Governance
& Integrity

Lincoln Electric is known for its integrity and rigorous corporate governance practices. Our approach emphasizes disciplined management by our officers and Board of Directors to achieve profitable growth while strategically balancing sustainability and risks to maximize shareholder value. We adhere to our ethical commitments in every aspect of our business, including our commitments to each other, in the marketplace and with global and government organizations.

Lincoln Electric’s governance, compliance and strategic direction is overseen by our Board of Directors, executive officers and select senior management. Our Board is comprised of experienced directors who offer a broad range of experience and skills that includes risk management, financial expertise, dealing with large, complex multinational organizations, scientific and technical expertise, operations, have led as chief executive officers of publicly listed companies, and who are independent. Our Board provides the highest level of oversight of our organization through four independent committees:

  • Audit
  • Finance
  • Compensation and Executive Compensation,
  • Nominating and Corporate Governance

Committee composition and charters may be found here.

Our Board of Directors is comprised of 11 directors, including our Chairman and Chief Executive Officer. The Board has 10 independent directors as defined by NASDAQ, including an independent Lead Director. While we do not have a formal policy regarding Board diversity, the Board recognizes the value of diversity and is proud that 27% of our Board is diverse, including two women board members and one minority board member. When considering Director candidates, the Board additionally focuses on ensuring the appropriate combination of professional experience, skills, perspectives and experience that meet our current and expected future needs.

Our governance framework can be found in our Governance section here as well as in our Proxy Statement (PDF). Key policies addressing these important governance-related topics are provided on this site:

  • Code of Corporate Conduct and Ethics
  • Human Rights Policy
  • Anti-Corruption Policy
  • Environmental Health & Safety Policy
  • Supply Code of Conduct Policy
  • Slavery & Human Trafficking Disclosure
  • Conflict Minerals Policy

2018 World's Most Ethical Companies

Lincoln Electric was named one of the 2018 World's Most Ethical Companies® by The Ethisphere Institute.

We were one of only two honorees in the Machine Tools & Accessories industry, underscoring our commitment to leading with integrity and prioritizing ethical business practices.

Next: Code of Conduct
Learn More About Our Sustainability Efforts