Page 22 - Code of Ethical Business Conduct

20 Martin Marietta

Sales of Products and Services
Martin Marietta is dedicated to developing, producing and delivering
products and services of the highest quality – products and services that
meet or exceed the requirements of customers. The customer has the right
to expect, and we have an obligation to ensure, that products and services
are delivered at a fair price. This can be accomplished only by a continuing
dedication to fair business dealings and a strict adherence to all contractual
obligations.
On occasion, Martin Marietta may sell
products or services to government agencies
Q: The procedures for at the federal, state or local level. In those in-
opening Company accounts
involve several steps. stances we will strictly observe the laws, rules
Can I consolidate the and regulations that govern acquisition of such
authorizations required in goods and services. We will compete fairly
order to save time? and ethically for all business opportunities.

A: Key duties and No Martin Marietta employee shall attempt
responsibilities need to to obtain, from any source, government infor-
be divided or segregated mation that is procurement-sensitive nor any
among different people information of a competitor in circumstances
to reduce the risk of error where there is reason to believe the release
or fraud. This should
include separating the or receipt of such information is unauthorized.
responsibilities for Personnel involved in negotiations of govern-
authorizing transactions, ment contracts and commercial contracts
processing and recording shall ensure that all statements, communica-
them, reviewing and tions and representations to customer repre-
approving the transaction
and handling any sentatives are accurate and truthful.
related assets. No one Sufficient care must be taken to ensure
individual should control proper recording and charging of all costs to
all key aspects of a the appropriate account, regardless of the
transaction or event.
status of the budget for that account. The
falsification of time cards or other cost records
will not be tolerated. Every supervisor is
personally responsible for assuring that the time of employees is recorded
promptly and accurately. It is specifically prohibited for any employee to
submit or to concur in the submission of any claims, bids, proposals, or
any other documents of any kind that are false, fictitious or fraudulent.
Such acts are criminal violations, which could result in criminal prosecution
of Martin Marietta and the employee involved.