Qualcomm’s 2023 Corporate Responsibility Report: Ethical Governance

NORTHAMPTON, MA / ACCESSWIRE / May 21, 2024 / Qualcomm

Doing business, The Qualcomm Way.

Originally published in Qualcomm's 2023 Corporate Responsibility Report

We believe that ethical conduct is a cultural imperative, and all employees are responsible for following the CoBC. Our commitment to purposeful innovation, passionate execution, collaborative community and unquestioned integrity underlies everything we do. Through more than three decades of innovation, we have continued to create technologies that revolutionize the way people live, work and connect. But it's how we make all this possible that defines us - that's The Qualcomm Way.

Compliance with global anti-corruption laws also continues to be a top priority for the Company. To this end, our Global Foreign Corrupt Practices Act (FCPA) and our AntiCorruption Policy applies to the entire Company, including all employees, agents, consultants and representatives, wherever they are located. It is our policy to obey all laws, including those laws that regulate the Company's conduct in the marketing and selling of Company products, services and technologies.

e strictly prohibit all bribes, corrupt payments, kickbacks and other forms of improper influence involving government officials or private individuals. We obtain that commitment of our third party contractors and service providers who may act as Qualcomm agents or intermediaries by contractual obligations relating to compliance with applicable anti-corruption laws and regulations. We also conduct risk-based due diligence for contractors and service providers who act as Qualcomm's agents or intermediaries with external parties.

Our corporate compliance program (Program) - including policies, procedures, controls, risk assessments and training - is evaluated for efficacy by our Internal Audit function periodically. We also commission a third party expert Program assessment from time to time to help the Program mature in line with the risks of our business. We use the findings and recommendations from these assessments to stay apprised of best practices and pursue continuous improvements.

Ethical conduct and decision-making are expected of all employees and are core elements of our performance assessment framework for leaders. Team managers and senior leaders are encouraged to create an environment where employees can feel free to raise ethical questions or concerns. They are also reminded to have purposeful conversations with their organizations around the importance of ethical conduct and decision-making, as we believe this is key to building trust as well as the long-term success of the Company.

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