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Tyco International's board of directors is responsible for directing, and providing
oversight of the management of Tyco's business in the best interests of the shareholders
and consistent with good corporate citizenship. In carrying out its responsibilities, the
board selects and monitors top management, provides oversight for financial reporting and
legal compliance, determines Tyco's governance principles and implements its governance
policies. The board, together with management, is responsible for establishing the firm's
operating values and code of conduct and for setting strategic direction and priorities.
Tyco believes that good governance requires not only an effective set of specific practices, but also a culture of responsibility throughout the firm, and governance at Tyco is intended to optimize both. Tyco also believes that good governance ultimately depends on the quality of its leadership, and it is committed to recruiting and retaining directors and officers of proven leadership and personal integrity. |
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