Governance Guidelines technically allows for the roles of Chairman and CEO to be held by one individual, we strongly believe that separating these roles currently best serves our Company and shareholders. The separation of these important roles stream