Micron Compliance Policies and Practices Update
Micron Technology believes strongly in the importance of up-to-date,
comprehensive and easy to understand and follow compliance policies
and practices. Every employee, manager, and officer at Micron is expected
to live up to these standards, and required to attend regular training
sessions to remain well versed in them.
As a result of a comprehensive global internal audit undertaken
over the last year, Micron is updating and implementing a number
of policies, practices and training programs designed to further
strengthen our compliance efforts and to maintain our competitive
position in the global marketplace.
The following policy, practice and training enhancements were
instituted recently:
- A Chief Compliance Officer was appointed, a position held by
Rod Lewis, Vice President Legal Affairs and General Counsel.
- Additional antitrust training has been developed and deployed
to better educate employees on how to interact with competitors,
suppliers and customers. The training is available for all sales,
marketing and purchasing employees, as well as any other employees
who want to participate.
- Comprehensive governance policy improvements, related to Sarbanes-Oxley
and New York Stock Exchange requirements and company-driven initiatives,
such as the creation or expansion of several Board and Company
committees, including a Governance and Compensation Committee,
an Independent Audit Committee and a Disclosure Committee. The
Company also has established a Corporate Governance page on its
web site containing its Code of Conduct and Business Ethics, Corporate
Governance Guidelines and Board Committee Charters.
- Further development and implementation of a comprehensive, state-of-the-art
compliance and ethics program covering a wide range of topics
including safety and health, employment, exports, environmental
law, securities, antitrust, insider trading, privacy laws and
business ethics. We expect program enhancements, including leading-edge
online training, to be rolled out company-wide by the end of the
year.
Our corporate character is based on good corporate governance,
legal compliance and complete transparency and cooperation, and
as such, we will continue to review and revise our compliance policies
and practices on a regular basis.