Corporate Governance

The Board of Directors of Installed Building Products Inc. (the "Company") sets high standards for the Company's employees, officers and directors. Implicit in this philosophy is the importance of sound corporate governance. It is the duty of the Board of Directors to serve as a prudent fiduciary for shareholders and to oversee the management of the Company's business. To fulfill its responsibilities and to discharge its duty, the Board of Directors follows the procedures and standards that are set forth in these guidelines. These guidelines are subject to modification from time to time as the Board of Directors deems appropriate in the best interests of the Company or as required by applicable laws and regulations.

Executive Sessions – To ensure free and open discussions and communication among the non-management / independent directors of the Board, the non-management / independent directors meet in regularly scheduled executive sessions with no members of management present. At these meetings, Margot L. Carter serves as the Lead Independent Director who chairs the meetings and serves as a non-exclusive liaison among the independent directors and the other Board members.