VALMONT INDUSTRIES INC

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Our Political Contributions Policy prohibits the use of Company funds for political purposes.

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There is an international whistleblower system implemented for all global employees.

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Recruitment, Retention and Advancement

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Our compensation program provides competitive base salaries, annual performance-based incentives for many employees, and annual equity grants to over 300 employees. Employees and their families are offered a comprehensive total well-being benefits package to ensure their personal and family’s overall wellness needs are met including medical and dental insurance, paid time off, employer paid life insurance and short term and long term disability, retirement plans, and voluntary programs like tobacco cessation, Type 2 diabetes reversal, mortgage services, home and auto insurance and health coaching.

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All qualified applicants receive consideration for employment. The Company receives over 45,000 applications for over 2,500 open positions each year. During 2023, approximately 45% of all open positions were filled from within or referred from current employees.

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The Board of Directors annually reviews high performing and high potential talent, diverse talent and a succession plan for critical roles.

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Safety

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We are committed to creating a culture where a healthy and safe workplace is recognized by everyone as essential to our success.

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The Human Resource Committee receives periodic safety reports, including total recordable incident rates and lost time incident rates within Valmont. The Company reported in 2023 a 18.5% reduction in total recordable incident rates since 2021 and a 28.3% reduction in lost time incident rates since 2021.

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Valmont has a service called WorkCare Incident Intervention to help improve the health and safety of our employees in the United States. This service provides immediate and ongoing support to employees who have been involved in a workplace incident and includes a team of trained professionals and an incident management system.

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We have implemented a Health and Safety Playbook globally to ensure all operations adhere to health and safety standards. The Playbook outlines Valmont activities and policies specific to life saving initiatives, occupational health, and business continuity. The Playbook is designed to lead to a reduction in workplace incidents and injuries, and improve compliance with applicable regulations.

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