GOVERNANCE

We are proud of the governance provided by our Board of Directors, which is comprised of established leaders within our communities who have the experience and judgment necessary to carry out its functions on behalf of our stockholders.

Corporate Governance Guidelines of the Board

The Board has established and approved Corporate Governance Guidelines. These are examined by the Board periodically in light of evolving standards of corporate governance.

Code of Ethics

Lakeland also has developed a Code of Conduct, which is a collection of certain rules and policy statements periodically examined and approved by the Board that are intended to assist and guide employees and directors in making decisions about their conduct in relation to Lakeland's business.

Committees

The Board as a whole is responsible for the oversight of management on behalf of Lakeland's stockholders. The Board accomplishes these functions acting directly and through several Board committees, which include: Audit, Compensation, and Nominating and Corporate Governance. The Audit Committee is responsible for reviewing the reports submitted by Lakeland's independent registered public accounting firm and internal auditor and for reporting to the Board on significant audit and accounting principles, policies, and practices related to Lakeland. The Compensation Committee makes recommendations to the Board concerning compensation for Lakeland's executive officers and directors and generally oversees all compensation programs. The Nominating and Corporate Governance Committee is responsible for interviewing potential candidates for election to the Board and for nominating individuals each year for election to the Board. In addition, this committee is responsible for developing, recommending to the Board and reviewing annually the Board's Corporate Governance Guidelines, including the Code of Ethics.

The current composition of the committees, along with links to their respective charters, is set forth on the attached matrix which can be viewed by clicking here.