Trade organizationsLowe’s maintains memberships in national and state trade associations specific to business and retail industry interests. These groups provide significant benefits to Lowe’s by giving Lowe’s access to their business, technical and industry expertise. They provide a forum for their members and lobby on our behalf on various public issues and policies that impact our company and ability to conduct business as efficiently as possible. These organizations are often retail specific, and their primary focus is working with elected officials to advocate on behalf of retail companies and the issues that impact those companies. These associations are not expected to use the financial support that Lowe’s provides for campaign contributions or to influence the outcome of specific elections or ballot initiatives.
Members of senior management and our government affairs department serve in a leadership capacity in many of the trade organizations in which Lowe’s is a member to ensure the values of the trade organizations are consistent with Lowe’s values and to ensure our investments and interests are well represented.
Political Action CommitteeLowe’s sponsors an employee political action committee (LOWPAC) that contributes to candidates and other political committees supportive of our business interests. LOWPAC is funded by voluntary employee contributions. The determination to contribute to a candidate or political committee is made by LOWPAC’s board of directors, including Lowe’s vice president of government affairs, senior management and general counsel.
Factors the LOWPAC board considers when making contributions to candidates or political committees:
- Does the company have significant economic interests (stores, distribution centers, etc.) in the candidate’s district?
- What is the candidate or political committee’s position or voting record on issues important to the retail industry and Lowe’s?
- Does the candidate sit on a committee with oversight of issues important to Lowe’s?
- Do other national retail trade associations or business groups also support the candidate or political committee?