Corporate Profile
Valhi, Inc is a Delaware corporation that has operations through majority-owned subsidiaries or less than majority-owned affiliates. Valhi’s common stock is traded on the New York Stock Exchange under the symbol “VHI.” See the disclosure in Valhi’s latest Annual Report on Form 10-K, Quarterly Report on Form 10Q and Proxy Statement (see the SEC Filings section of this website) for a recent description of Valhi’s operations and ownership structure.
Valhi Inc. is considered a controlled company under the listing standards of the New York Stock Exchange. Pursuant to the listing standards, a controlled company may choose not to have a majority of independent directors, independent compensation, nominating or corporate governance committees or charters for these committees. Valhi has chosen not to have a majority of independent directors or an independent nominating or corporate governance committee. The Board of Directors believes that the full Board of Directors best represents the interests of all of Valhi’s stockholders and that it is appropriate for all matters that would be considered by a nominating or corporate governance committee to be considered and acted upon by the full Board of Directors. Applying the requirements of the NYSE listing standards, the Board of Directors has determined that three of its directors are independent and have no material relationship with Valhi. While the members of Valhi’s management development and compensation committee currently satisfy the independence requirements of the NYSE listing standards, Valhi has chosen not to satisfy all of the NYSE listing standards for a compensation committee.
Valhi Inc. is considered a controlled company under the listing standards of the New York Stock Exchange. Pursuant to the listing standards, a controlled company may choose not to have a majority of independent directors, independent compensation, nominating or corporate governance committees or charters for these committees. Valhi has chosen not to have a majority of independent directors or an independent nominating or corporate governance committee. The Board of Directors believes that the full Board of Directors best represents the interests of all of Valhi’s stockholders and that it is appropriate for all matters that would be considered by a nominating or corporate governance committee to be considered and acted upon by the full Board of Directors. Applying the requirements of the NYSE listing standards, the Board of Directors has determined that three of its directors are independent and have no material relationship with Valhi. While the members of Valhi’s management development and compensation committee currently satisfy the independence requirements of the NYSE listing standards, Valhi has chosen not to satisfy all of the NYSE listing standards for a compensation committee.