CORPORATE GOVERNANCE

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.
To ensure independence and the absence of conflicts, policies and procedures regarding Related Person Transactions Policy (PDF) were adopted by Pentair's Board of Directors.

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.