Lowe’s values our reputation for maintaining high ethical standards in our workplaces and around the world where we do business. Integrity, one of our core values, is demonstrated every day through interaction with customers, fellow employees, vendors, shareholders and nonprofit organizations. Every employee must comply with all applicable governmental laws, rules and regulations, and avoid engaging in any conduct that is inconsistent with the ethical principles to which Lowe’s subscribes.

Our expectations are contained in the Lowe’s Code of Business Conduct and Ethics, which confirms our commitment to maintaining an environment in which all of our employees work together with respect. New employees are required to read, review, understand and adhere to the Code of Conduct, which is available on Lowes.com. Lowe’s also offers a companywide ethics course online to educate employees about the specifics of Lowe’s reporting procedures and compliance resources.

At Lowe’s, we encourage honest communication and support our employees by providing multiple channels through which they can seek answers to work-related questions or report illegal and/or unethical conduct without fear of retribution. Lowe’s Open Door program provides employees access to managers. Employees who become aware of conduct that potentially violates the Code of Conduct can report the matter to the Office of the Chief Legal Officer or anonymously through our independent hotline.

To do business with Lowe’s, vendors and suppliers also must commit to the highest standards of ethical conduct. The Lowe’s Vendor Code of Conduct requires vendors to adhere to ethical principles and identifies the channels for vendors to confidentially report unethical conduct to Lowe’s. For more on our ethics and compliance policies, visit Lowes.com.

Governance

Lowe’s commitment to responsible corporate citizenship and the long-term growth of our business starts at the top. Our board of directors oversees the sound governance practices that have guided our success for decades. Through constructive engagement with management and shareholders, the board provides oversight and counsel that strengthens our culture of integrity, accountability and responsible business practices.

Robert Niblock is chairman of the board of directors and president and chief executive officer of Lowe’s. The fundamental role of the board of directors is to exercise business judgment to act in what it reasonably believes to be the best interests of Lowe’s and our shareholders. Directors must disclose any potential conflicts of interest they might have and, if appropriate, refrain from voting on a matter in which they have a conflict.

The board of directors has a standing Audit Committee, Compensation Committee, Executive Committee and Governance Committee. Nominations for board membership are determined by Lowe’s Governance Committee, which is also responsible for developing Lowe’s Corporate Governance Guidelines and for overseeing the evaluation of the board and management of the company. Lowe’s Corporate Governance Guidelines, including our policy on board compensation, membership criteria and other matters that are fundamental to shareholders’ interests, are available at Lowes.com/Investor.

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