Our Commitment to Good Governance

Message From Susan Street Whaley

Susan Street Whaley

Chief Legal Officer and Secretary

At P&G, we serve nearly five billion people around the world with one of the strongest portfolios of trusted, quality, and leadership brands. How we serve the world’s consumers matters, and we have committed – publicly and within – to doing what is right and to being a good corporate citizen. A sustainably strong business depends on maintaining trust, and that requires adopting strong ethical and compliance standards and ensuring strong Board leadership and oversight. That is why Good Governance is the foundation for everything we do, including our Citizenship work — the base from which it all builds — rather than a separate focus area. From long experience, we know that a sustainably strong business depends on maintaining strong ethical, compliance and quality standards. It is equally true that for all our citizenship work to be credible and impactful, it must be firmly rooted in our Purpose, Values and Principles.

Our Commitment to Good Governance

From experience, built over nearly 185 years, we know that a sustainably strong business depends on maintaining strong ethical, compliance and quality standards. It is equally true that for our Citizenship work to be credible and impactful, it must be firmly rooted in our Purpose, Values and Principles (PVPs). Most critical though, is that our PVPs and standards come to life, by forming the basis through which our employees do their work to improve consumers’ lives each and every day.

(Data as of November 2021)

Shareholder Engagement

We value our relationships with all our shareholders. Engagement builds mutual understanding and a basis for progress, and the input we receive from them impacts and informs our corporate practices. The Company’s top 100 institutional shareholders collectively own over 50% of the Company’s outstanding shares of common stock, and we generally focus our proactive shareholder outreach efforts on these shareholders. These engagements have included members of our senior management, investor relations team, and subject matter experts from the Company, as well as Directors. We also solicit off-cycle, follow-up engagements where we believe further discussion and feedback on our actions would be beneficial. Our team is available via Investor Relations or the Corporate Secretary’s Office (CSO).