Governance Overview

Three colleagues walking and chatting at PPG

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.
40%
of Board members are diverse by gender
40%
of Board members are diverse by racial background
33%
of Executive Committee Members are women
PPG volunteers painting colorful mural for Colorful Communities

Compliance week at PPG

Throughout 2024, PPG celebrated Compliance Week at our facilities around the world. Each of our regions held workshops, virtual events, panel sessions and activities meant to engage PPG employees on a range of compliance and behavior-related topics.

  • In LATAM, the theme was "the color of our people," and events related to sustainability, bravery, trust, courtesy and transparency were each represented by a special color.
  • In EMEA and Southeast Asia, events focused on how ethical behavior enables success. Participants joined virtual and live events on various compliance topics hosted by PPG leadership and participated in quizzes and competitions to test their ethics and compliance knowledge.
  • In the U.S. and Canada, the theme was "kindness counts," and events were focused on PPG's "Speak Up" culture and employee safety. Around the world, Compliance Week activities provided thousands of PPG employees with training materials and resources to help reinforce our high ethical standards.

Board composition

The composition of our Board continues to evolve as directors retire and new members join, bringing fresh perspectives and expertise. Last year, we added one new director, Kathy Fortmann, and Stephen F. Angel retired from the Board. Director, Martin H. Richenhagen, retired in April 2025 after reaching the director age limit of 72 as prescribed in our Corporate Governance Guidelines for the Board of Directors. This ongoing Board refreshment process allows PPG to respond nimbly to the external environment by drawing on the varying perspectives and backgrounds of our members. The Board is currently comprised of 10 members. Historically, the terms of our directors were three years, with approximately one-third of the directors standing for reelection each year. Pursuant to our amended Articles of Incorporation, all directors began standing for reelection annually beginning at PPG's 2025 Annual Meeting.

Sustainability governance

We have a centralized sustainability organization responsible for developing our corporate sustainability strategy and working across the business to execute that strategy. The Board engages with management on sustainability strategy, sustainability risks and opportunities, and oversees the tracking of our progress. The vice president, global sustainability reported progress to the Sustainability and Innovation Committee twice and the full Board of Directors once in 2024.

Codes and policies

The PPG Global Code of Ethics, which is available in 32 languages, sets forth the principles that apply to all employees everywhere and in every circumstance. Supplementing the code are specific policies and procedures that include our Global Export Control Policy, Gifts, Hospitality, Sponsorships and Charitable Contributions Policy, Anti-Corruption Policy, Due Diligence Procedure for Third Party Intermediaries, Social Media Policy and Denied Country Policy.

Through our Anti-Corruption Policy, PPG prohibits bribery and corruption in all of its business dealings in all countries. The policy applies to all transactions between PPG and every other party, regardless of whether it is between PPG and a private entity or PPG and a government official.

For links to PPG's Global Code of Ethics, as well as other public policies, see the Policies page on PPG.com.

Compliance with our Code of Conduct

We encourage PPG employees, contractors, suppliers and customers to speak up if they become aware of any violations of our Code of Conduct.

In 2024, we implemented more comprehensive tracking and reporting mechanisms for human resources (HR) investigations. This ensures that our global headquarters can track investigation outcomes, including any resulting disciplinary action. As a result, the total number of investigations that we tracked increased significantly this year. The majority of these cases were handled by on-site or regional HR teams.

We opened 1,016 investigations encompassing 1,312 allegations of employee misconduct. Of the allegations closed as of year’s end, 54% were substantiated and resulted in 562 disciplinary actions. Of the total reports, 51% came through the PPG Ethics Helpline in the form of phone or internet submissions. We received the remainder through internal sources, including direct communications to the compliance department, human resources and management.

For links to PPG's Global Code of Ethics, as well as other public policies, see the Policies page on PPG.com

Multi-year data highlights

Investigations by region

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2024202320222021
Asia Pacific139819380
Europe, Middle East and Africa1591028374
Latin America231183131123
United States and Canada487492403381
Total1,016858710658

Disciplinary Actions

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2024202320222021
Warning254204216200
Financial107107
Termination298207173127

A single allegation may be made against multiple individuals and could result in multiple disciplinary actions. The 2024 data include only investigations closed as of Jan. 31, 2025.

We no longer report suspension as a disciplinary action, as they only occur in certain countries where the labor law recognizes this option. Often, suspensions are employed as an interim solution during the pendency of an investigation until the matter is resolved.

Substantiation Rate

Percent

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202420232022
PPG54%58%61%
Benchmark45%46%52%

Benchmarks represent comparisons to other manufacturing companies with 50,000+ employees. Data for 2024 are as of Jan. 31, 2025.

Anonymous Reporting Rate

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202420232022
PPG40%42%37%
Benchmark56%49%47%

Benchmarks represent comparisons to other manufacturing companies with 50,000+ employees. Data for 2024 are as of Dec. 31, 2024.

Case Intake Method

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20242023202220212020
Helpline523466352323318
Proxy493392359336273