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Approximately 48% of the reports containing allegations were found to be substantiated.All substantiated reports resulted in either training, coaching, policy review or disciplinary action.Fifty one percent of the reports received were made anonymously.Out of the 865 total reports, 110 were requests for guidance.Senior executives form our Ethics and Compliance Leadership Council, which focuses on monitoring the effectiveness of our program and providing guidance and input into Program-related initiatives.VF’s of Ethics and Compliance, manages the Program’s day-to-day operations.By setting forth the high standards that VF expects, our Code of Conduct serves as a pledge we make to our shareholders, our customers and each other.

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At VF, everyone is expected to demonstrate the characteristics of a leader.

Through collaboration with Ethics and Compliance liaisons worldwide – associates who support our program in addition to their primary responsibilities – we strive to ensure a collaborative and inclusive perspective in the way we manage our Program across the globe.

In 2017, our Board of Directors adopted an updated Code of Business Conduct, which applies to all VF directors, officers and associates.

VF also provides more detailed policies and procedures for demonstrating ethical behavior, many of which are referenced in the Code.

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Our Code contains Q&A scenarios to demonstrate ways in which our core values can come to life in our day-to-day interactions with others.

As one of the largest apparel and footwear companies in the world, we have a responsibility and an opportunity to lead our industry toward a better future.