To Shareholders, Customers, Franchisees and Employees:
Snap-on is committed to conducting business and making decisions honestly, ethically, fairly and within the law. We are also dedicated to earning and keeping the trust and confidence of our shareholders, customers, franchisees and employees. It is critical to the continued success of our corporation.
The Snap-on Governance Guidelines and Committee Charters assist the Board of Directors and its committees in the exercise of their responsibilities, which includes ensuring that the management team is making informed decisions that aim to enhance long-term shareholder value. It is the Board's commitment to monitor the effectiveness of policy and decision-making both at the Board and management level, and demonstrate integrity in all of our actions.
Nicholas T. Pinchuk
Chairman and Chief Executive Officer
The Corporate Governance Guidelines have been adopted by the Board of Directors (the “Board”) of Snap-on Incorporated (the “Company”) to assist the Board in the exercise of its responsibilities. These Corporate Governance Guidelines reflect the Board’s commitment to monitor the effectiveness of policy and decision-making both at the Board and management level, with a view to enhancing long-term shareholder value. These Corporate Governance Guidelines are not intended to change or interpret any Federal or state law or regulation, including the Delaware General Corporate Law, or the Certificate of Incorporation or By-laws of the Company. These Corporate Governance Guidelines are subject to modification from time to time by the Board.