Ethics and Integrity Policy
Visteon’s ethics and compliance program is based on the company’s 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 behaviors underlying our ethical standards. The policy is translated into 11 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. Visteon has implemented a process under which employees can bring any concerns regarding matters of ethics and compliance to the direct attention of Visteon’s Audit Committee. Through an annual report presented to the Audit Committee, the company describes its activities and compliance within our ethics areas.
Policy Regarding Purchases and Sales of Company Stock
Since Visteon Corporation is a public company, there are important restrictions imposed on the company, as well as its directors, officers and employees, under state and federal securities laws regarding purchases and sales of the company’s common stock. Read Visteon’s Statement of Policy Regarding Purchases and Sales of Company Stock.
This statement outlines the Visteon Quality Policy. It applies to all facilities and individual representatives of Visteon Corporation and its affiliates:
We will partner with our customers to design and build the best vehicles in the world, by combining our automotive intellect with operational excellence in safety, quality, efficiency and speed.
We will empower our employees to provide solutions for our customers, and build a network of sustainable, mutually beneficial business relationships.
Our commitment to continuous improvement will be demonstrated in our actions and in the effectiveness of our operating systems and processes.
Global Environmental, Health and Safety Policy
Visteon is committed to providing a safe and healthy work place, and protecting and conserving the environment. Our intended outcome is to have zero employee accidents and minimize environmental impact. These core values are present in our operations, products and services and demonstrate our commitment to being a responsible corporate citizen.
Achieving excellence in health, safety and environmental matters is a company-wide responsibility. Visteon leaders accept this responsibility as an important priority and commit the necessary resources to achieve its success. These values are also shared by employees at all levels and assignments and in all initiatives in which the company participates.
For more information, see our EH&S policy, which applies to all facilities and individual representatives of Visteon Corporation and its affiliates.
Code of Basic Working Conditions
As an extension of our ethics and compliance program, Visteon adopted its own Code of Basic Working Conditions in 2006. This code sets requirements and expectations related to the following areas:
- Child Labor
- Forced Labor
- Freedom of Association and Collective Bargaining
- Harassment and Discrimination
- Environment, Health and Safety
- Work Hours
- Responsibility and Implementation
Visteon is committed to ensuring its 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, working hours, conditions of employment, discrimination, and 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.
On Aug. 22, 2012, the U.S. Securities and Exchange Commission (SEC) adopted final rules to implement section 1502 of the Dodd-Frank Wall Street Reform and Consumer Protection Act. This law imposes reporting requirements on manufacturers if the products they manufacture or contract to manufacture contain minerals identified as “conflict minerals.” The rules define conflict minerals as cassiterite, columbite-tantalite, wolframite and gold, as well as their derivatives tin, tantalum and tungsten. Other minerals may be identified in the future at the discretion of the U.S. Secretary of State.
To comply with this law, Visteon has imposed standard reporting requirements on its supply chain regardless of where the components and materials are purchased. Visteon has been working closely with the Automotive Industry Action Group (AIAG), and with our customers and other Tier 1 suppliers, to ensure continued consistency in the tools used to establish this process. Requirements are cascaded annually to our supply chain, and Visteon intends to do what we can to ensure the components and materials in our products, regardless of where they are assembled or sold, do not contain conflict minerals that have contributed to the armed conflict in the Democratic Republic of Congo (DRC) and surrounding countries.
European Union Declaration of Conformity
The CE marking on a Visteon product indicates conformity to the provisions of applicable European Union (EU) directives. The EU Declaration of Conformity (DoC) is the manufacturer’s declaration that the product complies with those directives.
Taiwan Bureau of Standards, Metrology and Inspection (BSMI) certificates
Visteon products entering the Taiwan market adhere to the Chinese National Standard (CNS) enacted by Taiwan’s BSMI (Bureau of Standards, Metrology and Inspection), Ministry of Economic Affairs.