We are committed to conducting business with a high level of integrity, a business value that is the foundation of all of our decisions and actions. We are acutely aware of our responsibility to have the appropriate governance structure and management systems in place for anticipating, planning and managing corporate initiatives. Our governance structure includes accountability to key stakeholders as well as policies and management systems that contribute to efficient and effective operations. We believe that effective corporate governance is an essential driver of stockholder value and a key component of sustainability at successful companies.
On July 15, 2021, as part of its regular review of the corporate governance practices of WEC Energy Group, Inc. (the “company”), the board of directors of the company adopted certain amendments to the Code of Business Conduct (the “code”), effective July 15, 2021. The code applies to all employees, including the chief executive officer, chief financial officer and controller. The amendments consisted of technical and administrative updates; clarification regarding possible company actions in response to code violations; and the addition of a section dedicated to anti-bribery and corruption to make the company’s prohibition explicit.