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CODE OF ETHICS FOR CHIEF EXECUTIVE OFFICER AND SENIOR FINANCIAL OFFICERS
S&P Global (the "Company") has a Code of Business Ethics applicable to all
employees of the Company. The Chairman, President and Chief Executive Officer
(the "CEO") and all senior financial officers, including the Executive Vice
President and Chief Financial Officer (the "CFO") and principal accounting
officer, are bound by the provisions set forth therein relating to ethical
conduct, conflicts of interest and compliance with law. In addition to the Code
of Business Ethics, the CEO and the senior financial officers are subject to the
following additional specific corporate policies:
- The CEO and all senior financial officers are responsible for full, fair,
accurate, timely and understandable disclosure in the periodic reports
required to be filed by the Company with the Securities and Exchange
Commission. Accordingly, it is the responsibility of the CEO and each senior
financial officer promptly to bring to the attention of the Corporate
Disclosure Committee any material information of which he or she may become
aware that might affect the disclosures made by the Company in its public
filings and to otherwise assist the Corporate Disclosure Committee in
fulfilling its responsibilities.
- The CEO and each senior financial officer shall promptly bring to the
attention of the CFO and the Corporate Disclosure Committee any information
he or she may have concerning allegedly significant deficiencies in the
design or operation of internal controls which could adversely affect the
Company's ability to record, process, summarize and report financial data.
- The CEO and each senior financial officer shall promptly bring to the
attention of the General Counsel: (a) any information he or she may have
concerning any alleged violation of the Company's Code of Business Ethics,
including any actual or apparent conflicts of interest between personal and
professional relationships, involving any management or other employees who
have a significant role in the Company's financial reporting, disclosures or
internal controls; or (b) any alleged fraud, whether or not material, that
involves management or other employees who have a significant role in the
Company's financial reporting, disclosures or internal controls.
- The CEO and each senior financial officer shall promptly bring to the
attention of the General Counsel any information he or she may have
concerning alleged evidence of a material violation of the securities or
other laws, rules or regulations applicable to the Company and the operation
of its business, by the Company or any agent thereof, or of a material
violation of the Code of Business Ethics or of these additional procedures.
- The General Counsel may in the General Counsel's discretion refer the
matters set forth above in paragraphs 3 and 4 to the CEO, the CFO, the
Corporate Disclosure Committee, the Corporate Audit Department and/or the
Audit Committee of the Board of Directors.
- The CEO shall determine, or designate appropriate persons to determine,
appropriate actions to be taken in the event of violations of the Code of
Business Ethics or of these additional procedures by the Company's senior
financial officers. Such actions shall be reasonably designed to deter
wrongdoing and to promote accountability for adherence to the Code of
Business Ethics and to these additional procedures. In determining what
action is appropriate in a particular case, the CEO or such designee shall
take into account all relevant information, including the nature and
severity of the violation, whether the violation was a single occurrence or
repeated occurrences, whether the violation appears to have been intentional
or inadvertent, whether the individual in question had been advised prior to
the violation as to the proper course of action and whether or not the
individual in question had committed other violations in the past.
- The Board of Directors shall determine, or designate appropriate persons to
determine, appropriate actions to be taken in the event of alleged
violations of the Code of Business Ethics or of these additional procedures
by the CEO.
January 28, 2004
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