Essay on The Home Depot 's Governance Structure

Essay on The Home Depot 's Governance Structure

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Due to my interest in the company I am currently employed with I will be discussing The Home Depot’s governance structure as well as their strategic planning. The Home Depot is a public company and all information about them as well as their governance documents are public information and can be found on their website. The website opens up with the following statement: "The Home Depot strives to be employer, retailer, investment, and neighbor of choice in the home improvement industry. Corporate governance is part of our culture and is founded on our daily commitment to living values and principles that recognize our ethical obligations to our shareholders, associates(employees), customers, suppliers, and the communities in which we operate." The company is committed to its strong corporate governance system by regularly implementing new procedures and policies. They currently have 12 Board of directors and 11 independent directors. The board consists of a chairman which is Craig Menear the CEO, 4 chairpersons, A lead director, A Financial expert and several members. Each year members of the board are elected by majority vote from company 's shareholders. The Board of directors is split into 4 different committees. The first is the audit committee which is responsible for the integrity of the company 's financial statements, auditing and compliance with legal requirements. The second is the leadership development & compensation committee which is responsible for making sure the company 's leadership, compensation and benefits programs are managed. Also a nominating & corporate governance board committee is in place to ensure that issues pertaining the qualifications of future board members as well as creating retiring policies for...


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... we have covered the customers, let’s talk about the employees. Employee satisfaction is as important as customer satisfaction when it comes to The Home Depot. Policies such as the open door policy and no retaliation policy are some of the way they make sure the employees are able to communicate to management. If not, they are able to call Human resources or the aware line anonyms to make a complaint. A survey is given every year to find out from the employees how they feel about the company. The survey is used to give the employees a voice and fix issues they might be having. Employees also receive many benefits including 15% discount on stock, 401 k plans, heath insurance and many more. Employees do get discounts on several different companies but unfortunately do not receive any discounts on instore items but maybe it is something they can look into in the future.

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