Code of Business Conduct and Ethics - Micron
Code of Business Conduct and Ethics - Micron
Code of Business Conduct and Ethics - Micron
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Conflicts Of<br />
Interest, Gifts<br />
& Entertainment,<br />
Participation<br />
in Outside<br />
Organizations<br />
16<br />
Conflicts Of Interest<br />
<strong>Micron</strong> team members have many activities in their lives outside the Company.<br />
A conflict <strong>of</strong> interest arises when a team member’s private or personal activities,<br />
investments or associations interfere with (or potentially interfere with):<br />
• His or her loyalty or objectivity to the Company;<br />
• His or her work performance; or<br />
• The interests <strong>of</strong> the Company.<br />
For purposes <strong>of</strong> evaluating conflicts <strong>of</strong> interest, a “supplier,” “customer” or<br />
“competitor” includes both actual <strong>and</strong> potential suppliers, customers <strong>and</strong><br />
competitors. Conflicts <strong>of</strong> interest, whether actual or perceived, may cloud or interfere<br />
with a team member’s judgment <strong>and</strong> can be harmful to the Company. Accordingly,<br />
team members must avoid conflicts <strong>of</strong> interest except as provided in this <strong>Code</strong>.<br />
Described below are some ways that conflicts <strong>of</strong> interest can arise.<br />
Outside Employment <strong>and</strong> Affiliations<br />
If you engage in part-time or other employment, including consulting arrangements,<br />
with a competitor, customer or supplier <strong>of</strong> the Company, you may have a conflict <strong>of</strong><br />
interest with the Company. Any such relationships with competitors, customers or<br />
suppliers are not permitted without approval as described below.<br />
Competition: It is never appropriate to compete, or to prepare to compete, with<br />
the Company while a team member.<br />
Close Relatives <strong>and</strong> Friends: The work activities <strong>of</strong> close relatives <strong>and</strong> friends also<br />
can create conflicts <strong>of</strong> interest (for these purposes, “close relatives” include a<br />
spouse, parents, stepparents, children, stepchildren, siblings, step siblings, nephews,<br />
nieces, aunts, uncles, gr<strong>and</strong>parents, gr<strong>and</strong>children <strong>and</strong> in-laws). Conflicts <strong>of</strong><br />
interest with close relatives or friends arise when a team member’s loyalty becomes<br />
divided (or may appear to be divided) between loyalty to the close relative or<br />
friend, who has one set <strong>of</strong> interests, <strong>and</strong> loyalty to <strong>Micron</strong>, which may have<br />
different interests.<br />
Except as described in the section on “Obtaining Approval When A Conflict Of<br />
Interest Is Involved”:<br />
• A team member should not cause the Company to engage in business transactions<br />
with close relatives or friends or with organizations whose <strong>of</strong>ficers or board<br />
members include close relatives or friends;<br />
• A team member’s close relatives or friends should not have any business dealings<br />
with the team member, with anyone working in the team member’s department, or<br />
with anyone who reports to the team member; <strong>and</strong><br />
• Team members must not disclose any confidential business information to close<br />
relatives or friends.