The Benefits of Accountability
Good governance is our way of ensuring Marathon Petroleum is faithful to our mission and accountable to our shareholders, our customers, our strategic partners and our employees. The ethics we live by, as well as the policies and procedures we have in place to guide our business practices – under the watchful eye of a discerning board of directors – provide structure and stability, characteristics that are appealing to smart investors.
We have an experienced leadership team that boasts extensive industry experience. This team leads the company's operations and talented workforce to deliver results, adhere to our values and grow our business while driving shareholder value.
Board of Directors
Our board provides oversight for all company operations and activities. We are proud to have a group of directors with a range of backgrounds and expertise. They see that we are all operating in accordance with our values, ensure we adhere to strict governance and always maintain transparency.
The Marathon Petroleum Code of Business Conduct lays the foundation for good business decisions. No single document can list and explain every question or business practice. The words found throughout the code include trust, respect, dignity and honesty and provide overall guidance.
Code of Ethics for Senior Financial Officers
Pursuant to Section 406 of the Sarbanes-Oxley Act of 2002 and its associated regulations, the Corporate Governance and Nominating Committee approved and adopted a Code of Ethics for Senior Financial Officers, which is set forth below.
Policies and Guidelines
Marathon Petroleum Corporation has adopted the following corporate governance policies, guidelines and procedures:
Restated Certificate of Incorporation and Bylaws
The Restated Certificate of Incorporation of Marathon Petroleum Corporation was filed with the secretary of state of the state of Delaware on Oct. 1, 2018.
The board of directors also adopted and approved the Marathon Petroleum Corporation amended and restated bylaws, effective July 27, 2021.
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