Mercury General Corporation Code of Business Conduct and Ethics
This Code of Business Conduct and Ethics (the “Code”) contains general guidelines for conducting the business of the Company consistent with the highest standards of business ethics. To the extent this Code requires a higher standard than required by commercial practice or applicable laws, rules or regulations, we adhere to these higher standards.
This Code applies to all directors, officers and team members. We refer to all persons covered by this Code as “Company team members” or simply “team members.” We also refer to our Chief Executive Officer, our President, our Chief Financial Officer and our Controller as our “principal financial officers.”
Seeking Help and Information
This Code is not intended to be a comprehensive rulebook and cannot address every situation that you may face. If you feel uncomfortable about a situation or have any doubts about whether it is consistent with the Company’s ethical standards, seek help. We encourage you to contact your leader for help first. If your leader cannot answer your question or if you do not feel comfortable contacting your leader, contact the Human Capital department. You may remain anonymous and will not be required to reveal your identity, although providing your identity may assist the Company in addressing your questions or concerns. The Company has established a procedure to report complaints from team members and others about accounting, internal controls or auditing matters, and compliance with laws or government regulations that apply to the Company directly to the audit committee. Team members wishing to contact the audit committee may do so by writing to: Mercury General Corporation, Attention: Audit Committee, P.O. Box 551, Brea, CA 92822. Team members may remain anonymous although providing your identity may assist the audit committee in addressing your questions or concerns.
Reporting Violations of the Code
All team members have a duty to report any known or suspected violation of this Code, including any violation of the laws, rules, regulations or policies that apply to the Company. If you know of or suspect a violation of this Code, immediately report the conduct to your leader. Your leader will contact the Human Capital department, which will work with you and your leader to investigate your concern. If you do not feel comfortable reporting the conduct to your leader or you do not get a satisfactory response, you may contact the Human Capital department directly. You may remain anonymous and will not be required to reveal your identity, although providing your identity may assist the Company in investigating your concern.
Any team member who violates this Code will be subject to disciplinary action, up to and including termination of employment. This determination will be based upon the facts and circumstances of each particular situation. A team member accused or suspected of violating this Code will be given an opportunity to present his or her version of the events at issue prior to the conclusion of the Company’s investigation and any determination of discipline. If a team member refuses to cooperate and participate in the Company’s internal investigation as requested, the Company will base its decision on other information available to it, and the team member’s employment may be terminated for the failure to cooperate and participate in the investigation.
If your conduct as a representative of the Company does not comply with the law or with this Code, it can result in serious consequences for both you and the Company. For example, in addition to discipline for violating this Code, Team members who violate certain laws may expose themselves to substantial civil damages and/or a criminal sentence, including fines.
Policy against Retaliation
The Company strictly prohibits retaliation against a team member who, in good faith, seeks help or reports known or suspected violations of this Code or applicable laws or regulations. Any team member who retaliates against another team member because the team member, in good faith, sought help or reported a violation of some law, regulation or this Code will be subject to disciplinary action, up to and including termination of employment.
Waivers of Compliance with the Code
Waivers of compliance with this Code will be granted only in extraordinary circumstances. Any waiver of compliance with this Code for a member of the Board of Directors, executive officers or other principal financial officers may be made only by our Board of Directors or the appropriate committee of our Board of Directors and will be disclosed to the public as required by law or the rules of the New York Stock Exchange. Waivers for all other team members may be made only by an executive officer of the Company.
CONFLICTS OF INTEREST
Identifying Potential Conflicts of Interest
A conflict of interest can occur when a team member’s private interest interferes, or reasonably appears to interfere, with the interests of the Company as a whole. You should avoid any private interest that influences your ability to act in the interests of the Company or that makes it difficult to perform your work objectively and effectively.
Identifying potential conflicts of interest may not always be clear-cut. The following situations are examples of conflicts of interest:
- Outside Employment. No team member should be employed by, serve as a director of, or provide any services to a Company that is a material agent, supplier or competitor of the Company.
- Improper Personal Benefits. No team member should obtain any material personal benefits or favors because of his or her position with the Company.
- Financial Interests. No team member should have a significant financial interest (ownership or otherwise) in any Company that is a material agent, supplier or competitor of the Company. A “significant financial interest” means (i) ownership of greater than 1% of the equity of a material agent, supplier or competitor or (ii) an investment in a material agent, supplier or competitor that represents more than 5% of the total assets of the team member.
- Service on Boards and Committees. No team member should serve on a board of directors or trustees or on a committee of any entity (whether profit or not-for-profit) whose interests reasonably would be expected to conflict with those of the Company.
Contact the Human Capital department for assistance in determining whether a particular company is a material agent, supplier or competitor.
Disclosure of Conflicts of Interest
The Company requires that team members disclose any situations that reasonably would be expected to give rise to a conflict of interest. If you suspect that you have a conflict of interest, or something that others could reasonably perceive as a conflict of interest, you must report it to your leader or the Human Capital department. Your leader and the Human Capital department will work with you to determine whether you have a conflict of interest and, if so, how best to address it. A conflict of interest may only be waived as described in “Waivers of Compliance with the Code” above.
As a team member of the Company, you have an obligation to advance the Company’s interests when the opportunity to do so arises. If you discover or are presented with a business opportunity as a result of your possession or use of Company property or information, or because of your position with the Company, you should first present the business opportunity to the Company before pursuing the opportunity in your individual capacity. No team member may use Company property or information, or his or her position with the Company, for personal gain or to further the team member’s personal interests of any kind, including in connection with any disagreement or dispute between the team member and the Company.
You should disclose to your leader the terms and conditions of each business opportunity covered by this Code that you wish to pursue. Your leader will contact the Human Capital department and the appropriate management personnel to determine whether the Company wishes to pursue the business opportunity. If the Company waives its right to pursue the business opportunity, you may pursue the business opportunity on the same terms and conditions as originally proposed and consistent with the other ethical guidelines set forth in this Code.
Team members have access to a variety of Company confidential information while employed at the Company. Confidential information includes all non-public information and documents (including work-related emails) that might be of use to competitors, or, if disclosed or used without authorization, could be harmful to the Company or its policyholders. Team members have a duty to safeguard all confidential information of the Company and third parties with which the Company conducts business, except when disclosure or use of the information is authorized by a member of executive management of the Company in writing or is legally mandated, i.e., by a valid court order. No team member may take or use Company confidential information to further the team member’s personal interests of any kind, including in connection with any disagreement or dispute between the team member and the Company. A team member’s obligation to protect Company confidential information continues after he or she leaves the Company. Unauthorized disclosure or use of Company confidential information could cause competitive or other harm to the Company or its customers and could result in legal liability to you. Any questions or concerns regarding whether disclosure of Company information is legally mandated should be promptly referred to the Corporate Counsel and/or Finance department.
COMPETITION AND FAIR DEALING
All team members are obligated to deal fairly with fellow team members and with the Company’s customers, suppliers, competitors and other third parties. Team members should not take unfair advantage of anyone through manipulation, concealment, unauthorized use of confidential or privileged information, misrepresentation or any other unfair-dealing practice.
Relationships with Insureds
Our business success depends upon our ability to foster lasting policyholder relationships. The Company is committed to dealing with insureds fairly, honestly and with integrity. Information we supply to customers should be accurate and complete to the best of our knowledge. Team members should not deliberately misrepresent information to insureds.
Relationships with Suppliers
The Company deals fairly and honestly with its suppliers. This means that our relationships with suppliers are based on price, quality, service and reputation. Team members dealing with suppliers should carefully guard their objectivity. Specifically, no team member should accept or solicit any personal benefit from a supplier or potential supplier that might compromise, or appear to compromise, their objective assessment of the supplier’s products and prices. Team members can give or accept promotional items of nominal value or moderately scaled entertainment within the limits of responsible and customary business practice. Please see “Gifts and Entertainment” below for additional guidelines in this area.
Relationships with Competitors
The Company is committed to free and open competition in the marketplace. Team members should avoid actions that reasonably could be construed as being anti-competitive, monopolistic or otherwise contrary to laws governing competitive practices in the marketplace, including federal and state antitrust laws. Such actions include misappropriation and/or misuse of a competitor’s confidential information or making false statements about the competitor’s business and business practices. For a further discussion of appropriate and inappropriate business conduct with competitors, see “Compliance with Antitrust Laws” below.
PROTECTION AND USE OF COMPANY ASSETS
Team members should protect the Company’s assets and ensure their efficient use for legitimate business purposes only in connection with their job responsibilities. Theft, carelessness and waste have a direct impact on the Company’s profitability. The use of Company funds or assets, whether or not for personal gain, for any unlawful or improper purpose is prohibited. Each team member should exercise reasonable care to prevent theft, damage or misuse of Company property. Actual or suspected theft, damage or misuse of Company property should be reported to a leader. All electronic programs, data, communications and written materials should be safeguarded from inadvertent access by others.
Team members should be aware that Company property includes all data and communications transmitted or received to or by, or contained in, the Company’s electronic or telephonic systems. Company property also includes all written communications. Team members and other users of this property should have no expectation of privacy with respect to these communications and data. To the extent permitted by law, the Company has the ability, and reserves the right, to monitor all electronic and telephonic communication. These communications may also be subject to disclosure to law enforcement or government officials. In addition, no team member may take or use Company property (including any work-related emails) to further the team member’s personal interests of any kind, including in connection with any disagreement or dispute between the team member and the Company.
GIFTS AND ENTERTAINMENT
Acceptance by team members, or any member of a team member’s immediate family, of loans (other than from established banking or financial institutions), free services, gifts or other similar favors from an outside concern which does, or is seeking to do business with, or is a competitor of the Company may constitute a conflict of interest. See Conflicts of Interest, above.
Acceptance of meals, tickets to sporting or cultural events or travel are discouraged by the Company. However, they may be accepted or given occasionally provided that a reasonable observer would not expect the gift to influence your judgment or duty to act in the best interest of the Company or the other person’s judgment to act in the best interest of his or her employer. Team members below manager level shall obtain approval for these items from their manager or appropriate department head. Gifts not exceeding $50 in value, such as food or commemorative items are not subject to this approval policy. Where possible, such items should be shared with other department members.
Team members should make every effort to refuse or return a gift that exceeds $50 in value. If it would be inappropriate to refuse a gift or you are unable to return a gift, you should promptly report the gift to your leader. Your leader will bring the gift to the attention of the Human Capital department, which may require you to donate the gift to an appropriate community organization. If you have any questions about whether it is permissible to accept a gift or something else of value, contact your leader or the Human Capital department for additional guidance.
Team members in certain positions may be subject to more restrictive rules regarding gifts and entertainment. In such cases, affected individuals must comply with the more restrictive policy.
Note: Gifts and entertainment may not be offered or exchanged under any circumstances to or with any federal, state or local government official or employee. If you have any questions about this policy, contact your leader or the Human Capital department for additional guidance. For a more detailed discussion of special considerations applicable to dealing with officials and employees of the federal, state and local governments, see “Interactions with the Government” below.
Accurate and reliable records are crucial to our business. Our records are the basis of our earnings statements, financial reports and other disclosures to the public and guide our business decision-making and strategic planning. Company records include the contents of underwriting and claims files, payroll, timecards, travel and expense reports, e-mails, accounting and financial data, financial measurement and performance records, electronic data files and all other records maintained in the ordinary course of our business. All Company records must be complete, accurate and reliable in all material respects and maintained in accordance with the Company’s document retention policy. Undisclosed or unrecorded funds, payments or receipts are inconsistent with our business practices and are prohibited. You are responsible for understanding and complying with our record keeping policy. Ask your leader if you have any questions. You may never take a copy of any Company records for any personal reason.
ACCURACY OF FINANCIAL REPORTS AND OTHER PUBLIC COMMUNICATIONS
As a public Company we are subject to various securities laws, regulations and reporting obligations. Both federal law and our policies require the disclosure of accurate and complete information regarding the Company’s business, financial condition and results of operations. Inaccurate, incomplete or untimely reporting will not be tolerated and can severely damage the Company and result in legal liability.
The Company’s principal financial officers and other team members working in the Accounting department have a special responsibility to ensure that all of our financial disclosures are full, fair, accurate, timely and understandable. These team members must understand and strictly comply with generally accepted accounting principles and all standards, laws and regulations for accounting and financial reporting of transactions, estimates and forecasts.
COMPLIANCE WITH LAWS AND REGULATIONS
Each team member has an obligation to comply with all laws, rules and regulations applicable to the business sector in which the Company operates. These include, without limitation, laws covering bribery and kickbacks, copyrights, trademarks and trade secrets, information privacy, insider trading, illegal political contributions, antitrust prohibitions, foreign corrupt practices, offering or receiving gratuities, environmental hazards, employment discrimination, harassment and retaliation, occupational health and safety, false or misleading financial information, and/or misuse of corporate assets. You are expected to understand and comply with all laws, rules and regulations that apply to your job position. If any doubt exists about whether a course of action is lawful, you should seek advice from your leader or the Human Capital department.
DETECTION AND PREVENTION OF FRAUD
Mercury is committed to high legal, ethical and moral standards, and to the prevention, detection, and remedying of fraud against the Company and/or its insureds. All team members are expected to share this commitment. As used in this section, “fraud” means both occupational fraud and external fraud. “Occupational fraud” means the use of a team member’s job position for personal benefit or gain through the intentional misuse or misappropriation of the Company’s resources or assets, and “external fraud” means the intentional misappropriation of the Company’s resources or assets for personal benefit or gain by individuals who are not employed by the Company or by a team member who is an insured and submits a fraudulent claim.
The Company will not tolerate, and will take action to redress, fraud (both occupational and external), or suspected fraud, involving team members, shareholders, vendors, agents, and/or any other party in a business relationship with the Company.
The Company has established and maintains a system of internal controls to prevent and detect fraud, misappropriation, and other inappropriate conduct in relation to fraud. Every team member who believes in good faith that fraud has occurred, is occurring, or likely will occur must report it immediately using any of the methods described in the “Seeking Help” and “Reporting Violations” sections in the Introduction to this Code, above. A team member who makes a report of fraud without a good faith basis may be disciplined. Leaders who receive a report of suspected fraud must immediately report it to Human Capital, Corporate Audit, and/or to the Claims Special Investigation Unit (SIU), who will coordinate with the appropriate parties, including legal counsel, to determine the nature and scope of the investigation or other response to the report.
Any investigation of suspected fraud will be conducted without regard to the suspected wrongdoer’s length of service, position/title, or relationship to the Company. Team members are expected to be truthful and cooperate fully with internal and external investigations. If a team member refuses to cooperate and participate in the Company’s internal investigation as requested, the Company will base its decision on other information available to it, and the team member’s employment may be terminated for the failure to cooperate and participate in the investigation. Covering up fraud is strictly prohibited, regardless of whether it is fraud committed by the team member or another team member.
Any team member who the Company determines has engaged in fraud will be discharged. The Company will terminate its business relationship with any external party that it determines has engaged in fraud against the Company. In addition, full restitution will be sought, and the violator will be reported to the appropriate law enforcement agencies.
INTERACTIONS WITH THE GOVERNMENT
The Company conducts business with the federal, state and local governments. The Company is committed to conducting its business with all governments and their representatives with the highest standards of business ethics and in compliance with all applicable laws and regulations, including the special requirements that apply to government contracts and government transactions.
If your job responsibilities include interacting with the government, you are expected to understand and comply with the special laws, rules and regulations that apply to your job position. If any doubt exists about whether a course of action is lawful, you should seek advice immediately from your leader and the Human Capital department.
POLITICAL CONTRIBUTIONS AND ACTIVITIES
The Company encourages its team members to participate in the political process as individuals and on their own time. However, federal and state contribution and lobbying laws severely limit the contributions the Company can make to political parties or candidates. It is Company policy that Company funds or assets not be used to make a political contribution to any political party or candidate, unless prior approval has been given by the Chief Executive Officer.
The following guidelines are intended to ensure that any political activity you pursue complies with this policy:
- Contribution of Funds. You may contribute your personal funds to political parties or candidates. The Company will not reimburse you for personal political contributions.
- Volunteer Activities. You may participate in volunteer political activities during nonwork time. You may not participate in political activities during working hours.
- Use of Company Facilities. The Company’s facilities may not be used for political activities. The Company may make its facilities available for limited political functions, including speeches by government officials and political candidates, with the approval of the Human Capital department.
- Use of Company Name. When you participate in political affairs, you should be careful to make it clear that your views and actions are your own, and not made on behalf of the Company. For instance, Company letterhead should not be used to send out personal letters in connection with political activities.
These guidelines are intended to ensure that any political activity you pursue is done voluntarily and on your own resources and time. Please contact the Human Capital department if you have any questions about this policy.
COMPLIANCE WITH ANTITRUST LAWS
Antitrust laws of the U.S. and other countries are designed to protect consumers and competitors against unfair business practices and to promote and preserve competition. Our policy is to compete vigorously and ethically while complying with all antitrust, monopoly, competition or cartel laws in all countries, states or localities in which the Company conducts business.
Actions that Violate U.S. Antitrust Laws
In general, U.S. antitrust laws forbid agreements or actions “in restraint of trade.” All team members should be familiar with the general principles of the U.S. antitrust laws. The following is a summary of actions that are violations of U.S. antitrust laws:
- Price Fixing. The Company may not agree with its competitors to raise, lower or stabilize premiums or any element of its rates, including discounts and credit terms.
- Limitation of Supply. The Company may not agree with its competitors to limit its insurance products or restrict the supply of its services.
- Allocation of Business. The Company may not agree with its competitors to divide or allocate markets, territories or customers.
- Boycott. The Company may not agree with its competitors to refuse to sell or purchase products from third parties. In addition, the Company may not prevent a customer from purchasing or using non-Company products or services.
Meetings with Competitors
Team members should exercise caution in meetings with competitors. Any meeting with a competitor may give rise to the appearance of impropriety. You should try to meet with competitors in a closely monitored, controlled environment for a limited period of time. The contents of your meeting should be fully documented. Specifically, you should avoid any communications with a competitor that may appear to restrain trade.
Professional Organizations and Trade Associations
Team members should be cautious when attending meetings of professional organizations and trade associations at which competitors are present. Attending meetings of professional organizations and trade associations is both legal and proper, if such meetings have a legitimate business purpose. At such meetings, you should not discuss pricing policy or other competitive terms, plans for new or expanded facilities or lines of business, or any other proprietary, competitively sensitive information.
Violations of antitrust laws carry severe consequences and may expose the Company and team members to substantial civil damages, criminal fines and, in the case of individuals, prison terms. Whenever any doubt exists as to the legality of a particular action or arrangement, it is your responsibility to contact the Chief Financial Officer or Corporate Counsel promptly for assistance, approval and review.
COMPLIANCE WITH INSIDER TRADING LAWS
The Company has adopted a formal Insider Trading Compliance Policy in accordance with the insider trading laws. The laws against insider trading are specific and complex. Team members should refer to this policy. Any questions about information you may possess or about any dealings you have had in the Company’s securities should be promptly brought to the attention of the Chief Financial Officer.
COMMUNICATIONS AND REGULATION FD
The Company has adopted a formal Corporate Disclosure Policy which sets forth the Company’s policies with respect to public communication and incorporates the rules under the federal securities laws referred to as Regulation FD (which stands for “fair disclosure”). Company team members who regularly interact with securities market professionals are specifically covered by Regulation FD and have a special responsibility to understand and comply with Regulation FD. The Company has established a committee to address public communication and disclosure matters governed by Regulation FD and has designated the Chief Financial Officer to act as the Company contact if you have any questions about the scope or application of the Corporate Disclosure Policy or Regulation FD.
ENVIRONMENT, HEALTH AND SAFETY
The Company is committed to providing a safe and healthy working environment for its team members and to avoiding negative impact and harm to the environment and the communities in which we do business. Company team members must comply with all applicable environmental, health and safety laws, regulations and Company standards. It is your responsibility to understand and comply with the laws, regulations and policies that are relevant to your job. Failure to comply with environmental, health and safety laws and regulations can result in civil and criminal liability against you and the Company, as well as disciplinary action against you by the Company, up to and including termination of employment. You should contact the Human Capital department if you have any questions about the laws, regulations and policies that apply to you.
All Company team members should strive to conserve resources and reduce waste and emissions through recycling and other energy conservation measures. You have a responsibility to promptly report any known or suspected violations of environmental laws or any events that may result in a discharge or emission of hazardous materials. Team members whose jobs involve manufacturing have a special responsibility to safeguard the environment. Such team members should be particularly alert to the storage, disposal and transportation of waste, and handling of toxic materials and emissions into the land, water or air.
Health and Safety
The Company is committed not only to comply with all relevant health and safety laws, but also to conduct business in a manner that protects the safety of its team members. All team members are required to comply with all applicable health and safety laws, regulations and policies relevant to their jobs. If you have a concern about unsafe conditions or tasks that present a risk of illness or injury to you, please report these concerns immediately to your leader or the Human Capital department.
The Company pursues fair employment practices in every aspect of its business. The following is intended to be a summary of our employment policies and procedures. Detailed policies are available in the Team Member Handbook and from the Human Capital department. Company team members must comply with all applicable labor and employment laws, including laws prohibiting discrimination and harassment in the workplace, as well as retaliation for reporting any discrimination or harassment in violation of Company policy or the law, and laws related to freedom of association, privacy and protected, concerted activities. It is your responsibility to understand and comply with the Company’s policies on these subjects, as well as applicable laws and regulations. Failure to comply with labor and employment laws can result in civil and criminal liability against you and the Company, as well as disciplinary action against you by the Company, up to and including termination of employment. You should contact the Human Capital department if you have any questions about the Company’s policies against discrimination, harassment and retaliation, as well as the laws and regulations that apply to you.
Discrimination, Harassment and/or Retaliation
The Company is committed to providing equal employment opportunity and fair treatment to all applicants and team members on the basis of merit, and not because of the team member’s race, religious creed, color, national origin, ancestry, physical disability, mental disability, medical condition, genetic information, marital status, gender, gender identity, gender expression, age, sexual orientation, or military and veteran status of any person, or any other basis prohibited by applicable federal, state or local law.
The Company also is committed to providing a workplace free of unlawful harassment. This includes not only sexual harassment, but also harassment based on race, religious creed, color, national origin, ancestry, physical disability, mental disability, medical condition, genetic information, marital status, gender, gender identity, gender expression, age, sexual orientation, or military and veteran status of any person, or any other basis prohibited by applicable federal, state or local law. The Company strongly disapproves of and will not tolerate harassment of team members by managers, leaders, co-workers or non-team members. Similarly, the Company will not tolerate harassment by its team members of non-team members with whom the Company has a business, service, or professional relationship. The Company expects team members to treat each other with respect, dignity and sensitivity. For example, offensive and unwanted sexual advances, or propositions, touching, communications, and/or the display in the workplace of sexually suggestive objects or pictures on Company equipment or in the workplace, as well as offensive, derogatory remarks or “jokes” about a person’s age, race, or other protected characteristic are strictly prohibited.
The Company also strictly prohibits and will not tolerate retaliation against a team member who has raised or reported a good faith violation of the Company’s policies against discrimination and harassment.
This policy applies to all team members of the Company. If you have any concerns about discrimination, harassment and/or retaliation against you or another person, you must promptly report it to your leader or the Human Capital department. All such complaints will be treated with sensitivity. Any member of management who has reason to believe that a team member has been the victim of discrimination, harassment or retaliation, or who receives a report of discrimination, harassment or retaliation, is required to immediately report it to the Human Capital department.
The Company will respond to any concern or report in a timely manner and will conduct or direct a prompt, thorough, fair and impartial investigation of any report of alleged discrimination, harassment or retaliation using qualified personnel. All reports or complaints of conduct in violation of this provision of the Code will be handled as confidentially as possible. The Company will conclude the investigation in a timely manner. If the Company determines that a violation of its policies against discrimination, harassment or retaliation has occurred, appropriate corrective and remedial action will be taken, including possible termination of employment or other disciplinary action against the team member(s) who is determined to have violated the policies. The failure to fully cooperate with or to give truthful information in connection with a complaint investigation also may result in discipline.
Alcohol and Drugs
The Company is committed to maintaining a drug-free workplace. All Company team members must comply strictly with Company policies regarding the abuse of alcohol and the possession, sale and use of illegal substances. Drinking alcoholic beverages is prohibited while on duty or on the premises of the Company, except at specified Company sanctioned events. Possessing, using, selling or offering illegal drugs (including, to the maximum extent allowed by law, marijuana, which is illegal under federal law) or other controlled substances is prohibited under all circumstances while on duty or on the premises of the Company. Likewise, you are prohibited from reporting for work, or driving a Company vehicle or any vehicle on Company business, while under the influence of alcohol, any illegal drug or controlled substance.
Violence Prevention and Weapons
The safety and security of Company team members is vitally important. The Company will not tolerate violence or threats of violence in, or related to, the workplace. Team members who experience, witness or otherwise become aware of a violent or potentially violent situation that occurs on the Company’s property or affects the Company’s business must immediately report the situation to their leader or the Human Capital department. Team members may not possess or use any weapon at any time while on property owned, leased, or controlled by the Company (including in an assigned Company vehicle), or while off Company property but on Company business. Weapons include, but are not limited to, guns, knives with a blade over three inches in length, explosives, and any chemical of which the purpose is to cause harm to another person. The Company’s Chief Executive Officer may authorize security personnel or a trained team member to have a weapon on Company property for the safety and security of Company team members and property. Team members who violate this policy will be subject to disciplinary action, including termination of employment. This policy does not prohibit a team member from locking a legally owned firearm inside a private motor vehicle parked in a Company parking lot where this right is specifically granted by applicable law where the parking lot is located.
This Code contains general guidelines for conducting the business of the Company consistent with the highest standards of business ethics. If you have any questions about these guidelines, please contact your leader or the Human Capital department. We expect all Company team members, to adhere to these standards. The sections of this Code titled “Introduction,” “Conflicts of Interest,” “Company Records,” “Accuracy of Financial Reports and Other Public Communications,” and “Compliance with Laws and Regulations,” as applied to the Company’s principal financial officers, shall be our “Code of Ethics” within the meaning of Section 406 of the Sarbanes-Oxley Act of 2002 and the rules promulgated thereunder.
This Code and the matters contained herein are neither a contract of employment nor a guarantee of continuing Company policy. All employment at the Company is on an at-will basis, meaning either the team member or the Company can end the employment relationship at any time, with or without notice or cause. Mercury reserves the right to amend, supplement or discontinue this Code and the matters addressed herein, without prior notice, at any time.