Corporate governance encompasses the internal policies and practices by which Astrotech is operated and controlled. With the goal of enhancing long-term value for shareholders, Astrotech's business is conducted by its employees and managers and directed by the chief executive officer under the oversight of the board. The board of directors is elected by the shareholders to appoint and oversee management and to ensure that the long-term interests of the shareholders are being served. It is also responsible for confirming that the company's activities are conducted in a responsible and ethical manner. Both the board of directors and management recognize that the long-term interests of shareholders are reinforced by responsibly addressing the concerns of other stakeholders and interested parties including employees, customers, suppliers, and the communities in which the company does business.