2017 Integrated Annual Report

GRI

Governance

Corporate Governance

Guided by our core value of doing the right thing, Clorox maintains rigorous corporate governance practices and internal controls, with oversight from the company’s board of directors as well as the chairman and chief executive officer, general counsel, chief financial officer and other members of the Clorox Executive Committee.

The Clorox Code of Conduct details the ethical and legal standards of behavior and business practices that are required of all our directors, executives and employees around the world. All 8,100+ individuals must complete training and/or certify compliance with the code.

We expect any organization that works with Clorox to mirror our values and business practices regarding legal and regulatory compliance, product quality, safety, human rights and treatment of employees. Before contracting with new business partners, we conduct a comprehensive assessment of capabilities, quality and safety standards, ethics and alignment with our trategy and core values to ensure they meet the ideals we’ve established for ourselves as a company.

On an ongoing basis, we also require key business partners to adhere to our Business Partner Code of Conduct. This code outlines expected practices of direct suppliers of goods, service providers, consultants, distributors, licensees, joint ventures, contractors and temporary workers in the areas of human rights and labor, health and safety, the environment, and business conduct and ethics.

33%

Of Board Are
Women

33%

Of Board Are
Minorities

36%

Of Clorox Executive
Committee Are
Women

All data as of June 30, 2017.

Reviewed by Ernst & Young LLP. Please refer to the Review ReportReview Report

Board of Directors

The 2017 fiscal year brought changes to board leadership and membership. Along with the appointment of Clorox CEO Benno Dorer to the role of chairman, Pamela Thomas-Graham was named the new independent lead director, making her one of only a select few minority women — approximately 1 percent overall — serving as lead directors on Fortune 500 boards nationwide. We also added three new directors over the course of the year: Dave Mackay, who brings deep operational and strategic experience in the consumer packaged goods industry; Amy Banse, who has an extensive background in media, digital and telecommunications; and Russell Weiner, an innovator in the digital consumer experience.

Benno Dorer1
Chairman and
Chief Executive Officer,
The Clorox Company

Pamela Thomas-Graham2
Lead Director of the Board;
Former Chief Marketing and
Talent Officer, Credit Suisse
Group AG

Amy Banse3
Managing Director and Head
of Funds, Comcast Ventures

Richard H. Carmona,
M.D., M.P.H., F.A.C.S.

Vice Chairman,
Canyon Ranch; former
U.S. Surgeon General

Spencer C. Fleischer
Managing Partner,
FFL Partners

Esther Lee
Executive Vice President —
Global Chief Marketing
Officer, MetLife Inc.

David Mackay4
Retired President and
Chief Executive Officer,
Kellogg Company

Robert W. Matschullat
Retired Vice Chairman
and Chief Financial Officer,
The Seagram Company Ltd.

Jeffrey Noddle
Retired Executive
Chairman, SuperValu Inc.

Carolyn M. Ticknor
Retired President,
Imaging & Printing Systems,
Hewlett-Packard Company

Russell J. Weiner5
President, Domino’s USA

Christopher J. Williams
Chairman and Chief Executive
Officer, The Williams Capital
Group L.P. and Williams
Capital Management LLC

  1. Mr. Dorer became chairman of the board of directors effective Aug. 15, 2016.
  2. Ms. Thomas-Graham was appointed lead director of the board effective Aug. 15, 2016.
  3. Ms. Banse joined the board of directors effective Sept. 15, 2016.
  4. Mr. Mackay joined the board of directors effective Aug. 15, 2016.
  5. Mr. Weiner joined the board of directors effective Feb. 6, 2017.

Clorox Executive Committee

The Clorox Executive Committee expanded at the onset of the 2017 fiscal year with the appointment of two new people to senior leadership. Now at 14 members, the management team brings a diverse set of experiences and backgrounds to Clorox — some promoted from within the Clorox ranks, others with valuable consumer packaged goods industry experience, and still others with deep experience in their area of expertise from the financial services, hospitality and tech sectors. Additionally, women make up 36 percent of the CEC, serving in the key roles of chief operating officer, general counsel, chief innovation officer and chief people officer. This leadership mix enables the company to provide the strategic direction necessary to succeed in a challenging business environment.

Standing from left to right:

Kirsten Marriner

Senior Vice President and Chief People Officer

Eric Reynolds

Senior Vice President and Chief Marketing Officer

Manjit Singh

Senior Vice President ­­and Chief Information Officer

Benno Dorer

Chairman and Chief Executive Officer

Linda Rendle

Senior Vice President and General Manager — Cleaning Division

William S. Bailey

Senior Vice President — Corporate Business Development

James Foster

Executive Vice President — Product Supply, Enterprise Performance and IT

Denise A. Garner

Senior Vice President and Chief Innovation Officer

Michael Costello

Senior Vice President — International Division

Jon Balousek

Senior Vice President and General Manager — Specialty Division

Matt Laszlo

Senior Vice President and Chief Customer Officer

Seated from left to right:

Laura Stein

Executive Vice President — General Counsel and Corporate Affairs

Dawn Willoughby

Executive Vice President and Chief Operating Officer

Steve Robb

Executive Vice President and Chief Financial Officer