Financials & Governance
At Hormel Foods, we recognize that our sustainability practices directly align with our financial goals, and thus sustainability serves as a guide to our day-to-day business operations. In this way, we excel as a company and improve our sustainability performance while adhering to the highest standards of ethics.
For 49 consecutive years, the company has increased its annual dividend. Since 2007, the average dividend growth rate is 15 percent per year.
Hormel Foods continues to grow, achieving sales growth of 6 percent and increasing earnings per share by 14 percent in 2014 to a record $2.23 per share.
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Governance structure of the organization, including committees under the highest governance body responsible for decision-making on economic, environmental and social impacts.
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Process for determining remuneration and relationships with remuneration consultants.
Governance and Policies
The Board of Directors oversees all activities at Hormel Foods and assumes the ultimate responsibility of ensuring that the company’s performance is based on strong ethical practices and aligned with the Code of Ethical Business Conduct. In 2014, the Hormel Foods Board of Directors consisted of 14 members, 12 of whom were independent. Of the 2014 14-member Board of Directors, there were four women and five persons of color.
Additional information about our board structure can be found in our 2014 Proxy Statement.
To read more about our corporate governance and our policies on risk management, performance-based executive compensation and our anonymous compliance hotline and website, visit Corporate Governance on our corporate site.