Apple 2011 Annual Report Download - page 95

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Responsibilities to Apple
Business Conduct
The way we do business worldwide
July 2011
10
Activities Related to Technical Standards
There are numerous organizations that develop or promote technical standards (e.g., W3C,
OASIS, INCITS, IEEE, ETSI). Before engaging in activities related to technical standards,
including, for example, joining a standards organization or working group, contributing
technology to a standard, or using a standard in the development of an Apple product,
employees must receive management and Legal approval. For additional information, see
Apple
’s Standards Legal Policy.
Accuracy of Records and Reports
Accurate records are critical to meeting Apple
’
s legal, financial, and management obligations.
Ensure that all records and reports, including customer information, technical and product
information, correspondence, and public communications, are full, fair, accurate, timely, and
understandable.
Never misstate facts, omit critical information, or modify records or reports in any way to
mislead others, and never assist others in doing so.
How can I learn more about procedures for
meals and travel?
Business Expenses
See Apple’s Travel policy or talk to your
manager.
All employees must observe policies and procedures regarding business expenses, such as
meal and travel expenses, and submit accurate expense reimbursement requests.
Guidelines on daily meal expenses vary worldwide.
Establishing Bank Accounts
All Apple bank accounts must be approved and established by Apple
’
s Treasury Department.
All payments must be made by recordable and traceable methods. For more information,
contact the Treasury Department.
Loans, Advances, and Guarantees
Other than through established corporate programs, such as programs for employee
relocation and the cashless exercise of stock options, Apple does not provide loans or
advances of corporate funds to its employees, officers, Board members, or their families and
does not guarantee their obligations.
If I suspect money laundering, what should
I do?
Money Laundering
Advise your manager or contact the Apple
Legal Department.
Money laundering is the process by which individuals or organizations try to conceal illicit
funds or make these funds look legitimate. If you are in a position to deal directly with
customers or vendors, the following examples may be indications of potential money
laundering:
• Attempts to make large payments in cash
• Payments by someone who is not a party to the contract
• Requests to pay more than provided for in the contract
• Payments made in currencies other than those specified in the contract
•
Payments from an unusual, nonbusiness account