Apple 2003 Annual Report Download - page 159

Employee bonuses or compensation arrangements
Employee loans
Miscellaneous expenses
Nondeductible expenses
Director and officer payments
•
Questionable payments to agents, consultants, or professionals whose backgrounds have not been adequately investigated, who do not
have signed contracts or letters of engagement, or whose association with Apple would be embarrassing if exposed.
• Payroll-related expenditures, bonuses, awards, and non-cash gifts given to or by Apple employees without proper approval and adequate
documentation.
• Payments made in cash.
•
Checks drawn payable to “Cash” or “Bearer”.
•
Transfers to or deposits in the bank account of an individual, rather than in the account of the company with which Apple is doing
business.
• Bank accounts or property titles not in Apple’s name.
•
Billings made higher or lower than normal prices or fees, at a customer’s request.
•
Payments made for any purpose other than that described in supporting documents.
•
Payments made to employees of customers or agencies through intermediary persons or organizations, or that seem to deviate from normal
business transactions.
•
Any large, abnormal, unexplained or individually approved contracts or expenditures made without review of supporting documentation.
Specific attention should also be given to large individual gifts.
• Unusual transactions occurring with nonfunctional, inactive, or shell subsidiaries.
•
Undisclosed or unrecorded assets or liabilities.
•
Use of unethical or questionable means to obtain information, including information about competitors or information about government
acquisition plans, procurement decisions, or actions.
•
An employment, consulting, or business relationship between an Apple employee and another company, especially a company in the same,
or a related, business as Apple.
•
Frequent trading (buying and selling over short intervals) in Apple stock or in the stock of a company with which Apple does business.
B. Apple compliance
Apple is committed to integrity in all of its dealings with employees, customers, and the general public.
Voluntary disclosures. In accordance with Apple’s commitment to an effective relationship with its customers, it is the Apple’s policy to make
voluntary disclosures, when appropriate, of problems affecting corporate relationships with any client, including any government body, and to
cooperate with the appropriate government agency in any resulting investigation or audit. Any Apple employee who becomes aware of
possible violations of any Apple policy or practice, or of any applicable law, rule, or regulation affecting Apple’s business, must notify his or
her manager or the Human Resources Department, as appropriate, and the Apple Law Department. The Apple Law Department must also be
notified immediately of any government inquiry, investigation, audit, or other legal notice.
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