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.
Frequently Asked Questions
The main purpose of this 8-K filing is to inform investors about the adoption of a new, updated Code of Conduct and Business Ethics by Air Products & Chemicals, Inc., effective January 1, 2019. This replaces previous ethical guidelines.
According to the filing, the new Code of Conduct does not materially change the responsibilities and obligations that previously applied to employees, officers, and directors. The focus is on improving clarity and readability.
The full text of the Air Products & Chemicals, Inc. Code of Conduct and Business Ethics has been filed as Exhibit 14.1 to this 8-K report. It is also accessible on the company's official website at www.airproducts.com/company/governance/commitment-ethical-business/employee-code-of-conduct.aspx.