Governance

Code of Conduct: Our Code of Conduct is the primary set of principles that all Hasbro employees, directors and Executive leadership must follow. The Code addresses the behaviors and standards of professional conduct and provides guidance and policy on areas including conflicts of interest, anti-corruption, IP protection, financial integrity, legal compliance, insider trading and proper public disclosure. The Code is reviewed on an annual basis by our Legal Compliance team. Compliance with the Code is mandatory, and violation of the Code can result in a range of sanctions, including dismissal.

Corporate Governance Principles: Our Corporate Governance Principles guide governance at the Board level. These principles include topics like selection and composition of the Board, qualifications for members, director leadership/responsibilities, committees, self-assessments, access to management and independent advisors, and compensation.

Board Oversight: Our Board of Directors is comprised of experienced business leaders and executives with backgrounds relevant to Hasbro’s multi-faceted business. The Board is responsible for providing strategic direction, approving policies, and advising our Executive team. There are five standing committees in the Board of Directors: Audit Compensation Cybersecurity and Data Privacy Finance and Capital Allocation Nominating, Governance and Social Responsibility For more information about Hasbro’s Board of Directors and our Committees, please visit our Proxy statements.

Ethics

Corruption Prevention: We have a zero-tolerance standard for corruption, regardless of local norms or customs. We regularly monitor for corruption prevention through anti-corruption and anti-trust audits. Additionally, we provide centralized trainings and tools so employees can easily reference our policies and procedures. In cases where employees or third parties have concerns, they can anonymously report them via three channels: a tollfree hotline, email, and traditional mail. These channels are monitored and reviewed by our Legal team. In addition, allegations can also be reported directly to management or to our Legal and Human Resources teams. When necessary, follow-up investigations are conducted by experienced personnel from our Legal, Human Resources and Internal Audit teams.

Global Partnerships: We take a risk-based approach to prevent dishonest or fraudulent conduct with our global partners. As an example, we evaluate the Corruption Perceptions Index published by Transparency International and perform additional due diligence for partners who work in higher risk jurisdictions. Additionally, our Ethical Sourcing team works with licensees and factory partners to share and uphold our standards. In some cases, we work with and/or train partners to help them understand Hasbro’s expectations of ethics and compliance, especially as it relates to our anti-corruption standards.

ESG Governance

ESG governance starts with our Board of Directors (Board), with specific oversight by our Nominating, Governance and Social Responsibility Committee of the Governance Committee. ESG topics, such as climate and sustainability, human rights and ethical sourcing, are regular agenda items at Governance Committee meetings. The Governance Committee analyzes these issues and makes recommendations to the full Board. In addition, the Audit Committee of our Board oversees Securities and Exchange Commission (SEC) and public disclosures in specific matters, such as conflict minerals, and enterprise risk. The full Board receives regular updates regarding our ESG progress. In addition to Board-level governance, our CEO and the Executive Leadership Team (ELT) regularly review our ESG performance, progress and opportunities. Our ELT and members of our global corporate sustainability team meet several times a year to ensure management oversight of the Company’s ESG strategy, impact and performance. This group sets the direction for our global ESG strategy and ensures the integration of ESG throughout the organization and supply chain.