Code of Business Conduct and Ethics
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Title: |
Code of Business Conduct and Ethics |
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Entities: |
Abercrombie & Fitch Co. |
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Date: |
2006 |
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Size: |
Preview shows 8KB of 24KB total |
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Price: |
$43 |
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ID: |
#2155630 |
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Start of
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Abercrombie & Fitch Co.
CODE OF BUSINESS CONDUCT AND ETHICS
OVERVIEW
Success in personal or business relationships requires conduct dictated by four basic principles: honesty, integrity, intellect and compassion. While deviation from these principles sometimes appears to produce benefits, these benefits are generally short lived and lead to long term damaging results.
It is the policy of Abercrombie & Fitch Co. (A&F) and its operating subsidiaries (the Company) to adhere to the highest standards of integrity and to apply these standards fairly and consistently in every area of the business throughout the world. Every associate, including every officer and director (collectively associates), shares an obligation to protect and strengthen the reputation of the business in all relationships with customers, associates, suppliers, competitors, investors, and governmental agencies.
Each associate is commissioned by the Company to diligently perform assigned processes and work. These duties will involve business relationships with individuals both inside and outside the Company, and with other companies and organizations. In performing their duties, associates must act in accordance with the law, fully considering the Companys rights, interests and ethical responsibilities. It is prudent for each associate to protect his or her own good reputation and also that of the Company, and to avoid transactions or situations in which his or her own interests conflict, or could be construed to conflict, with those of the Company.
It is not possible to cover all situations to which this Code of Business Conduct and Ethics (the Code) applies. Consequently, all associates may from time to time encounter situations that require interpretation, and they should not proceed with any questionable activities until proper clarification is received. Any questions regarding the interpretation of laws, rules or regulations as they apply to the operations of the Company should be referred to the Vice President, Human Resources, the Vice President, Finance, the Chief Financial Officer, the Director of Internal Audit, the General Counsel or the Chief Operating Officer of A&F for resolution.
This Code has been adopted by the Board of Directors of A&F to demonstrate to the public and A&Fs shareholders the importance that management and the Board of Directions place on ethical conduct. The Code outlines certain specific areas where associates should exercise good judgment and, in some cases, caution as they discharge their decision-making responsibilities as they relate to Company affairs.
COMPLIANCE WITH LAWS, RULES AND REGULATIONS
Every associate, while acting on behalf of the Company, will comply with all applicable governmental laws, rules and regulations. Company transactions that are unusual in nature may require review by outside auditors or counsel before proceeding.
Officers of the Company will diligently review all foreign, federal, state or local laws, rules, regulations or administrative procedures that affect the operation of the business. Compliance will be monitored and detected deviations will be promptly corrected.
Merchandise offered for sale by the Company will comply with all known safety standards. This will not only meet legal requirements but also serve to promote brand quality. It is expected that all advertising to the public regarding merchandise quality or pricing will be true and not in anyway intentionally misleading or deceptive.
Associates responsible for purchasing or producing merchandise will be required to understand and ensure compliance with applicable laws, rules, regulations and policies as well as the Companys guidelines for vendor standards and relationships.
It is expected that the Company and all associates will comply with all computer software copyright laws. The use of computer software on PCs or other computers by associates in any manner not specifically authorized by the Companys guidelines is prohibited.
The Company will adhere to its employment policies of non-discrimination as it relates to race, color, religion, age, gender, sexual orientation or handicap and will ensure compliance with all legal and other regulations governing employment. Management will not tolerate discrimination of any kind among associates, including sexual or racial harassment.
The Company will fully cooperate with law enforcement authorities to aid in the investigation and appropriate prosecution of any associated individual(s) involved in alleged illegal activity.
PAYMENTS TO GOVERNMENTAL OFFICIALS
The U.S. Foreign Corrupt Practices Act prohibits giving anything of value, directly or indirectly, to foreign governmental officials or foreign political candidates in order to obtain or retain business. The promise, offer or delivery to an official or employee of the U.S. government of a gift, favor or other gratuity is likewise prohibited. State and local governments may have similar rules.
Associates who may be affected by these laws, rules and regulations must understand when their actions may violate them and place the Company, as well as themselves, in jeopardy.
No gift or payment of any questionable, improper, or illegal nature will be allowed by or on behalf of the Company, directly or indirectly, regardless of motive, to or for the benefit of any governmental agency, officials, or their families or associates. Governmental officials include elected or appointed officials of any foreign or United States federal, state, county, municipal or other political subdivision, and agencies thereof.
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