Governance and Ethical Business Practices

We believe that one of our most valuable corporate assets is our reputation for honesty, fairness and candor in all our business activities. It is the responsibility of everyone associated with STORE to protect and enhance our corporate integrity. Accordingly, STORE is committed to the principles of good corporate governance and has implemented internal policies and procedures to ensure that its governance practices are best in class and that its directors, officers and employees conduct business with integrity and in accordance with the highest ethical standards.

  • Corporate Governance. We believe that effective corporate governance is critical to our ability to create long-term value for our stockholders. STORE has adopted Corporate Governance Guidelines and otherwise structured its corporate governance in ways that strive to align its interests with those of its stockholders. Learn More
    • We have an independent Board and committees. The majority of our Board members, including our Chair, are independent and we have fully independent Audit, Compensation and Nominating and Corporate Governance Committees.
    • We value Board refreshment. Four of our eight directors have joined the Board since the beginning of 2016.
    • Our Board and management team are diverse. Two of our directors, two of our top four executive officers, and seven of our nine top officers are women.
    • We value transparency. We are a leader in providing detailed disclosures about our business to our stockholders.
    • We proactively engage with our stockholders. We conduct regular and active stockholder engagement on matters related to corporate governance and responsibility.
    • We seek to have best in class governance practices. Our Nominating and Corporate Governance Committee plays an active role in managing corporate governance and reputational risk and in developing and adopting corporate policies, processes and procedures that ensure full compliance with the rules and regulations of the US Securities and Exchange Commission (SEC) and the New York Stock Exchange (NYSE) and that benefit our stockholders.
  • Ethical Business Practices. We have adopted business and workplace policies that apply to all our directors, officers, and employees and that seek to create a culture that values honesty, high ethical standards and compliance with laws, rules and regulations.
    • Code of Conduct. Our Board has adopted a Code of Business Conduct and Ethics (the “Code”) to assist all STORE personnel in striving to achieve the highest standards of ethical conduct. The Code sets forth basic principles and methods for resolving our business conduct and ethical situations as they arise and requires all our directors, officers and employees to conduct themselves at all times in an honest and ethical manner and to seek to avoid even the appearance of improper behaviour. Learn More
    • Other Policies. In addition to the Code, STORE has approved corporate policies in the following areas, among others: equal opportunity employment, sexual harassment, workplace harassment and insider trading. STORE has also implemented a “whistleblower” policy that that allows directors, officers, and employees to file reports on a confidential and anonymous basis regarding any impropriety. Learn More
  • Risk Oversight. Our Board oversees the proper safeguarding of STORE’s assets, the maintenance of appropriate financial and other internal controls and STORE’s compliance with applicable laws and regulations and proper governance. Inherent in these responsibilities is the Board’s understanding and oversight of a company-wide approach to risk management that is carried out by our senior leadership team. The Board determines the appropriate risk for us generally, assesses the specific risks faced by us and reviews the steps taken by our senior leadership team to manage those risks. The Board’s committees assist in discharging the Board’s risk oversight role by performing the subject matter responsibilities set forth in their respective charters. The Board retains full oversight responsibility for all subject matters not assigned to a committee. In fulfilling its risk management responsibilities, the Board recognizes that it is neither possible nor prudent to eliminate all risk and that purposeful and appropriate risk taking is essential for STORE to be competitive in its industry and to achieve its long-term strategic objectives.
  • Stockholder Focus. Our Board and management believe that our stockholders have the right to direct the future course of our company. For that reason, we have opted out of the control share acquisition statute and the business combination provisions of the Maryland General Corporation Law (called the “Maryland Unsolicited Takeover Law” and often referred to as “MUTA”) and we may not opt back in to these provisions without stockholder approval. In addition, we do not maintain a stockholder rights plan (referred to as a “poison pill”) and will not adopt one in the future without (a) the advance approval of our stockholders, or (b) seeking ratification from our stockholders within 12 months of the adoption of any such plan in cases where the Board determines, in the exercise of its duties under applicable law, that it is in the company’s best interest to adopt a rights plan without the delay of seeking prior stockholder approval.
  • Stockholder Engagement. We engage with our stockholders through a multi-pronged program pursuant to which we seek input, address questions and concerns, and provide perspective on Company policies and practices to our stockholders throughout the entire year. The components of our program include (i) our direct outreach to investors, (ii) our biennial Investor Day, (iii) our annual meeting of stockholders, (iv) the issuance of an annual stockholder letter by our Chief Executive Officer, Christopher H. Volk, and (v) our preparation and filing each quarter of a detailed investor presentation. In developing our approach to stockholder engagement, our principal goal is to develop strong relationships with our key stockholders that will allow us to understand those issues that are most meaningful to them, thereby giving us insight into stockholder support of any initiatives and strategies that we propose to implement in furtherance of our long-term growth, improved governance or other matters. We recognize that stockholders are the owners of the company and we use every component of the engagement effort to provide stockholders with detailed disclosures about our business and our thoughts on relevant issues, including the rationale for our corporate strategy.