We have an unwavering commitment to strong corporate governance, ethics and compliance.
Corporate governance
At PPG, we hold ourselves to high standards of integrity and professional conduct. This means going beyond ensuring compliance with laws, rules and regulations, and upholding our values, code of ethics and voluntary commitments. We review and update our policies regularly to ensure they support us in meeting our high standards of integrity and professional conduct. Key policy updates and other governance developments in 2024 include:
- Speak Up Policy: While our Code of Ethics has historically protected whistleblowers from retaliation, PPG formally adopted a Global Speak Up Policy in 2024. This comprehensive policy consolidates our existing ethics reporting and whistleblower protection policies into a company-wide document. In line with the formal policy, we have continued to build awareness of whistleblowing mechanisms throughout PPG. We hosted live engagements with people managers and employees and continued to distribute wallet cards and posters with QR codes that link to our incident reporting channels and Global Code of Ethics.
- Executive Cash Severance Policy: The Board approved a new stand-alone policy that limits certain cash severance arrangements for executive officers without obtaining shareholder approval. The Human Capital Management and Compensation Committee of the Board is responsible for implementation of the policy.
- Director Service Policy: The new Director Service Policy is designed to ensure that directors dedicate sufficient time and attention to their board responsibilities.
- Competitor Data Collection: The Board reviewed and approved updates to the Competitor Data Collection Policy in 2024. The updated policy defines appropriate ways for PPG people to collect information on our competition and avoid anti-competitive practices.
- Special meetings: Shareholders approved an amendment to our Articles of Incorporation that provides shareholders with the right to call special meetings.