We believe that good governance sets the foundation for success. 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 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 Committee for the retention and supervision of our external auditors.
  • Audit 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.
 
We are proud of our corporate governance practices. As in all areas of our business, we strive to improve every day through our ongoing commitment to the highest standards of corporate governance.
 
 

Committees of the Board

Pentair's Board of Directors has four standing committees.
 
Audit Committee
Assists the Board with oversight of accounting and financial reporting processes and audits of financial statements.
The members of the Audit Committee are Ronald L. Merriman (Chair), Leslie Abi-Karam,  Jerry Burris, Charles A. Haggerty and David Ho.
 
                          Audit Committee Charter (PDF)
 
Compensation Committee
Sets and administers policies that govern executive compensation, including setting the Named Executive Officers’ compensation.
The members of the Compensation Committee are David Jones (Chair), William T. Monahan, Glynis A. Bryan and T. Michael Glenn.
 
                          Compensation Committee Charter (PDF)
 
Governance Committee
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 Glynis A. Bryan (Chair), T. Michael Glenn, David A. Jones and William T. Monahan.
 
                          Governance Committee Charter (PDF)
 
International Committee
Reviews operations outside North America. Assists management in formulating growth, development and organizational strategies for international business divisions.
The members of the International Committee are David Jones (Chair), David Ho, Ronald L. Merriman and William T. Monahan.
 
                   International Committee Charter (PDF)
 
 
Corporate Governance Principles
 
 


We pride ourselves on having a "Win Right" attitude and we look to our leaders to uphold Pentair's values



Code of Business Conduct and Ethics

Pentair's performance and reputation are rooted in the principles the Code embodies.