At Verra Mobility, our success is embedded within our Core Values: Own It, Do What’s Right, Lead With Grace, and Win Together. As a global leader in smart mobility, we serve our customers at their highest point of need, with the best people doing their best work to provide technology solutions that enrich lives by making mobility safer and easier.
Key to our performance is an equally strong commitment to doing business ethically and with integrity. Doing things with integrity is not just an expectation at Verra Mobility, it is ingrained into our culture and is at the foundation of our Core Values. Verra Mobility’s Code of Business Ethics and Conduct (the “Code”), sets high standards of conduct and business ethics. The Code goes beyond legal requirements, and sets expectations for Verra Mobility employees to be honest and always conduct themselves with integrity. Verra Mobility strives to cultivate a culture where its directors, officers, employees, agents, contractors, and consultants not only conduct business in accordance with the letter and spirit of all relevant laws and regulations but also seek to exceed such standards.
We conduct business under three business segments: Commercial Services, where we enable smarter roadways by providing integrated technology to manage tolls, violations, and vehicle registrations for rental car companies, fleet management companies, and large fleet operators; Government Solutions, where we work with government customers (such as states, counties, municipalities and school districts) by installing, maintaining, and managing leading photo enforcement technology that positively impacts driver behavior and enhances road safety; and Parking, where we provide an integrated suite of parking software and hardware solutions to universities, municipalities, parking operators, healthcare facilities and transportation hubs.
Our products and services are at the epicenter of the smart mobility ecosystem and enable our customers to leverage technology to provide eco-friendly solutions, preserve human life, and keep our communities and citizens safe.
As a global company, our commitment to a greener and safer planet is embedded in our actions and innovative solutions. Our employees take pride in the work they do and are empowered by our vision. As a company, we are committed to being good stewards of the environment. We ensure that our employees, customers, and suppliers recognize that there are many things we can do to reduce our environmental footprint.
In Commercial Services, our customers offer our electronic tolling solutions in their Rental Car and Commercial Fleet sectors in North America and part of Europe. Studies show that paying for tolls electronically significantly reduces or eliminates idling and traffic back-ups at toll booths and thus reduces greenhouse gas emissions. Furthermore, digital connections with municipalities and toll authorities reduce demand for paper records.
In Parking, we offer solutions that significantly decrease idling time and unnecessary vehicle travel, which cuts down on emissions, and our digital citation solutions help to reduce paper waste.
Verra Mobility subsidiaries have also received certifications in the US and abroad for our commitment to environmental corporate responsibility.
Our Products and Services Preserve Human Life
Our Government Solutions products and services are geared towards keeping communities safe. We serve as a value-add partner to government agencies by providing road safety cameras that promote traffic safety and reduce traffic violations. We work with our customers to identify problematic traffic areas and install, maintain, and manage technology platforms in school zones, crosswalks, busy intersetions and on school buses to promote community safety and preserve human life.
Recruiting and Managing a Global, Diverse and Skilled Workforce
We are a purpose-driven company making mobility safer and easier, and our employees are critical to our success. Our success depends upon attracting, retaining and developing a diverse group of talented individuals who possess the skills necessary to support our business objectives, assist in the achievement of our strategic goals, contribute their own unique perspective and skill set and create long-term value for our stockholders. We have implemented purposeful hiring strategies that include opportunities for internal mobility and promotion and an employee referral program, both of which we believe will further strengthen our growing employee base and promote retention at our Company. We have a multifaceted talent development framework that includes functional training, management training and targeted development programs.
Our compensation programs are designed to align the compensation of our employees with the Company’s and individual performance, and to provide a compensation package that will attract, retain, motivate and reward employees to achieve superior results. The structure of our compensation programs balances incentives for both short-term and long-term performance. In addition to cash compensation, and depending on geographic location, we offer employees benefits such as life insurance, health (medical, dental and vision) insurance, health savings accounts, flexible spending accounts, accident insurance, paid time off, volunteer time off, paid parental leave and a company-sponsored 401(k) plan.
Data Privacy & Security
Verra Mobility is dedicated to protecting personal information of its employees, contractors, customers, consultants and vendors. Verra Mobility employees and contractors go through robust Security and Privacy Awareness training and certification every year.
Our customers include large, multinational corporations and government agencies who depend upon our operational efficiency, non-interruption of service, and accuracy and security of information. We devote significant resources to our cybersecurity programs and have implemented security measures to protect our systems and data, and to prevent, detect, and respond to data security and privacy incidents. As a trusted advisor to our customers, data privacy is of paramount importance and key to our success as an organization.
We use dynamic compliance frameworks, aligned with current standards, to manage data privacy and security. For example, our privacy framework consists of fourteen pillars that align with key data privacy regulations, standards, and guidance. These frameworks provide the foundation of privacy and security governance upon which to build accountable privacy and security programs.
The Verra Mobility Privacy Office is governed by the Vice President of Global Privacy, who reports to our Chief Technology Officer. The Vice President of Global Privacy leads a Privacy Champions Group composed of representatives from various business units, disciplines, and geos at Verra Mobility. Together, the CTO, VP of Global Privacy, and Privacy Champions Group make up the Verra Mobility “Privacy Council.”
Verra Mobility is a Bronze Member of the International Association of Privacy Professionals (IAPP).
At Verra Mobility, we believe that good corporate governance helps ensure that Verra Mobility is managed for the long-term benefit of its stockholders. Our commitment to good corporate governance includes following regulatory requirements, Nasdaq listing standards and recognized best practices while ensuring effective leadership and oversight by our Board of Directors and senior management team. Our Board of Directors adopted Corporate Governance Guidelines, which provide a foundation for Verra Mobility’s governance and describe the principles and practices that our Board follows in carrying out its responsibilities.
Verra Mobility’s Board of Directors also promotes Verra Mobility’s business and organizational objectives through oversight, review, and counsel. The Board oversees the Company’s business affairs and integrity, works with management to determine the Company’s mission and long-term strategy, performs the annual CEO evaluation, oversees CEO succession planning, establishes internal control over financial reporting, and assesses company risks and plans for risk mitigation. Our Board is comprised of a diverse group of experienced business and industry leaders.
Corporate governance at Verra Mobility is designed to promote the long-term interest of our shareholders, maintain internal checks and balances, strengthen management accountability, engender public trust, and foster responsible decision-making and accountability.