 |
| Code
of Ethics |
|
| The purpose of these codes is to reaffirm
our commitment to operate with a consistent set of values that
represents the highest standards of integrity, quality, respect
for employees and respect for the communities where we conduct
our business, and finally to assure a fair return to our shareholders.
We are committed to our core values and our expectation of ethical
behavior. These codes apply to all of the Company's directors,
officers, and employees. |
|
| Regal-Beloit is committed to complying with
the regulations and laws applicable where we operate. Employees
must avoid activities that could involve or lead to any unlawful
practice. If you have questions or are not sure of the correct
things to do, please seek the advice and direction of your supervisor
or the unit managers at your location. The important thing to
remember is that Regal-Beloit employees, in the course of carrying
out their responsibilities, should always obey the law. |
|
| Regal Beloit employees are expected to behave
honestly and with integrity at all times, whether dealing with
customers, suppliers, the general public, community organizations,
government or regulatory officials. This includes taking responsibility
for your actions at all times and observing the highest standard
of professionalism. |
|
| Regal Beloit has a responsibility
to its employees, the men and women who work for us around the
world, to provide a safe and productive work environment which
respects their dignity and recognizes their merit. Employees
must feel free to make suggestions and complaints. They must
have an equal opportunity for employment, development, and advancement
for those qualified. |
|
| Regal Beloit and its employees
are responsible to the communities in which we live and work.
We strive to be good citizens, support good works and charities,
encourage civic improvements and better health and education. |
|
| Regal Beloit recognizes its
responsibilities to its shareholders. Our business must make
a sound profit. We are dedicated to developing innovative products,
investing in technology, equipment, and launching new products
as needed in the marketplace. When we operate on these principles,
our shareholders should realize a fair return on their investment. |
|
| Code
of Conduct for Directors, Officers & Employees |
|
The purpose of these codes is to reaffirm
our commitment to operate with a consistent set of values
that represents the highest standards of integrity, quality,
respect for employees and respect for the communities
where we conduct our business, and finally to assure a
fair return to our shareholders. We are committed to our
core values and our expectation of ethical behavior. These
codes apply to all of the Company’s directors, officers,
and employees.
Regal-Beloit is committed to complying with the regulations
and laws applicable where we operate. Employees must avoid
activities that could involve or lead to any unlawful
practice. If you have questions or are not sure of the
correct things to do, please seek the advice and direction
of your supervisor or the unit managers at your location.
The important thing to remember is that Regal-Beloit employees,
in the course of carrying out their responsibilities,
should always obey the law.
Regal-Beloit employees are expected to behave honestly
and with integrity at all times, whether dealing with
customers, suppliers, the general public, community organizations,
government or regulatory officials. This includes taking
responsibility for your actions at all times and observing
the highest standard of professionalism.
Regal-Beloit has a responsibility to its employees, the
men and women who work for us around the world, to provide
a safe and productive work environment which respects
their dignity and recognizes their merit. Employees must
feel free to make suggestions and complaints. They must
have an equal opportunity for employment, development,
and advancement for those qualified.
Regal-Beloit and its employees are responsible to the
communities in which we live and work. We strive to be
good citizens, support good works and charities, encourage
civic improvements and better health and education.
Regal-Beloit recognizes its responsibilities to its shareholders.
Our business must make a sound profit. We are dedicated
to developing innovative products, investing in technology,
equipment, and launching new products as needed in the
marketplace. When we operate on these principles, our
shareholders should realize a fair return on their investment. |
|
| |
| Code
of Conduct for Directors, Officers & Employees |
|
| • |
Directors,
officers and employees are prohibited from partaking
in any activity or association that creates or appears
to create a conflict between the employee’s
personal interests and Regal Beloit's business interests.
They should report any personal interests or obligations
which conflict with the conscientious performance
of their duties. Officers and employees must report
potential conflicts of interests to supervisors
or through the Company's 800 number (800-833-7901)
or by email to ethical.concerns@regalbeloit.com.
Directors should report conflicts or potential conflicts
to the Chair of the Corporate Governance and Director
Affairs Committee. The Chair will refer the matter
to the committee, if the Chair determines a conflict
exists. If the committee determines a conflict exists,
the matter will be referred to the full Board to
determine whether a waiver is appropriate. In conflict
of interest situations involving the Chair, the
situations will be reviewed by the Chair with the
entire committee. In all transactions, honest and
ethical conduct is expected. |
|
|
| • |
Directors,
officers and employees owe a duty to advance the
Company’s interests when the opportunity arises.
They are prohibited from using Company property,
information or position for personal gain or to
compete with the Company. |
|
|
| • |
Directors,
officers and employees have a duty not to disclose
confidential information or trade secrets. Confidential
information includes any information not known to
outsiders that has value to the Company or whose
premature disclosure would help competitors or be
harmful to the Company. Additionally, directors
or employees cannot use "inside" information
for their own personal use, advantage or "tipping"
it to others. |
|
|
| • |
Directors,
officers and employees are expected to deal fairly
with the Company’s customers, suppliers, competitors
and employees. It is prohibited to take unfair advantage
of anyone through misrepresentation of facts, concealing
or manipulation of data or any other unfair dealing
practice. |
|
|
| • |
Directors,
officers and employees must use Company assets for
legitimate business purposes. This includes protecting
assets and using them in an efficient manner. |
|
|
| • |
Directors,
officers and employees will provide complete, objective,
accurate, timely and understandable disclosure in
reports and documents that the Company files with
or submits to the SEC and in other public communications
made by the Company. Such conduct may be expressed
as the value of honesty, including being candid,
truthful and free from deception and deceit - telling
the truth and being forthcoming with all relevant
facts and information. |
|
|
| • |
Directors,
officers and employees will comply with applicable
laws, rules and regulations. Decision makers are
expected to embrace the spirit or intent of the
law rather than simply the letter of the law. |
|
|
| • |
Directors,
officers and employees will promptly report violations
to the Audit Committee, the Chief Financial Officer,
and/or the Ethics Officer (800-833-7901) or by email
to either accounting.concerns@regalbeloit.com or
ethical.concerns@regalbeloit.com. |
|
|
| • |
Regal
Beloit is committed to taking appropriate disciplinary
action to insure accountability and adherence to
the code. |
|
|
| These Codes
of Ethics and Conduct are designed to encourage full disclosure
but is not a substitute for good and honorable directors,
officers and employees working to the best of their ability
for the benefit of the shareholders. |
|
|
|
|
|
