100 Strong Corporate Governance The Chief Compliance Officer oversees our overall compliance efforts, and has the authority to report and communicate directly with the Audit Committee. Our Code of Business Conduct and Ethics mirrors what our company stands for, reinforcing our commitment to act with integrity toward Each Other, our Shareholders, the Marketplace and our Business Partners. Our corporate governance policies guide us as we conduct business in a fair, compliant, ethical and honest way. In 2021, our employees received more than 643,000 aggregate hours of training in compliance-related and other matters, including conduct and ethics, helpline reporting, anti-bribery, data privacy, human rights and information security. We provide employees, directors, business partners and others an external “Ethics Helpline” to address questions or report concerns about suspected or known unethical behavior. All reports to the helpline or otherwise are fully investigated, are confidential, can remain anonymous, and can be made without fear of dismissal or retaliation. Governance policies including our Code of Business Conduct and Ethics; Corporate Governance Guidelines; Policy on Political Contributions, Lobbying and Trade Associations; Human Rights Policy; Anti-Bribery and Anti-Corruption Policy; our Conduct Guidelines for Business Partners and other policies are published on our website at www.valero.com > Investors > ESG > Corporate Governance Documents. “An ethical workplace doesn’t ‘just happen.’ It takes consistent hard work and commitment from all of us. We also expect our business partners and individuals working on our behalf to be guided by these standards.” - Joe Gorder , Chairman and CEO The Nominating and Corporate Governance Committee , renamed in 2022, assists the board in its oversight responsibilities with respect to corporate governance risks, including those concerning governance policies and practices such as related- party transactions. The committee is responsible for identifying and recommending individuals qualified to become directors, overseeing annual performance self-evaluations, and developing and maintaining Valero’s new director orientation and director continuing education programs. 3 4 The Sustainability and Public Policy Committee was created in 2022 to further enhance the board’s oversight structure and efforts with respect to i) ESG; ii) sustainability and climate-related risks and opportunities; iii) HSE matters; iv) corporate responsibility and reputation management; v) social, community and public policy initiatives; vi) political and lobbying activities; and vii) compliance with legal and regulatory requirements for the operations of the company. Valero’s energy strategy is a priority and focus for the full board. In fact, our energy transition strategy was the key topic at our annual strategic planning meeting in 2021, which lasted three days and featured presentations from outside third-party experts on climate, liquid fuels, energy transition and policy matters.