Politcal Activities
Albemarle is committed to participating constructively in the political process with the ultimate goal of advancing and protecting the best interests of the company and our stockholders and employees.
The political process significantly impacts Albemarle through government policies, legislation and regulatory decisions. Through our participation, we promote legislative and regulatory actions that further Albemarle’s business objectives and work to
protect the company from unreasonable, unnecessary or burdensome legislative or regulatory actions at all levels of government. We are fully committed to conducting our political activities in compliance with all applicable campaign finance laws and
reporting requirements and in accordance with the Albemarle Corporation Political Contribution Policy.
Federal Contributions
The Albemarle Corporation Political Action Committee (the “Albemarle PAC”) is registered with the U.S. Federal Election Commission and permitted to make contributions at the Federal level. The Albemarle PAC provides eligible employees with the opportunity
to support candidates who have demonstrated support for the principles to which we are dedicated. The political contributions made by the Albemarle PAC are funded entirely by the voluntary contributions from eligible employees. A committee composed
of Albemarle’s Chairman, President & Chief Executive Officer; Executive Vice President, Chief Administrative Officer & General Counsel; Executive Vice President & Chief Financial Officer; and other senior officers of Albemarle, with the advice and
assistance of Albemarle’s Government Relations Office, is responsible for overseeing the contributions and activities of the Albemarle PAC. We do not make political contributions at the federal level using corporate funds.
State and Local Contributions
Albemarle’s contributions at the state and local level are based on advancing the best interests of Albemarle and its stockholders and employees, including consideration of Albemarle’s interests in a particular state, legislative activity in that state,
Albemarle facilities and employees in that state and local political factors. Albemarle’s Chairman, President & Chief Executive Officer; Executive Vice President, Chief Administrative Officer & General Counsel; Executive Vice President & Chief Financial
Officer; and other senior officers of Albemarle, with the advice and assistance of Albemarle’s Government Relations Office, are responsible for overseeing Albemarle’s contributions at the state and local level.
Independent Expenditures and Super Pacs
Neither Albemarle nor the Albemarle PAC intends to make “independent expenditures” or contributions to political committees that make such independent expenditures ("Super PACs") in connection with any federal or state election. If Albemarle or the Albemarle
PAC changes its general guidelines to allow independent expenditures or contributions to Super PACs, we expect that any such expenditures or contributions would be disclosed in Albemarle’s Annual Report setting forth its political contributions.
Board Oversight
Our Health, Safety & Environment Committee is responsible for overseeing Albemarle’s political contributions. The Health, Safety & Environment Committee receives periodic updates regarding Albemarle’s political activities, including corporate contributions
and contributions by the Albemarle PAC.
Transparency
Albemarle supports transparency in the political process and has, on an annual basis commencing in 2014, publicly disclosed its corporate political contributions and political contributions by the Albemarle PAC.
Politcal Participation By Employees
We value the right and responsibility of our employees to participate in the political process. Such personal participation, however, must not suggest Albemarle’s support and must not be conducted on company time or involve the use of Albemarle resources.
Albemarle will not require employees to make personal political expenditures, including contributions to the Albemarle PAC, or take any retaliatory action against employees who do not.