Boycotts Outside the United States
KBR, Inc. and Subsidiary Companies
Corporate Policy
Date: November 10, 2006
Index No.: 3-0011
Purpose:
This Policy provides guidelines for compliance with applicable United States federal Laws regarding participation or cooperation in boycotts outside the United States. Certain United States federal Laws and regulations, including the Export Administration Act and the Internal Revenue Code of 1986 and the regulations thereunder require the Company not to participate in certain activities (even though required by the Laws of another country in which the Company operates or to which it sells goods or services) which have the effect of boycotting or furthering another country's boycott of United States businesses and countries friendly to the United States. In addition, these Laws and regulations require that the Company not furnish certain information as to the identity or nationality of its Directors, Employees, shareholders, subcontractors and suppliers or as to the presence or absence of Company operations or business dealings in or with countries subject to a boycott where such information is requested in furtherance of the boycott. Finally, these Laws require the Company to report the receipt of boycott-related requests whether or not the Company complies with the requests.
Policy:
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The Company will sell its products and services only where permitted under the applicable Laws of the countries in which the Company operates.
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The Company will, in the conduct of its business, comply with the applicable Laws of the United States regarding boycotts.
Procedure:
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The Company shall maintain a continuing program to keep its Employees and agents advised of the applicable provisions of the Laws and regulations dealing with participation in boycotts and of the provisions of this Policy.
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Any action which may require a report to a governmental agency in compliance with a boycott request, even though such action is not prohibited by Law or applicable regulations and does not invoke any tax sanctions, must be cleared in advance with the Law Department.
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Neither the Company nor any of its Directors, Employees or agents shall take any action which will violate the Laws or regulations dealing with participation in boycotts.
Other References:
1. Corporate Policy No. 3-0010 (Export Administration and International Economic Sanctions) should be consulted.
2. Corporate Policy No. 3-0001 (General Policy Regarding Laws and Business Conduct) should be consulted with respect to discrimination.
Approved: Board of Directors
November 10, 2006