Lowe's maintains memberships in national and state trade associations specific to business and retail industry interests, such as the Retail Industry Leaders Association (RILA) and various state retail organizations. These groups provide significant benefits to Lowe's and our shareholders by giving Lowe's access to their business, technical and industry expertise, by providing a forum for their members and by lobbying on our behalf on various public issues and policies.
Political action committee
Lowe's sponsors a political action committee (LOWPAC) to contribute to candidates and other political committees supportive of our business interests. LOWPAC is funded by voluntary employee contributions. Before making contributions, LOWPAC undergoes a process to ensure the contribution will serve as an effective means of advancing the company's public policy position. This determination is made by LOWPAC's board of directors, including Lowe's vice president of government affairs, senior management and general counsel.
Factors the LOWPAC board considers when making contributions:
- Does the company have significant economic interests (stores, distribution centers, etc.) in the candidate's district?
- What is the candidate's position or voting record on issues important to Lowe's?
- Does the elected official sit on a committee with oversight of issues of importance to Lowe's?
- Do other national retail trade associations or business groups also support the candidate?
Lowe's is fully committed to complying with all applicable laws regarding political contributions and expenditures, including laws requiring public disclosure. All contributions are reviewed and approved in advance by Lowe's vice president of government affairs and Lowe's general counsel, when necessary. As required, these activities are reported quarterly on various public websites, including www.fec.gov, www.house.gov, www.senate.gov and www.secretary.state.nc.us/corporations.