We believe a healthy business is built through responsible, transparent practices. To us, this means the effective integration of Environmental, Social, and Governance (ESG) factors into risk management processes, such as our Business Continuity Planning, and an honest approach to communicating our strengths and weaknesses. The compensation of some senior leaders within Dentsply Sirona is tied to ESG factors.
We adhere to the highest ethical standards in all our practices, and ensure we comply with all the relevant laws and regulations that govern our interactions with healthcare professionals. On an annual basis, Dentsply Sirona performs an enterprise risk assessment to identify, prioritize, and respond to the main risks facing the business. Dentsply Sirona reviews ESG factors as a part of the risk universe. In 2020, we amended the Charters of the Corporate Governance and Nominating Committee and the Human Resources Committee to provide explicit oversight of ESG matters. Additionally, as of the end of 2020, no material areas of misalignment with key shareholders with respect to Governance were identified.
To ensure our business is set on a solid foundation, we have several core policies and processes in place that we believe are essential to maintaining ethical and responsible operations. These policies are under continuous review to ensure they are up to standard and meet or exceed our regulatory requirements.