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COBC - Code of Business Conduct - Halliburton

COBC - Code of Business Conduct - Halliburton

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Gifts, Entertainment and Hospitality<br />

While reasonable gifts, entertainment and hospitality can be<br />

appropriate during the normal course <strong>of</strong> business, they must<br />

never compromise the integrity <strong>of</strong> our business relationships.<br />

The giving or receiving <strong>of</strong> any gifts, entertainment, hospitality<br />

or other benefit that creates a feeling <strong>of</strong> obligation on the part <strong>of</strong><br />

the recipient is prohibited under the <strong>Code</strong> and is illegal under the<br />

laws <strong>of</strong> most countries, including the U.S.<br />

In general, gifts, entertainment and hospitality should not:<br />

• Be solicited<br />

• Be <strong>of</strong>fered or accepted during any bidding process<br />

(sales or procurement)<br />

• Be in the form <strong>of</strong> securities, cash, cash equivalents (including<br />

gift certificates, stocks and savings bonds), precious metals or<br />

items that can be readily converted to cash<br />

May I accept a gift certificate from one <strong>of</strong><br />

our suppliers?<br />

No. <strong>Halliburton</strong>’s gift policy prohibits<br />

employees from accepting any gifts <strong>of</strong><br />

cash or cash equivalents regardless <strong>of</strong><br />

value. Additionally, <strong>Halliburton</strong> prohibits<br />

employees from accepting any gifts,<br />

entertainment, dining or other benefit<br />

that might create a feeling <strong>of</strong> obligation<br />

on the part <strong>of</strong> the employee or otherwise<br />

compromise the employee’s pr<strong>of</strong>essional<br />

judgment. Nominal gifts or entertainment<br />

received during the normal course <strong>of</strong><br />

business are generally acceptable.<br />

• Be <strong>of</strong>fered to or accepted by the same recipient with<br />

unreasonable frequency<br />

• Be inconsistent with accepted and customary<br />

business practices<br />

• Be <strong>of</strong>fered to influence or reward a particular business<br />

decision or action<br />

• Be <strong>of</strong>fered to government <strong>of</strong>ficials without prior approval<br />

by the Anti-Corruption & International Compliance (ACIC)<br />

Practice Group<br />

• Violate applicable law or policies<br />

• Be <strong>of</strong> a nature that would embarrass the Company if<br />

publicly disclosed<br />

38

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