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Corporate governance
IBM's philosophy, committment and adherence to corporate governance principles
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IBM's Business Conduct Guidelines (BCGs) is our code of business conduct and ethics for our directors, executive officers and employees. Any amendment to our BCGs that applies to our directors or executive officers will be disclosed on IBM's website, and any waiver of the BCGs for directors or executive officers may be made only by the IBM Board of Directors or a Board committee and will be disclosed on IBM's website.
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| For answers to general questions about IBM from within the continental United States, call (800) IBM-4YOU. From outside the United States, call (404) 238-1234. |
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I am very pleased to report to you on a superb
year for your company—a year of record revenue,
profit, cash flow and earnings per share. |
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