As a company that aims to improve life for people everywhere, Pentair believes that good governance sets the foundation for success. In all our efforts, we seek to work well, and that starts with how we manage our own business. The governance principles we practice today were built on the Pentair Code of Business Conduct, established more than 30 years ago.
Some of these practices include:
- A strong-minded Board made up of a majority of independent directors.
- An independent Lead Director, William T. Monahan who serves as a direct liaison with management.
- Direct access by the Board to independent advisors and experts.
- Routine executive Board sessions without management present.
- Direct responsibility of Audit & Finance Committee for the retention and supervision of our external auditors.
- Audit & Finance Committee oversight of our internal auditors.
- A Code of Business Conduct and Ethics annually affirmed by our employees.
- An anonymous hotline available to all employees for reporting compliance or other concerns.
- Related Person Transactions Policy (PDF) to ensure independence and the absence of conflicts.
- Political Contributions Policy (PDF) to ensure contributions are in a manner consistent with our core values and to protect and/or enhance stakeholder value.
- View Pentair's Political Contributions Reporting (PDF)
Committees of the Board
Pentair's Board of Directors has three standing committees.
Audit and Finance Committee
Assists the Board with oversight of accounting and financial reporting processes and audits of financial statements.
The members of the Audit and Finance Committee are Ronald L. Merriman (Chair), Glynis A. Bryan, Jacques Esculier, David Ho and Billie I. Williamson.
Audit and Finance Committee Charter
Sets and administers policies that govern executive compensation, including setting the Named Executive Officers' compensation.
The members of the Compensation Committee are David A. Jones (Chair), Jerry W. Burris, Edward P. Garden, T. Michael Glenn, and William T. Monahan.
Compensation Committee Charter
Identifies individuals qualified to become Directors. Recommends nominees to the Board for election at annual meetings of shareholders. Oversees public policy matters and compliance with the Code of Conduct.
The members of the Governance Committee are T. Michael Glenn (Chair), Jerry W. Burris, Edward P. Garden, David A. Jones and William T. Monahan.
Governance Committee Charter
Corporate Governance Principles
Review our Corporate Governance Principles