10.07.2015 Views

Global Code of Conduct

Global Code of Conduct

Global Code of Conduct

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C. Use <strong>of</strong> Company Assets and data safeguardingCompany FundsEach employee is personally accountable without exception for the funds<strong>of</strong> AGCO over which he or she has control.POLICIES & PROCEDURESAnyone spending AGCO’s money, or personal money that will bereimbursed, must be sure that AGCO receives good value in return.Anyone approving or certifying the correctness <strong>of</strong> a voucher or billshould conduct an appropriate review or inquiry sufficient to establish aresponsible, good faith belief that the purchases and amounts are proper.Loosely controlled cash or other funds (commonly termed “slush funds”)could contribute to improper use <strong>of</strong> AGCO assets by making it possible tocircumvent controls established to prevent bribes, kickbacks or illegal orimproper payments. Therefore:• All bank accounts containing AGCO funds, except accounts in thenames <strong>of</strong> custodians <strong>of</strong> petty cash funds, shall be established andmaintained in the name <strong>of</strong> AGCO, and all transactions in all accountscontaining AGCO funds shall be clearly identified in AGCO books andrecords.• All cash and bank transactions will be handled in such a manneras to avoid any grounds for question or suspicion. For example, allcash received by AGCO shall be promptly recorded on its books anddeposited in an AGCO bank account.• No funds shall be maintained by AGCO in the form <strong>of</strong> cash, except tothe extent reasonably required for normal business operations.If there are ever questions about the appropriate use <strong>of</strong> AGCO’s funds,you should talk with your supervisor or AGCO’s Chief Ethics and ComplianceOfficer or Regional Ethics and Compliance Officers.PAGE> 22

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