Engaged Capital is committed to being a best-in-class money management firm. We hold ourselves to the highest ethical standards and strive for excellence in everything we do. The following principles govern how we run our business:

• Hold management and Boards accountable
• Represent all shareholders’ interests
• Communicate honestly and with transparency
• Deliver on all of our commitments
• Leave our portfolio companies in better shape than when we invested
• Seek to generate outsized returns for our investors
• Build an ownership culture inside Engaged Capital and externally with our portfolio companies
• Make Engaged Capital one of the most desired places to work in the industry