WMT » Topics » OUR THREE BASIC BELIEFS

This excerpt taken from the WMT 8-K filed Jan 26, 2005.

OUR THREE BASIC BELIEFS

 

When Sam Walton founded Wal-Mart Stores, Inc. (“Wal-Mart”), he established the “Three Basic Beliefs” to which we remain firmly committed:

 

    Respect for the Individual

 

    Service to our Customers

 

    Strive for Excellence

 

The Three Basic Beliefs go hand in hand with the integrity and ethical conduct that is the foundation of our business.

 

GUIDING ETHICAL PRINCIPLES

 

As Wal-Mart Associates and Directors, we must:

 

•      Follow the law at all times;

 

•      Be honest and fair;

 

•      Never manipulate, misrepresent, abuse or conceal information;

 

•      Avoid conflicts of interest between work and personal affairs;

 

•      Never discriminate against anyone;

 

•      Never act unethically - even if someone else instructs you to do so;

 

•      Never ask someone to act unethically;

 

•      Seek assistance if you have questions about this Statement of Ethics or if you face an ethical dilemma;

 

•      Cooperate with any investigation of a possible ethics violation; and

 

Report ethics violations or suspected violations.

 

This Statement of Ethics provides an introduction to the responsibilities of all Associates, along with an overview of certain important policies. This Statement of Ethics is an important part of employment with Wal-Mart, but is not intended to create an express or implied contract of employment in and of itself. The policies of Wal-Mart may be modified at our sole discretion, without notice, at any time. Employment with Wal-Mart is on an at-will basis, where permitted by law, meaning Associates are free to resign at any time for any or for no reason and Wal-Mart may terminate an Associate at any time for any or for no reason.

 

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