Sustainability: Governance Overview

The Nominating and Governance Committee of our Board of Directors provides oversight of our Sustainability Program and reviews and approves our annual Sustainability Report.

• Regular updates to the Nominating and Governance Committee and/or Board of Directors;
• Quarterly updates with the senior leadership team, including the CEO, CFO, Chief Legal Officer, and Chief Human Resources Officer, to review sustainability program progress and approve overall strategy;
• Frequent updates with the Chief Legal Officer, who has overall responsibility for the sustainability and EHS functions; and
• Bi-weekly meetings of the global sustainability steering committee to drive sustainability initiatives, including establishing goals and key performance indicators for each of our material topics to monitor and measure progress.

Our talented and diverse Board of Directors serves as a fiduciary to our stockholders and oversees the strategic direction of the company’s business. To fulfill its responsibilities, the Board maintains Corporate Governance Guidelines and various other governance documents.

Each of our directors’ biographies, and our overall Board diversity matrix and skills and experience information is included in our proxy statement filed with the Securities and Exchange Commission (SEC).

Our Board of Directors

(as of July 1, 2022)

• Members of the Board of Directors: 9
• Independent Directors: 7
• Lead Independent Director
• Separate Chairman and CEO
• Required Committees Consist of Entirely Independent Members
• Regular Non-Management Executive Sessions
• Mandatory Retirement Age: 75
• Majority Voting in Uncontested Director Elections
• Diverse Board Members (Race and Gender)
  • 22% female
  • 33% underrepresented minorities
• Robust self-evaluation process

Ethical decision-making and building relationships based on trust are critical components of our ability to thrive in a competitive marketplace. In our current business environment where ethical dilemmas are increasingly complicated, our Ethics & Compliance program is built upon a foundation of clear policies and procedures that establish our expectations for employees. We further provide employees with the necessary tools through training and communication to understand these expectations and how each of us contribute to our company’s integrity-based culture.

Just as Littelfuse is committed to the highest standards of social and environmental responsibility and ethical conduct, we expect our business partners to embrace these same requirements. Our suppliers are expected to conduct business with us in accordance with the Labor, Health & Safety, Environmental, Ethics, and Management System principles outlined in our Supplier Code of Conduct, which is based on Responsible Business Alliance (RBA) standards.

We distribute our Supplier Code of Conduct and Supplier Quality Manual to all new suppliers and request their acknowledgement of our expectations.

We strive to operate a reliable and responsible supply chain that is compliant with ISO9001, ISO 14001, and IATF16949 (for automotive products) requirements, as defined in our Supplier Quality Manual. Suppliers provide certificates of compliance to specific regulations including but not limited to Restriction on Hazardous Substances (ROHS), Registration, Evaluation and Authorization of Chemicals (REACH), and Halogen-free.