TAILIEUCHUNG - BERKSHIRE HATHAWAY INC. CODE OF BUSINESS CONDUCT AND ETHICS

In a free-enterprise, private-property system, a corporate executive is an employee of the owners of the business. He has direct responsibility to his employers. That responsibility is to conduct the business in accordance with their desires, which generally will be to make as much money as possible while conforming to their basic rules of the society, both those embodied in law and those embodied in ethical custom. Of course, in some cases his employers may have a different objective. A group of persons might establish a corporation for an eleemosynary purpose--for example, a hospital or a school. The manager of. | BERKSHIRE HATHAWAY INC. CODE OF BUSINESS CONDUCT AND ETHICS A. Scope. This Code of Business Conduct and Ethics applies to all Berkshire Hathaway directors officers and employees as well as to directors officers and employees of each subsidiary of Berkshire Hathaway. Such directors officers and employees are referred to herein collectively as the Covered Parties. Berkshire Hathaway and its subsidiaries are referred to herein collectively as the Company. B. Purpose. The Company is proud of the values with which it conducts business. It has and will continue to uphold the highest levels of business ethics and personal integrity in all types of transactions and interactions. To this end this Code of Business Conduct and Ethics serves to 1 emphasize the Company s commitment to ethics and compliance with the law 2 set forth basic standards of ethical and legal behavior 3 provide reporting mechanisms for known or suspected ethical or legal violations and 4 help prevent and detect wrongdoing. Given the variety and complexity of ethical questions that may arise in the Company s course of business this Code of Business Conduct and Ethics serves only as a rough guide. Confronted with ethically ambiguous situations the Covered Parties should remember the Company s commitment to the highest ethical standards and seek advice from supervisors managers or other appropriate personnel to ensure that all actions they take on behalf of the Company honor this commitment. When in doubt remember Warren Buffett s rule of thumb . .I want employees to ask themselves whether they are willing to have any contemplated act appear the next day on the front page of their local paper - to be read by their spouses children and friends - with the reporting done by an informed and critical reporter. C. Ethical Standards. 1. Conflicts of Interest. A conflict of interest exists when a person s private interest interferes in any way with the interests of the Company. A conflict can arise when a Covered

• Tài chính doanh nghiệp
• involvement represents
• enlarging lymph
• lymphadenopathy
• affected followed
• Multifocal involvement
• inguinal lymph
• previous infection
• spreads via
• matting and fixation