Ethics and Compliance

Our moral and ethical expectations are outlined in Timken’s Standards of Business Ethics Policy, which guides how associates, officers and directors of the company and subsidiaries are expected to conduct business. These standards are distributed globally to all salaried associates and translated into the primary language of any location where Timken has a significant presence. We require all recipients to complete ethics training and sign a pledge to abide by the rules set forth. In 2008, we achieved 100 percent signoff by 8,500 global salaried associates.

We uphold the elements of our ethics policy through a comprehensive compliance system that extends around the world. Compliance committees exist in our corporate centers, within business units and in specific geographies to address the unique issues of those regions. Timken associates and external stakeholders are encouraged to report any questionable ethical behavior or compliance concerns; and The Timken HelpLine, operated by a third party, is available to any stakeholder who wishes to discuss a situation in confidence. All calls are investigated, and serious issues are brought to the audit committee of our Board of Directors.

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