ABII » Topics » Acceptance of Gifts, Entertainment, Loans or Other Favors

These excerpts taken from the ABII 10-K filed Mar 31, 2008.

Acceptance of Gifts, Entertainment, Loans or Other Favors

Conflicts of interest are not always obvious, and many may arise despite an individual’s best intentions. While business courtesies are encouraged, the Company prohibits an individual (or someone from his or her immediate family) from receiving gifts, services, perks, entertainment or other items of more than token or nominal monetary value from the Company’s suppliers or customers (nominal value shall not exceed $25). Moreover, such gifts are permitted only if they are not made or received on a regular or frequent basis.

 

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In some countries outside of the United States, the non-acceptance of a gift may damage the business relationship with the vendor. In that case, the individual should consult with his or her manager or the Company’s Legal Department.

Acceptance of Gifts, Entertainment, Loans or Other Favors

FACE="Times New Roman" SIZE="2">Conflicts of interest are not always obvious, and many may arise despite an individual’s best intentions. While business courtesies are encouraged, the Company prohibits an individual (or someone from his or her
immediate family) from receiving gifts, services, perks, entertainment or other items of more than token or nominal monetary value from the Company’s suppliers or customers (nominal value shall not exceed $25). Moreover, such gifts are
permitted only if they are not made or received on a regular or frequent basis.

 


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In some countries outside of the United States, the non-acceptance of a gift may damage the business relationship with
the vendor. In that case, the individual should consult with his or her manager or the Company’s Legal Department.

BUSINESS RELATIONSHIPS

The Company seeks to outperform its competition fairly and honestly. The Company seeks competitive advantages through superior performance, not unethical
or illegal business practices. Each employee, officer or director should endeavor to deal fairly with the Company’s customers, suppliers, competitors and employees. None should take unfair advantage of anyone through manipulation, concealment,
abuse of privileged information, misrepresentation of material facts or any unfair business practice.

No employee may enter into any agreement binding the
Company without authorization. The Company has instituted contract and signature approval policies that identify those individuals who have the authority to approve and sign contracts binding the Company and its subsidiaries. If there are any
questions about which employees have signature authority for a given contract, contact the Chief Compliance Officer or the Company’s Legal Department.

SIZE="2">Officers, directors and employees are expected to maintain the confidentiality of information about projects, pricing or technology that is shared by the Company’s customers and/or suppliers. Individuals should refer to the
Company’s confidentiality agreement policy for further information.

EXCERPTS ON THIS PAGE:

10-K (2 sections)
Mar 31, 2008
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