Governance
Audit Committee
Tyco's Audit Committee is appointed by the Board to assist the Board in monitoring:
- the integrity of the financial statements of the company.
- the outside auditor's independence and qualifications.
- the performance of the company's internal and external auditor.
- the compliance by the company with legal and regulatory requirements.
- the effectiveness of the company's internal controls.
The Audit Committee also is responsible for preparing the report required by the rules of the U.S. Securities and Exchange Commission to be included in the company's annual proxy statement, and overseeing the company's policies, practices and compliance regarding its Guide to Ethical Conduct.
Each member of the Audit Committee is independent under the New York Stock Exchange listing standards for Audit Committee members. In addition, the Board has determined that Dr. O'Neill and Dr. Stavropoulos are Audit Committee financial experts.
Learn more about the Tyco Board Audit Committee and download the Audit Committee charter (36KB pdf).
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Board Independence
Ten of the eleven members of the Tyco Board of Directors are independent members.
Tyco Guide to Ethical Conduct
Tyco's commitment to the highest standards of integrity begins with making sure that everyone across the organization understands the company's core values of Integrity, Excellence, Teamwork and Accountability.
Review the Tyco Guide To Ethical Conduct