At Hormel Foods, we align our sustainability practices with our financial goals to guide 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 47 consecutive years, the company has increased its annual dividend. Since 2007, the return has been an annual dividend that increased an average of 15 percent per year.
In 2012, we improved our financial performance, setting new records for both earnings and sales. We achieved sales growth of 4 percent, exceeding $8 billion for the first time.
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. The Hormel Foods Board of Directors consists of 12 members, 10 of whom are independent. Of our 12-member Board of Directors, there are four women and three persons of color.
More information about our board structure can be found in the 2012 Proxy Statement.
To read more about our corporate governance and our policies on risk management, performance-based executive compensation and our anonymous employee feedback hotline, visit Corporate Governance.