Codes of Conduct

Ventas is committed to fair and ethical business conduct, consistent with its Global Code of Ethics and Business Conduct and Global Anti-Corruption Policy. We require our partners, suppliers and vendors, as well as their employees, agents and subcontractors, to embrace our commitment to integrity by complying with the Ventas Vendor Code of Conduct.

All of our employees are required to annually review our key policies, including our Global Anti-Corruption Policy and Global Code of Ethics and Business Conduct which contains anti-corruption guidelines. We also have periodic mandatory employee training focused on anti-corruption guidelines that are appropriate for our business. We encourage anyone (including employees, contractors, tenants and suppliers) to report in good faith any issues or concerns about potential ethical, legal or regulatory violations, including those regarding our internal controls or our accounting or audit practices, by contacting our Compliance Investigator (opens in new window).

For more information, see our Global Code of Ethics and Business Conduct and our Global Anti-Corruption Policy.

Anti-Harassment

Ventas is committed to providing all employees, employment applicants, workplace contractors, unpaid interns and volunteers with a work environment that is free from harassment. Our Anti-Harassment Policy outlines behaviors and conduct that are prohibited, including sexual harassment, on any legally protected basis.

Human Rights

Respect for human rights is fundamental at Ventas. We are committed to upholding human dignity and equal opportunity under principles outlined in the United Nation’s Universal Declaration of Human Rights. In addition to our Human Rights Policy, our Global Code of Ethics and Business Conduct and Vendor Code of Conduct embed the responsibility to respect human rights in all business functions, including our supply chain. Ventas further promotes human rights by encouraging social and environmental progress and better standards of life for our employees, those of our suppliers and the communities we serve. Fostering engagement with each of these groups is critical to our continued promotion of human rights.

Minimum Stock Ownership Guidelines for Executives

Our minimum stock ownership guidelines require each executive officer to maintain a minimum equity investment in our Company based upon a multiple of their base salary. Pursuant to our guidelines, each executive officer must achieve the minimum equity investment within five years from the date they first become subject to the guidelines and, until that time, must retain at least 60% of the after-tax shares of our common stock granted to the executive officer or purchased by the executive officer through the exercise of stock options. Shares held in a trust or foundation that are not reported as beneficially owned by the executive, performance awards that have not yet vested and stock options that have not been exercised are not included when calculating an executive officer's share ownership. Stock appreciation rights, if granted, and shares subject to floors, collars or other hedging arrangements, if permitted, also would be excluded from this calculation pursuant to the Company's policy.

Minimum Stock Ownership Guidelines for Non-Employee Directors

Our minimum stock ownership guidelines require each non-employee director to maintain a minimum number of shares of our common stock with a value not less than five times the current annual cash retainer paid to such director for service on our Board (excluding, among other things, any additional retainer paid for service as a committee member or committee chair or the Lead Independent Director). Each non-employee director must satisfy the minimum stock ownership levels within five years from the date that they first become subject to the guidelines (or, upon any increase in the annual cash retainer, within five years from the date of such increase). Until a non-employee director satisfies the minimum stock ownership guidelines, they must retain 100% of the shares of our common stock or stock units granted to them as compensation.