The Code of business Conduct
(Code) contains principles that have long been part of TI's
values and ethics statements. Certain behaviors have been
specifically included in this Code in recognition of the growing
interest that investors have in the conduct of publicly held
companies, their employees and their directors. The public has
every right to know what TI standards are in these areas.
Furthermore, the public
legitimately expects TIers to know and adhere to the standards
of conduct. This Code is intended to comply with New York Stock
Exchange listing standards. Employees should refer to the
section entitled Compliance Procedures, Policies and Rules for
guidance on complying with the Code. No provision of this Code
may be waived for any director or executive officer without
approval of the TI board of directors and appropriate public
We do not take any role in any outside concern that
would adversely influence our TI responsibilities. When faced
with a potential conflict, we communicate with supervisors and
others to implement safeguards and take steps to prevent such a
conflict from materializing. We make full disclosure and
withdraw ourselves from discussions and decisions when our
personal interest appears to interfere with TI’s business
When exchanging business courtesies, meals and
entertainment, we avoid activities that could create even the
appearance that our decisions could be compromised.
We respect the rights and property of others, including
their intellectual property, and only accept their confidential
or trade secret information after we clearly understand our
obligations as defined in a non-disclosure agreement or similar
document. We protect and preserve TI assets, including TI
business opportunities and intellectual property, for TI’s
benefit and not for our personal benefit.
We compete fairly without collusion or collaboration
with competitors to divide markets, fix prices, restrict
production or allocate customers.
We assure that those who seek to do business with TI
have fair opportunities to compete for our business.
We provide full and accurate information for use in
internal and external reports.
We keep records that are verifiably accurate.
We use company assets for personal purposes strictly on
an infrequent basis with negligible expense to TI.
We recruit, train, promote and reward people based on
their performance and contribution.
We respect all TIers without regard to their position or
level within the organization.
We follow the Code and respect the codes of conduct and
rules of business of countries where we do business and abide
by their laws.
We comply with laws, rules and regulations and actively
promote awareness, understanding of and compliance with all
We promote awareness of laws against improper insider
trading and do not tolerate it.
We offer no payments or favors to influence others to do
We value open and fair competition and respect the
rights of our customers, suppliers and competitors just as we
expect our rights to be respected.
We actively encourage every TI employee, officer and
director to recognize and report any concern about possible
illegal or unethical behavior, and we ensure that such reports
made in good faith will be acted upon responsibly and without
We create a workplace where we feel free to express our
opinions and to raise questions and concerns in a safe and
supportive environment, without fear of harassment, retribution
or retaliation by peers or managers.