Summary
Air Products & Chemicals, Inc. (APD) filed an 8-K on January 2, 2019, to announce the adoption of a new Code of Conduct and Business Ethics, effective January 1, 2019. This updated code replaces previous ethical guidelines and is applicable to all employees, officers, and directors. The company states the new code is designed for improved readability and clearer communication of ethical expectations, organized by subject matter for easier reference. Importantly, APD noted that the Code of Conduct does not materially alter the existing responsibilities and obligations of its personnel. The full text of the new Code of Conduct has been filed as an exhibit to this report and is also available on the company's website.
Key Highlights
- 1Adoption of a new Code of Conduct and Business Ethics effective January 1, 2019.
- 2The new code applies to all employees, including principal officers, and directors.
- 3The primary objective of the new code is to enhance readability and clarity of ethical expectations.
- 4The code is organized by subject matter to facilitate easy access to guidance.
- 5The company explicitly states that the new code does not materially change prior responsibilities and obligations.
- 6The new Code of Conduct is filed as an exhibit (Exhibit 14.1) and available on the company's website.