Corporate Standards of Business Conduct

Abstract

The Time Warner Standards of Business Conduct reflect the commitment of Time Warner Inc. and its officers, executives and employees to conduct business according to the highest standards of integrity and ethics. The Standards of Business Conduct set forth general policies and guidance on how we should conduct our business. They do not catalog every law or policy that applies to Time Warner or us as employees – rather the Standards focus on broad policies and principles that should guide our personal conduct as employees. Will every employee encounter every one of the Standards in their work? No, but it's important that everyone knows and understands the Standards and complies with both their letter and spirit. We are expected to adhere to the highest standards of personal conduct, integrity, ethical behavior and professionalism because the result will be a work environment that encourages productivity, teamwork, and respect. Our understanding of and adherence to the Standards of Business Conduct and other policies of Time Warner matter to the growth and success of Time Warner. Promoting and maintaining the highest standards of business conduct are an important part of our effort to be one of the world’s most respected and valued companies.