Company: LPX
Filing Date: 2025-03-27
Form Type: DEF 14A
Source: 0001104659-25-028584
Chunk: 29

Company: LOUISIANA-PACIFIC CORP
Filing Date: 2025-03-27
Form: DEF 14A
Chunk 29
---
 all elements of compensation of directors; LOUISIANA-PACIFIC CORPORATION ● 2025 PROXY STATEMENT | 28 TABLE OF CONTENTS CORPORATE GOVERNANCE » developing, and recommending for consideration by the Board, a set of corporate governance guidelines applicable to LP and reviewing charters of all committees of the Board; » managing the process of evaluating the Board and its committees, with feedback from the Lead Independent Director, and assessing the effectiveness of the Governance Committee, including the adequacy of its charter, at least annually; » considering and making recommendations to the Board regarding LP’s Bylaws, stockholder proposals and other corporate governance items that may arise from time to time; » managing the CEO selection and evaluation process used by the Board and reviewing management succession processes; » providing oversight and direction on LP’s (i) sustainability strategy, initiatives and performance and (ii) safety, environmental and product quality policies and practices; » reviewing annually the Board’s approach to oversight of LP’s ESG reporting, including its periodic ESG reports; » reviewing the implementation of LP’s safety products and trends and the environmental performance of LP as it affects employees, communities, vendors and customers; » reviewing and implementing LP’s product quality policies and standards, including claims and quality incident reports; » overseeing LP’s (i) programs for ethics and business conduct, including reviewing matters raised through LP’s confidential hotline reporting service, and (ii) political activities and advocacy, including political fundraising and contributions; » reviewing, at least annually, LP’s ethics and business conduct practices, trends and issues, and reporting to the Board on findings related thereto; » providing oversight of LP’s compliance with federal and state laws, regulations and rules; » providing oversight and policy direction on diversity and employee satisfaction; and » providing oversight of certain risks related to corporate governance as described under the heading “—Oversight of Risk” above. In 2024, the Governance Committee sought input from FW Cook related to director compensation, including competitive positioning of director pay. The Governance Committee charter requires that each member of the Governance Committee be an independent director. The Board has determined that each member of the Governance Committee has met the independence requirements of the NYSE listing standards. ANNUAL BOARD AND COMMITTEE SELF-EVALUATION PROCESS LP’s Board believes that periodic self-evaluation is important to its ongoing effectiveness. The Board and each of its committees conduct annual self-evaluations to assess whether they are functioning effectively and to provide an opportunity to reflect upon and improve processes and effectiveness. The Governance