Visteon's ethics and compliance program is based on our Ethics and Integrity policy. This policy describes the company's expectations regarding the standards of behavior and conduct of employees. It underscores our dedication, at all levels of the organization, to the core values underlying our ethical standards. The policy is translated into nine languages and distributed to our employees throughout the world. The company also maintains an ethics "hotline" and encourages employees to report any concerns or failures in compliance. Finally, Visteon has implemented a process under which employees can bring any concerns regarding matters of ethics and compliance to the direct attention of our Audit Committee. Through an annual report presented to the Audit Committee, the company describes its activities and compliance within our ethics areas.
Highlights of Ethics and Integrity Policy
    Diversity and Inclusion
    Environment, Health and Safety
    Product Safety and Quality
    Company Property and Information
    Intellectual Property, Confidentiality
    and Privacy Property

    Books, Records and Filings
    Insider Trading
    Conflicts of Interest
    Fair Dealing and Competition
Code of Basic Working Conditions
As an extensions of our ethics and compliance program, in 2006, Visteon adopted its own Code of Basic Working Conditions. This code sets our requirements and expectations related to the following areas:

Child Labor      Compensation
Forced Labor      Freedom of Association & Collective Bargaining
Harassment & Discrimination      Environment, Health, and Safety
Work Hours      Responsibility and Implementation

Visteon is committed to ensuring its own suppliers are aligned with the company's ethics and compliance program. Visteon issues to all of its suppliers terms and conditions that include compliance with all applicable laws and regulations, including those relating to environmental matters, wages, hours, conditions of employment, discrimination, health and safety. The terms and conditions also require that suppliers attest that any supplies purchased by Visteon will not be produced with forced labor either by the supplier or its suppliers.

United Nations Global Compact
Visteon has endorsed the United Nations Global Compact and has expressly communicated its support of the Compact to Secretary-General Kofi Annan.

http://www.unglobalcompact.org/AboutTheGC/index.html

GOVERNANCE:
Board of Directors
http://www.visteon.com/company/executives/index.html

Board Committee Structure
There are currently five Board committees

Audit Organization and Compensation
Corporate Governance & Nominating Corporate Responsibility
Finance Committee

Corporate Responsibility Committee
Established in March 2004, the Corporate Responsibility Committee's purpose is to review and oversee the corporation's policies, practices and performance with respect to corporate citizenship and public policy considerations affecting Visteon's relationship and reputation with its key stakeholders, including its shareholders, employees, communities, and customers. The Committee's duties and responsibilities are to:

  • Understand Visteon's business activities that relate most directly to matters of public policy and corporate citizenship, including environmental stewardship, corporate giving, community involvement and government relations


  • Review and develop recommendations to management that assist in formulating and adopting policies, programs, practices and strategies concerning corporate citizenship and public policy matters
Further detail on Board committee charters and roles and responsibilities can be found on http://phx.corporate-ir.net/phoenix.zhtml?c=122447&p=irol-govhighlights