Summary
Parker-Hannifin Corporation filed an 8-K on April 23, 2013, to announce the adoption of a new Global Code of Business Conduct by its Board of Directors, effective upon posting to the company's investor relations website. This new code replaces the existing Code of Conduct and is designed to provide more detailed guidance on expected standards of behavior for all directors, officers, and employees. The updated code expands on several key areas, including employee treatment, human rights, workplace safety, product integrity, gift-giving policies, financial reporting accuracy, anti-bribery and anti-corruption measures, money laundering prevention, corporate representation, environmental health and safety, community engagement, and primary standards of business conduct. Investors can view the full code as an exhibit to this filing.
Key Highlights
- 1Parker-Hannifin adopted a new Global Code of Business Conduct effective upon website posting.
- 2The new code replaces the existing Code of Conduct entirely.
- 3It applies to all directors, officers (including PEO, CFO, CAO), and employees.
- 4The updated code provides more detailed explanations and standards of conduct.
- 5Key areas expanded include human rights, workplace safety, product integrity, and financial reporting.
- 6The code also addresses bribery, corruption, money laundering, and community engagement.
- 7The Global Code of Business Conduct is filed as an exhibit to the 8-K.